SPAREBANKEN MORE-CAP CERT (MORG.OL) Stock Technical Analysis
OSL:MORG - NO0012483207 - Common Stock
104.8 NOK
+1.2 (+1.16%)
We assign a technical rating of 4 out of 10 to MORG. In the last year, MORG was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
MORG is one of the lesser performing stocks in the Banks industry. 70% of 89 stocks in the same industry do better.
Warning: MORG has an average volume of 11515 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.
MORG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so MORG is lagging the market slightly.
When compared to the yearly performance of all other stocks, MORG outperforms 68% of them, which is more or less in line with the market.
In the last month MORG has a been trading in a tight range between 103.00 and 108.00.
Although the technical rating is only medium, MORG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 105.73. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 104.49, a Stop Loss order could be placed below this zone.
More info and screens
92.83
111.10
When analyzing the support we can see 3 important areas.
- A support zone ranging from 104.20 to 104.49. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 100.55 to 102.34. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 93.77 to 93.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 105.73 to 106.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 109.90 to 110.00. 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 | 68.24 | NEUTRAL | MORG.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of MORG.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of MORG.OL is below 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) | 50.54 | NEUTRAL | The RSI value for MORG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests MORG.OL has a positive trend. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for MORG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.61 | LOW VOLATILITY | The low ATR as a percentage value for MORG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 14.58 | 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)
OSL:MORG (9/5/2025, 7:00:00 PM)
104.8
+1.2 (+1.16%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.16%
1 Week-0.85%
2 Weeks0.29%
1 Month-0.02%
3 Month1.59%
6 Month4.8%
12 Month24.76%
2 Year35.23%
3 Year49.71%
5 Year-64.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.4
ATR(20)%1.61%
ATR Inc-45.61%
Range Today1.18
ADR(20)1.66
ADR(20)%1.58%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.24
Mansfield-0.16
10 Day High106
10 Day Low103.6
20 Day High108
20 Day Low103
52 Week High112
52 Week Low81.55
CS1 End104.49
CR1 Start105.73
Volume & EV
DER(3)0%
DER(5)-0.2%
Volume6.35K
Volume Incr-29.38%
Vol(5)8.87K
Vol(50)11.52K