NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
OSL:NHY - NO0005052605 - Common Stock
66.8 NOK
+1.1 (+1.67%)
We assign a technical rating of 10 out of 10 to NHY. Both in the recent history as in the last year, NHY has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, NHY did better than 80% of all other stocks.
NHY 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 NHY is lagging the market slightly.
NHY has an average volume of 3156460 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
NHY is part of the Metals & Mining industry. There are 38 other stocks in this industry, NHY did better than 54% of them.
In the last month NHY has a been trading in a tight range between 63.66 and 67.14.
Besides having an excellent technical rating, NHY also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 66.29, a Stop Loss order could be placed below this zone.
More info and screens
54.05
73.25
3 important support areas can be observed.
- A support zone ranging from 64.36 to 66.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @59.00 from a trend line in the daily time frame.
- Support @54.60 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- Resistance @69.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 71.48 to 72.52. 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 NHY.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHY.OL is up. |
| ChartMill Relative Strength | 80.83 | POSITIVE | NHY.OL has a high relative strength, it outperformed 80.83% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.5 | NEUTRAL | The RSI value for NHY.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.12 | NEGATIVE | The MACD value suggests NHY.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.66 | NEUTRAL | The Stochastics value for NHY.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.7 | LOW VOLATILITY | The low ATR as a percentage value for NHY.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 29.6 | POSITIVE | The high ADX value value for NHY.OL suggests a strong 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)
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 |
|---|---|---|---|
| 67.15 | 63.95 | 3.20 (4.77%) | 20.98% |
| An entry @67.15. This is a Buy Stop order right above the 10 day high. | An exit @63.95. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 3.20 points, which is 4.77%. | For a 1.00% total portfolio risk, you can invest 20.98% of your capital in this trade. |
- 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:NHY (9/5/2025, 7:00:00 PM)
66.8
+1.1 (+1.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.67%
1 Week2.49%
2 Weeks1.46%
1 Month3.82%
3 Month22.98%
6 Month-4.92%
12 Month20.36%
2 Year-0.6%
3 Year13.53%
5 Year159.52%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.12
ATR(20)%1.7%
ATR Inc8.03%
Range Today1.06
ADR(20)1.07
ADR(20)%1.6%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.83
Mansfield-0.35
10 Day High67.14
10 Day Low63.96
20 Day High67.14
20 Day Low63.66
52 Week High73.36
52 Week Low50.6
CS1 End66.29
CR1 Start69.76
Volume & EV
DER(3)0.94%
DER(5)0.43%
Volume3.68M
Volume Incr7.2%
Vol(5)3.13M
Vol(50)3.16M