Logo image of NHY.OL

NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis

OSL:NHY - Euronext Oslo - NO0005052605 - Common Stock - Currency: NOK

60.94  +0.24 (+0.4%)

Technical Rating and Analysis

6

Taking everything into account, NHY scores 6 out of 10 in our technical rating. In the past year, NHY was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.

The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
In the last month NHY has a been trading in the 54.64 - 62.04 range, which is quite wide. It is currently trading near the high of this range.
NHY has an average volume of 3846220 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, NHY turns out to be only a medium performer in the overall market: it outperformed 44% of all stocks.
NHY is part of the Metals & Mining industry. There are 40 other stocks in this industry, NHY did better than 48% of them.
NHY is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so NHY is lagging the market.
Weekly and Daily overview Charts
NORSK HYDRO ASA / NHY Weekly stock chart
NORSK HYDRO ASA / NHY Daily stock chart
Setup Rating and Analysis

6

NHY has an average technical rating and the quality of the presented setup is also 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.

Support and Resistance Analysis

51.31

72.52

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 55.59 to 56.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @54.60 from a horizontal line in the daily time frame.
  • Support @51.83 from a horizontal line in the daily time frame.

We can see 3 important resistance areas.

  • A resistance zone ranging from 61.29 to 61.33. 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 71.60 to 71.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorNEUTRALNEUTRALThe long term trend for NHY.OL is neutral.
ChartMill Short Term Trend IndicatorUPPOSITIVEThe short term trend for NHY.OL is up.
ChartMill Relative Strength44.47NEUTRALNHY.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPPOSITIVEThe current price of NHY.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of NHY.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)DOWNNEGATIVEThe current price of NHY.OL is below a declining SMA(200).
Relative Strength Index/RSI (14)66.81NEUTRALThe RSI value for NHY.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)0.38POSITIVEThe MACD value suggests NHY.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)86.54OVERBOUGHTThe high Stochastics value suggests NHY.OL may be overbought.
Average True Range in percent/ATR (20)1.9LOW VOLATILITYThe low ATR as a percentage value for NHY.OL suggests low volalility.
Average Directional Index/ADX (14)29.05POSITIVEThe high ADX value value for NHY.OL suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
61.3457.114.23 (6.90%)14.50%
An entry @61.34. This is a Buy Stop order right above the resistance zone.An exit @57.11. This is a Stop Loss order right below the 10 day low.The trade has a worst case loss of 4.23 points, which is 6.90%.When investing 14.50% of your capital in this trade, your total portfolio risk will be 1.00%.

  • 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.
NORSK HYDRO ASA / NHY Daily stock chart

NORSK HYDRO ASA

OSL:NHY (7/15/2025, 4:19:56 PM)

60.94

+0.24 (+0.4%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg0.4%
1 Week2.4%
2 Weeks5.49%
1 Month7.51%
3 Month14.88%
6 Month-11.64%
12 Month-4.41%
2 Year-8.58%
3 Year-6.7%
5 Year138.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.22
ATR(20)%1.9%
ATR Inc-38.26%
Range Today0.72
ADR(20)1.1
ADR(20)%1.8%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS44.47
Mansfield-0.97
10 Day High62.04
10 Day Low57.12
20 Day High62.04
20 Day Low54.64
52 Week High73.36
52 Week Low50.6
CS1 End56.92
CR1 Start61.29
Volume & EV
DER(3)-2.47%
DER(5)-1.58%
Volume820.41K
Volume Incr-31.52%
Vol(5)2.72M
Vol(50)3.85M