NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:NHY - NO0005052605 - Common Stock
Taking everything into account, NHY scores 8 out of 10 in our technical rating. Although NHY is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Although NHY has an excellent technical rating, the quality of the presented setup is not ideal at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
65.14
When analyzing the support we can see 4 important areas.
- A support zone ranging from 69.80 to 70.66. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.40 to 68.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.26 from a horizontal line in the daily time frame.
- Support @65.80 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 73.97 to 74.38. 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 | 58.57 | NEUTRAL | NHY.OL is not amongst the best or worst performers 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) | 62.47 | NEUTRAL | The RSI value for NHY.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.11 | POSITIVE | The MACD value suggests NHY.OL has a positive trend. |
| Stochastics (14,3) | 75.97 | NEUTRAL | The Stochastics value for NHY.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.41 | MEDIUM VOLATILITY | The ATR as a percentage value for NHY.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.67 | NEGATIVE | The low ADX value for NHY.OL suggests a weak or negative trend. |
OSL:NHY (12/5/2025, 4:25:30 PM)
73.96
+0.04 (+0.05%)
NORSK HYDRO ASA / NHY.OL FAQ
What is the technical rating for NHY stock?
ChartMill assigns a technical rating of 8 / 10 to NHY.OL.
Can you provide the trend direction for NORSK HYDRO ASA?
The current trend direction for NORSK HYDRO ASA (NHY.OL) is Bullish.
Can you provide the RSI signal for NORSK HYDRO ASA?
NORSK HYDRO ASA (NHY.OL) has an RSI value of 62.4732. This indicates that the stock is currently neutral.
What is the short term momentum for NORSK HYDRO ASA (NHY.OL) stock?
The short term momentum for NORSK HYDRO ASA (NHY.OL) is positive.
What is the buy/sell signal for NHY stock?
The buy/sell signal for NORSK HYDRO ASA (NHY.OL) is buy as both the short term and long term trends are positive.