NORTHERN OCEAN LTD (NOL.OL) Stock Technical Analysis
OSL:NOL - Euronext Oslo - BMG6682J1036 - Common Stock - Currency: NOK
Taking everything into account, NOL scores 0 out of 10 in our technical rating. NOL'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.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
81% of all other stocks performed better in the past year than NOL.
NOL is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, of which 60% are performing better than NOL.
NOL is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month NOL has a been trading in the 5.65 - 6.20 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
NOL has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 5.93. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.84, a Stop Loss order could be placed below this zone.
More info and screens
5.24
7.00
When analyzing the support we can see 2 important areas.
- A support zone ranging from 5.67 to 5.84. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @5.29 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 5.93 to 6.10. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 6.60 to 6.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.93 from a trend line in the weekly time frame.
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 NOL.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NOL.OL is neutral. |
| ChartMill Relative Strength | 19.94 | NEGATIVE | NOL.OL has a low relative strength, it was outperformed by 80.06% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NOL.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of NOL.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NOL.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.71 | NEUTRAL | The RSI value for NOL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NOL.OL has a positive trend. |
| Stochastics (14,3) | 34.55 | NEUTRAL | The Stochastics value for NOL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.1 | MEDIUM VOLATILITY | The ATR as a percentage value for NOL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.37 | NEGATIVE | The low ADX value for NOL.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:NOL (7/17/2025, 7:00:00 PM)
5.88
+0.08 (+1.38%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.38%
1 Week0%
2 Weeks0.51%
1 Month-1.18%
3 Month5%
6 Month-24.62%
12 Month-18.45%
2 Year-57.7%
3 Year-50.17%
5 Year-3.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.16
ATR(20)%3.1%
ATR Inc15.63%
Range Today0.24
ADR(20)0.17
ADR(20)%2.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS19.94
Mansfield-2.18
10 Day High6
10 Day Low5.65
20 Day High6.2
20 Day Low5.65
52 Week High9.03
52 Week Low4.91
CS1 End5.84
CR1 Start5.93
Volume & EV
DER(3)0%
DER(5)0%
Volume26.84K
Volume Incr-68.57%
Vol(5)27.23K
Vol(50)49.98K