MULTI Technical Analysis - MULTICONSULT ASA

Technical Rating and Analysis

We assign a technical rating of 0 out of 10 to MULTI. MULTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.

Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.

When comparing the yearly performance of all stocks, MULTI is a bad performer in the overall market: 82% of all stocks are doing better.

MULTI is one of the lesser performing stocks in the Construction & Engineering industry. 66% of 43 stocks in the same industry do better.

MULTI is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.

In the last month MULTI has a been trading in the 172.00 - 185.00 range, which is quite wide. It is currently trading near the lows of this range.

Warning: MULTI has an average volume of 24420 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.

Considerably lower volume is observed 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

MULTICONSULT ASA / MULTI Weekly stock chart

MULTICONSULT ASA / MULTI Daily stock chart

Setup Rating and Analysis

Although the technical rating is bad, MULTI does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 168.99, 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

167.30

189.18

When analyzing the support we notice one important area.

A support zone ranging from 168.99 to 168.99. This zone is formed by a combination of multiple trend lines in multiple time frames.

We found 1 important resistance area.

A resistance zone ranging from 174.88 to 187.31. 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	DOWN	NEGATIVE	The long term trend for MULTI.OL is down.
ChartMill Short Term Trend Indicator	DOWN	NEGATIVE	The short term trend for MULTI.OL is down.
ChartMill Relative Strength	18.3	NEGATIVE	MULTI.OL has a low relative strength, it was outperformed by 81.7% off all stocks on the market.
Simple Moving Average/SMA (20)	DOWN	NEGATIVE	The current price of MULTI.OL is below a declining SMA(20).
Simple Moving Average/SMA (50)	DOWN	NEGATIVE	The current price of MULTI.OL is below a declining SMA(50).
Simple Moving Average/SMA (200)	DOWN	NEGATIVE	The current price of MULTI.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)	32.52	NEUTRAL	The RSI value for MULTI.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	0.12	POSITIVE	The MACD value suggests MULTI.OL has a positive trend.
Stochastics (14,3)	4.59	OVERSOLD	The low Stochastics value suggests MULTI.OL may be oversold.
Average True Range in percent/ATR (20)	1.75	LOW VOLATILITY	The low ATR as a percentage value for MULTI.OL suggests low volalility.
Average Directional Index/ADX (14)	42.42	POSITIVE	The high ADX value value for MULTI.OL suggests a strong trend.