NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
OSL:NHY - Euronext Oslo - NO0005052605 - Common Stock - Currency: NOK
Taking everything into account, NHY scores 1 out of 10 in our technical rating. 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.
Both the long and short term trends are negative. It is better to avoid buying stocks with negative trends.
83% of all other stocks performed better in the past year 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.
NHY has an average volume of 4719310 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 40% of them.
In the last month NHY has a been trading in the 53.24 - 58.78 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
NHY has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. We notice that large players showed an interest for NHY in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
51.31
72.52
When analyzing the support we notice one important area.
- Support @51.83 from a horizontal line in the daily time frame.
We can see 3 important resistance areas.
- A resistance zone ranging from 56.56 to 58.98. 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.
- A resistance zone ranging from 71.60 to 71.80. 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 | DOWN | NEGATIVE | The long term trend for NHY.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NHY.OL is down. |
| ChartMill Relative Strength | 17.73 | NEGATIVE | NHY.OL has a low relative strength, it was outperformed by 82.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NHY.OL is below the rising 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) | UP | MIXED | The current price of NHY.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 42.42 | NEUTRAL | The RSI value for NHY.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.14 | POSITIVE | The MACD value suggests NHY.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 43.83 | NEUTRAL | The Stochastics value for NHY.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.76 | MEDIUM VOLATILITY | The ATR as a percentage value for NHY.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 17.34 | NEGATIVE | The low ADX value for NHY.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:NHY (5/23/2025, 7:00:00 PM)
55.76
-0.18 (-0.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg-0.32%
1 Week-3.13%
2 Weeks-2.31%
1 Month0.5%
3 Month-16.07%
6 Month-21.99%
12 Month-19.02%
2 Year-16.88%
3 Year-25.81%
5 Year125.93%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.52
ATR(20)%2.76%
ATR Inc36.35%
Range Today2.04
ADR(20)1.43
ADR(20)%2.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS17.73
Mansfield-1.41
10 Day High58.78
10 Day Low54.86
20 Day High58.78
20 Day Low53.24
52 Week High73.36
52 Week Low50.6
CS1 End51.83
CR1 Start56.56
Volume & EV
DER(3)3.69%
DER(5)4.12%
Volume4.36M
Volume Incr-11.46%
Vol(5)3.73M
Vol(50)4.72M