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MORROW BANK ASA (MOBA.OL) Stock Technical Analysis

OSL:MOBA - Euronext Oslo - NO0010694029 - Common Stock - Currency: NOK

10  -0.35 (-3.38%)

Technical Rating and Analysis

10

We assign a technical rating of 10 out of 10 to MOBA. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, MOBA is showing a nice and steady performance.

Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, MOBA did better than 97% of all other stocks. On top of that, MOBA also shows a nice and consistent pattern of rising prices.
MOBA is one of the better performing stocks in the Banks industry, it outperforms 97% of 97 stocks in the same industry.
MOBA is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month MOBA has a been trading in the 8.38 - 10.75 range, which is quite wide. It is currently trading near the high of this range.

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Weekly and Daily overview Charts
MORROW BANK ASA / MOBA Weekly stock chart
MORROW BANK ASA / MOBA Daily stock chart
Setup Rating and Analysis

7

Besides having an excellent technical rating, MOBA also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 9.68, a Stop Loss order could be placed below this zone.

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Support and Resistance Analysis

7.67

10.72

5 important support areas can be observed.

  • A support zone ranging from 9.59 to 9.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @9.27 from a trend line in the daily time frame.
  • Support @9.09 from a horizontal line in the daily time frame.
  • Support @8.53 from a horizontal line in the weekly time frame.
  • Support @7.75 from a trend line in the weekly time frame.

When analyzing the resistance we notice one important area.

  • Resistance @10.61 from a horizontal line in the daily time frame.

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Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.77
Mansfield4.17
10 Day High10.65
10 Day Low9.5
20 Day High10.75
20 Day Low8.38
52 Week High10.8
52 Week Low4.04
Performance
1 Week-2.91%
2 Weeks5.93%
1 Month-0.5%
3 Month6.84%
6 Month52.91%
12 Month145.1%
2 Year92.31%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A

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Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)

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Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)0.02
RSI(14)51.05
LBB9.37
UBB10.61

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Example Setup

Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.

ENTRYEXITDISTANCECAPITAL
10.169.580.58 (5.72%)17.49%
An entry @10.16. This is a Buy Stop order right above the 10 day moving average.An exit @9.58. This is a Stop Loss order right below the support zone.The worst case loss on the trade is limited to 0.58 points, which is 5.72%.For a 1.00% total portfolio risk, you can invest 17.49% of your capital in this trade.

  • The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
  • This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.

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MORROW BANK ASA / MOBA Daily stock chart

MORROW BANK ASA

OSL:MOBA (4/30/2025, 7:00:00 PM)

10

-0.35 (-3.38%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-3.38%
1 Week-2.91%
2 Weeks5.93%
1 Month-0.5%
3 Month6.84%
6 Month52.91%
12 Month145.1%
2 Year92.31%
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%4.34%
ATR Inc-41.38%
Range Today0.37
ADR(20)0.39
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS97.77
Mansfield4.17
10 Day High10.65
10 Day Low9.5
20 Day High10.75
20 Day Low8.38
52 Week High10.8
52 Week Low4.04
CS1 End9.68
CR1 Start10.61
Volume & EV
DER(3)0.34%
DER(5)0.11%
Volume517.17K
Volume Incr-33.61%
Vol(5)369.88K
Vol(50)454.69K