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 one of the lesser performing stocks in the Banks industry. 71% of 95 stocks in the same industry do better.
Warning: MORG has an average volume of 14783 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that MORG is one of the better performing stocks in the market, outperforming 72% of all stocks. We also observe that the gains produced by MORG over the past year are nicely spread over this period.
MORG is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so MORG slightly outperforms the market at the moment.
In the last month MORG has a been trading in the 88.00 - 104.00 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
MORG has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 104.46. Right above this resistance zone may be a good entry point.
More info and screens
83.35
106.39
4 important support areas can be observed.
- A support zone ranging from 98.36 to 98.65. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 93.57 to 95.43. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @88.37 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 one important area.
- 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.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.6
Mansfield1.16
10 Day High102.18
10 Day Low95
20 Day High104
20 Day Low88
52 Week High106.98
52 Week Low80.66
Performance
1 Week1.76%
2 Weeks3.15%
1 Month-2.44%
3 Month0.49%
6 Month11.66%
12 Month18.89%
2 Year32.75%
3 Year27.12%
5 Year-63.98%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.47
RSI(14)53.61
LBB93.02
UBB102.44
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 |
|---|---|---|---|
| 102.19 | 98.35 | 3.84 (3.76%) | 25.00% |
| An entry @102.19. This is a Buy Stop order right above the 10 day high. | An exit @98.35. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.84 points, which is 3.76%. | For a 0.94% 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 (5/6/2025, 2:21:41 PM)
99.89
-0.6 (-0.6%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.6%
1 Week1.76%
2 Weeks3.15%
1 Month-2.44%
3 Month0.49%
6 Month11.66%
12 Month18.89%
2 Year32.75%
3 Year27.12%
5 Year-63.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.57
ATR(20)%2.98%
ATR Inc-50.91%
Range Today0.11
ADR(20)2.66
ADR(20)%2.66%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.6
Mansfield1.16
10 Day High102.18
10 Day Low95
20 Day High104
20 Day Low88
52 Week High106.98
52 Week Low80.66
CS1 End98.65
CR1 Start104.46
Volume & EV
DER(3)-0.12%
DER(5)0.23%
Volume258
Volume Incr-29.81%
Vol(5)12.10K
Vol(50)14.78K