SPAREBANKEN MORE-CAP CERT (MORG.OL) Stock Technical Analysis
OSL:MORG - Euronext Oslo - NO0012483207 - Common Stock - Currency: NOK
Taking everything into account, MORG scores 7 out of 10 in our technical rating. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
MORG is part of the Banks industry. There are 92 other stocks in this industry, of which 68% are performing better than MORG.
Warning: MORG has an average volume of 17063 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
Looking at the yearly performance, MORG did better than 74% of all other stocks. On top of that, MORG also shows a nice and consistent pattern of rising prices.
MORG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so MORG is performing more or less in line with the market.
In the last month MORG has a been trading in the 98.00 - 104.98 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Volume is considerably higher in the last couple of days.
MORG has an excellent technical rating and 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 a support zone below the current price at 101.90, a Stop Loss order could be placed below this zone.
More info and screens
83.35
106.39
We found 5 important support areas.
- A support zone ranging from 100.13 to 101.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 96.60 to 96.65. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 93.57 to 94.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.95 from a trend line in the weekly time frame.
- Support @84.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @102.50 from a horizontal line in the daily time frame.
- A resistance zone ranging from 104.46 to 105.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
The Technical Rating and Setup analysis above combine different indicators and trends in different timeframes. Individual signals from indicators may give more contradictive signals and should always be interpreted in the more global context.
| Indicator | Value | Signal | Comment |
|---|---|---|---|
| ChartMill Long Term Trend Indicator | UP | POSITIVE | The long term trend for MORG.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for MORG.OL is neutral. |
| ChartMill Relative Strength | 74.24 | POSITIVE | MORG.OL has a high relative strength, it outperformed 74.24% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of MORG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of MORG.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of MORG.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.34 | NEUTRAL | The RSI value for MORG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.26 | NEGATIVE | The MACD value suggests MORG.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 26.41 | NEUTRAL | The Stochastics value for MORG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.15 | MEDIUM VOLATILITY | The ATR as a percentage value for MORG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.62 | NEGATIVE | The low ADX value for MORG.OL suggests a weak or negative trend. |
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)
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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 102.51 | 100.12 | 2.39 (2.33%) | 25.00% |
| An entry @102.51. This is a Buy Stop order right above the resistance zone. | An exit @100.12. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.39 points, which is 2.33%. | For a 0.58% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of MORG. Please evaluate whether better entry and exit points can be found.
- 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.
OSL:MORG (5/30/2025, 7:00:00 PM)
102.26
+3.43 (+3.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg3.47%
1 Week-1.06%
2 Weeks-1.73%
1 Month1.51%
3 Month3.9%
6 Month15.18%
12 Month20.42%
2 Year34.1%
3 Year28.41%
5 Year-63.62%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.17
ATR(20)%2.15%
ATR Inc-15.34%
Range Today3.43
ADR(20)2.06
ADR(20)%2.01%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.24
Mansfield0.72
10 Day High104.98
10 Day Low98
20 Day High104.98
20 Day Low98
52 Week High106.98
52 Week Low80.66
CS1 End101.9
CR1 Start102.5
Volume & EV
DER(3)0.06%
DER(5)0.33%
Volume25.78K
Volume Incr72.92%
Vol(5)28.77K
Vol(50)17.06K