SPAREBANKEN MORE-CAP CERT (MORG.OL) Stock Technical Analysis
OSL:MORG - Euronext Oslo - NO0012483207 - Common Stock - Currency: NOK
Taking everything into account, MORG scores 5 out of 10 in our technical rating. 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 part of the Banks industry. There are 91 other stocks in this industry, of which 82% are performing better than MORG.
Warning: MORG has an average volume of 14830 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt 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.
In the last month MORG has a been trading in the 102.40 - 109.90 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.
When compared to the yearly performance of all other stocks, MORG outperforms 65% of them, which is more or less in line with the market.
MORG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 101.46, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
89.97
111.10
When analyzing the support we can see 4 important areas.
- A support zone ranging from 99.20 to 101.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @96.00 from a horizontal line in the daily time frame.
- A support zone ranging from 93.77 to 94.32. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @90.88 from a trend line in the weekly time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 105.42 to 106.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- 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 | 65.3 | NEUTRAL | MORG.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of MORG.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of MORG.OL is below the rising 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) | 47.56 | NEUTRAL | The RSI value for MORG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.14 | NEGATIVE | The MACD value suggests MORG.OL has a negative trend. |
| Stochastics (14,3) | 42.46 | NEUTRAL | The Stochastics value for MORG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.56 | MEDIUM VOLATILITY | The ATR as a percentage value for MORG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 15.04 | 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 (8/8/2025, 7:00:00 PM)
104.82
-1.28 (-1.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.21%
1 Week0.5%
2 Weeks-0.8%
1 Month-4.62%
3 Month2.76%
6 Month4.82%
12 Month23.83%
2 Year36.13%
3 Year43.2%
5 Year-64.83%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.6
ATR(20)%2.56%
ATR Inc-14.98%
Range Today2.18
ADR(20)2.56
ADR(20)%2.44%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS65.3
Mansfield0.05
10 Day High108.9
10 Day Low102.4
20 Day High109.9
20 Day Low102.4
52 Week High112
52 Week Low81.55
CS1 End101.46
CR1 Start105.42
Volume & EV
DER(3)0.11%
DER(5)0.07%
Volume6.02K
Volume Incr-10.35%
Vol(5)9.67K
Vol(50)14.83K