NORTHERN OCEAN LTD (NOL.OL) Stock Technical Analysis
OSL:NOL - Euronext Oslo - BMG6682J1036 - Common Stock - Currency: NOK
Overall NOL gets a technical rating of 0 out of 10. 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 long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
When comparing the yearly performance of all stocks, NOL is a bad performer in the overall market: 92% of all stocks are doing better.
NOL is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry, of which 82% are performing better than NOL.
NOL is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NOL is lagging the market.
Warning: NOL has an average volume of 26784 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month NOL has a been trading in the 5.55 - 6.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is bad, NOL does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 6.18. Right above this resistance zone may be a good entry point.
More info and screens
5.24
7.39
2 important support areas can be observed.
- Support @5.79 from a trend line in the daily time frame.
- Support @5.29 from a horizontal line in the daily time frame.
We can see 4 important resistance areas.
- A resistance zone ranging from 6.18 to 6.40. 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 @6.84 from a trend line in the daily time frame.
- Resistance @7.32 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 | 8.92 | NEGATIVE | NOL.OL has a low relative strength, it was outperformed by 91.08% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NOL.OL is below 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) | 43.57 | NEUTRAL | The RSI value for NOL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NOL.OL has a negative trend. |
| Stochastics (14,3) | 40.95 | NEUTRAL | The Stochastics value for NOL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 6.17 | HIGH VOLATILITY | The high ATR as a percentage value for NOL.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 22.81 | NEUTRAL | The ADX value for NOL.OL suggests a possible start of a new 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 (5/28/2025, 7:00:00 PM)
5.85
-0.25 (-4.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-4.1%
1 Week-2.17%
2 Weeks-9.72%
1 Month0%
3 Month-13.97%
6 Month-33.22%
12 Month-37.57%
2 Year-50.26%
3 Year-60.9%
5 Year-10%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.36
ATR(20)%6.17%
ATR Inc36.65%
Range Today0.43
ADR(20)0.34
ADR(20)%5.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS8.92
Mansfield-1.97
10 Day High6.48
10 Day Low5.55
20 Day High6.6
20 Day Low5.55
52 Week High10.06
52 Week Low4.91
CS1 End5.79
CR1 Start6.18
Volume & EV
DER(3)0%
DER(5)0%
Volume1.60K
Volume Incr-28.9%
Vol(5)9.42K
Vol(50)26.78K