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 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.
84% of all other stocks performed better in the past year than NHY.
NHY is part of the Metals & Mining industry. There are 38 other stocks in this industry, of which 70% are performing better than NHY.
NHY is currently trading in the lower part of its 52 week range, which is not a good signal. Agreed, the S&P500 Index is also not doing fantastic, but it still sitting in the middle of its 52 week range.
NHY has an average volume of 5131280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
In the last month NHY has a been trading in the 50.60 - 61.14 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. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 54.81. Right above this resistance zone may be a good entry point. 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
72.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 54.81 to 55.25. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @51.83 from a horizontal line in the daily time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 56.51 to 56.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @69.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 71.80 to 72.16. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.4
Mansfield-1.3
10 Day High57.04
10 Day Low52.24
20 Day High61.14
20 Day Low50.6
52 Week High73.36
52 Week Low50.6
Performance
1 Week-2.5%
2 Weeks2.59%
1 Month-11.45%
3 Month-18.46%
6 Month-20.87%
12 Month-21.26%
2 Year-30.2%
3 Year-31.7%
5 Year108.64%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.53
RSI(14)39.07
LBB51.64
UBB57.08
OSL:NHY (5/2/2025, 4:25:30 PM)
55.84
+1.24 (+2.27%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg2.27%
1 Week-2.5%
2 Weeks2.59%
1 Month-11.45%
3 Month-18.46%
6 Month-20.87%
12 Month-21.26%
2 Year-30.2%
3 Year-31.7%
5 Year108.64%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.37
ATR(20)%4.5%
ATR Inc-13.17%
Range Today1.12
ADR(20)2.1
ADR(20)%3.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS16.4
Mansfield-1.3
10 Day High57.04
10 Day Low52.24
20 Day High61.14
20 Day Low50.6
52 Week High73.36
52 Week Low50.6
CS1 End51.83
CR1 Start54.81
Volume & EV
DER(3)3.93%
DER(5)3.34%
Volume1.76M
Volume Incr-12.29%
Vol(5)4.69M
Vol(50)5.13M