MORLD Technical Analysis - MORELD ASA

Technical Rating and Analysis

Overall MORLD gets a technical rating of 3 out of 10. In the last year, MORLD was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.

100% of all other stocks performed better in the past year than MORLD.

MORLD is one of the lesser performing stocks in the Construction & Engineering industry. 80% of 43 stocks in the same industry do better.

The long and short term trends are both positive. This is looking good!

In the last month MORLD has a been trading in the 16.24 - 18.48 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.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

Setup Rating and Analysis

MORLD has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 18.06. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 16.60, a Stop Loss order could be placed below this zone.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

16.03

18.26

When analyzing the support we notice one important area.

A support zone ranging from 16.19 to 16.60. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

When analyzing the resistance we notice one important area.

A resistance zone ranging from 18.06 to 18.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.

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What is Support and Resistance

Support and Resistance indicators

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Technical Indicator Signal Analysis

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 MORLD.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for MORLD.OL is up.
ChartMill Relative Strength	0	NEGATIVE	MORLD.OL has a low relative strength, it was outperformed by 100% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	MIXED	The current price of MORLD.OL is above a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MORLD.OL is below a declining SMA(50).
Relative Strength Index/RSI (14)	49.96	NEUTRAL	The RSI value for MORLD.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.13	POSITIVE	The MACD value suggests MORLD.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	72.27	NEUTRAL	The Stochastics value for MORLD.OL is a neutral value.
Average True Range in percent/ATR (20)	3.96	MEDIUM VOLATILITY	The ATR as a percentage value for MORLD.OL suggests some volalility.
Average Directional Index/ADX (14)	13.05	NEGATIVE	The low ADX value for MORLD.OL suggests a weak or negative trend.