NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
OSL:NHY - Euronext Oslo - NO0005052605 - Common Stock - Currency: NOK
We assign a technical rating of 0 out of 10 to NHY. NHY's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
85% of all other stocks performed better in the past year than NHY.
NHY is part of the Metals & Mining industry. There are 36 other stocks in this industry, of which 62% are performing better than NHY.
NHY is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NHY is lagging the market.
In the last month NHY has a been trading in the 53.24 - 57.66 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.
NHY has an average volume of 4687340 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although the technical rating is bad, NHY does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 54.96, a Stop Loss order could be placed below this zone.
More info and screens
51.31
72.32
We found 2 important support areas.
- A support zone ranging from 54.60 to 54.96. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @51.83 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 55.47 to 56.22. 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 57.14 to 58.07. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @69.76 from a horizontal line in the daily time frame.
- Resistance @71.60 from a horizontal line in the weekly time frame.
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 NHY.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NHY.OL is neutral. |
| ChartMill Relative Strength | 15.9 | NEGATIVE | NHY.OL has a low relative strength, it was outperformed by 84.1% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NHY.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NHY.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NHY.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.2 | NEUTRAL | The RSI value for NHY.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests NHY.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 68.37 | NEUTRAL | The Stochastics value for NHY.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.33 | MEDIUM VOLATILITY | The ATR as a percentage value for NHY.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.42 | NEUTRAL | The ADX value for NHY.OL suggests a possible start of a new 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:NHY (6/19/2025, 2:42:16 PM)
55.22
-0.22 (-0.4%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.4%
1 Week-2.57%
2 Weeks0.98%
1 Month-2.43%
3 Month-16.1%
6 Month-11.1%
12 Month-14.47%
2 Year-13.1%
3 Year0.51%
5 Year108.66%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%2.33%
ATR Inc-7.83%
Range Today0.91
ADR(20)1.21
ADR(20)%2.19%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS15.9
Mansfield-1.53
10 Day High57.24
10 Day Low53.24
20 Day High57.66
20 Day Low53.24
52 Week High73.36
52 Week Low50.6
CS1 End54.96
CR1 Start55.47
Volume & EV
DER(3)1.69%
DER(5)-0.58%
Volume851.19K
Volume Incr2.63%
Vol(5)4.19M
Vol(50)4.69M