NORTHERN OCEAN LTD (NOL.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:NOL - BMG6682J1036 - Common Stock
Overall NOL gets a technical rating of 7 out of 10. Although NOL is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- NOL is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 78% of 39 stocks in the same industry.
- NOL is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so NOL is lagging the market slightly.
- In the last month NOL has a been trading in the 8.36 - 8.94 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.
- When comparing the yearly performance of all stocks, we notice that NOL is one of the better performing stocks in the market, outperforming 78% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NOL also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 8.76. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 8.56, a Stop Loss order could be placed below this zone.
More info and screens
5.61
4 important support areas can be observed.
- A support zone ranging from 8.37 to 8.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 6.04 to 6.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @5.80 from a horizontal line in the daily time frame.
- Support @5.67 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 8.76 to 8.95. 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 NOL.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NOL.OL is up. |
| ChartMill Relative Strength | 78.26 | POSITIVE | NOL.OL has a high relative strength, it outperformed 78.26% 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) | UP | POSITIVE | The current price of NOL.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NOL.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.35 | NEUTRAL | The RSI value for NOL.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests NOL.OL has a negative trend. |
| Stochastics (14,3) | 73.48 | NEUTRAL | The Stochastics value for NOL.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.38 | MEDIUM VOLATILITY | The ATR as a percentage value for NOL.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 47.39 | POSITIVE | The high ADX value value for NOL.OL suggests a strong trend. |
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 |
|---|---|---|---|
| 8.96 | 8.36 | 0.60 (6.70%) | 14.93% |
| An entry @8.96. This is a Buy Stop order right above the resistance zone. | An exit @8.36. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 0.60 points, which is 6.70%. | For a 1.00% total portfolio risk, you can invest 14.93% of your capital in this trade. |
- 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:NOL (1/16/2026, 7:00:00 PM)
8.6
-0.15 (-1.71%)
NORTHERN OCEAN LTD / NOL.OL FAQ
What is the technical rating for NOL stock?
ChartMill assigns a technical rating of 7 / 10 to NOL.OL.
Can you provide the trend direction for NORTHERN OCEAN LTD?
The current trend direction for NORTHERN OCEAN LTD (NOL.OL) is Bullish.
What is the RSI signal for NOL stock?
NORTHERN OCEAN LTD (NOL.OL) has an RSI value of 56.3499. This indicates that the stock is currently neutral.
What is the short term momentum for NOL stock?
The short term momentum for NORTHERN OCEAN LTD (NOL.OL) is positive.
What is the buy/sell signal for NOL stock?
The buy/sell signal for NORTHERN OCEAN LTD (NOL.OL) is buy as both the short term and long term trends are positive.