NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
OSL:NHY - Euronext Oslo - NO0005052605 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to NHY. NHY has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
The long and short term trends are both positive. This is looking good!
In the last month NHY has a been trading in the 60.08 - 64.90 range, which is quite wide. It is currently trading near the high of this range.
NHY has an average volume of 3756580 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When compared to the yearly performance of all other stocks, NHY outperforms 64% of them, which is more or less in line with the market.
NHY is part of the Metals & Mining industry. There are 40 other stocks in this industry, NHY did better than 53% 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.
NHY has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 62.94, a Stop Loss order could be placed below this zone.
More info and screens
54.05
73.25
We found 4 important support areas.
- A support zone ranging from 61.55 to 62.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @57.58 from a trend line in the daily time frame.
- Support @56.22 from a trend line in the weekly time frame.
- Support @54.60 from a horizontal line in the daily time frame.
2 important resistance areas can be observed.
- Resistance @69.76 from a horizontal line in the daily time frame.
- A resistance zone ranging from 71.60 to 72.52. 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 | 64.99 | 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) | DOWN | MIXED | The current price of NHY.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 67.91 | NEUTRAL | The RSI value for NHY.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests NHY.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 66.82 | NEUTRAL | The Stochastics value for NHY.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.96 | LOW VOLATILITY | The low ATR as a percentage value for NHY.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 32.39 | POSITIVE | The high ADX value value for NHY.OL suggests a strong 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)
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.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 64.69 | 60.65 | 4.04 (6.25%) | 16.01% |
| An entry @64.69. This is a Buy Stop order right above the 10 day high. | An exit @60.65. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.04 points, which is 6.25%. | When investing 16.01% 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.
OSL:NHY (8/8/2025, 7:00:00 PM)
64.34
+0.9 (+1.42%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryMetals & Mining
Performance
% Chg1.42%
1 Week4.52%
2 Weeks0.81%
1 Month4.99%
3 Month12.72%
6 Month-5.08%
12 Month13.16%
2 Year8.87%
3 Year-6.07%
5 Year130.69%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.33
ATR(20)%1.96%
ATR Inc-1.05%
Range Today1.1
ADR(20)1.11
ADR(20)%1.73%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.99
Mansfield-0.58
10 Day High64.68
10 Day Low60.66
20 Day High64.9
20 Day Low60.08
52 Week High73.36
52 Week Low50.6
CS1 End62.94
CR1 Start69.76
Volume & EV
DER(3)-0.54%
DER(5)0.62%
Volume2.62M
Volume Incr-3.72%
Vol(5)3.20M
Vol(50)3.76M