SPAREBANK 1 NORD-NORGE (NONG.OL) Stock Technical Analysis
OSL:NONG - Euronext Oslo - NO0006000801 - Common Stock - Currency: NOK
Overall NONG gets a technical rating of 10 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NONG is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NONG is one of the better performing stocks in the market, outperforming 88% of all stocks. We also observe that the gains produced by NONG over the past year are nicely spread over this period.
NONG is part of the Banks industry. There are 92 other stocks in this industry. NONG outperforms 72% of them.
NONG is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so NONG is performing more or less in line with the market.
NONG is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, NONG also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
93.26
151.29
When analyzing the support we can see 7 important areas.
- Support @144.25 from a horizontal line in the daily time frame.
- Support @131.27 from a trend line in the weekly time frame.
- Support @126.37 from a horizontal line in the weekly time frame.
- Support @123.49 from a trend line in the daily time frame.
- Support @118.22 from a horizontal line in the daily time frame.
- Support @102.53 from a trend line in the weekly time frame.
- Support @94.20 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 149.79 to 149.79. 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 NONG.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NONG.OL is up. |
| ChartMill Relative Strength | 88.37 | POSITIVE | NONG.OL has a high relative strength, it outperformed 88.37% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NONG.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NONG.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NONG.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 53.35 | NEUTRAL | The RSI value for NONG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests NONG.OL has a negative trend. |
| Stochastics (14,3) | 39.7 | NEUTRAL | The Stochastics value for NONG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.99 | LOW VOLATILITY | The low ATR as a percentage value for NONG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.23 | NEUTRAL | The ADX value for NONG.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)
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 |
|---|---|---|---|
| 146.62 | 144.24 | 2.38 (1.63%) | 25.00% |
| An entry @146.62. This is a Buy Stop order right above the 10 day moving average. | An exit @144.24. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 2.38 points, which is 1.63%. | For a 0.41% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of NONG. Please evaluate whether better entry and exit points can be found.
- 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:NONG (5/28/2025, 7:00:00 PM)
144.26
-1.06 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.73%
1 Week-3.12%
2 Weeks-1.34%
1 Month5.13%
3 Month8.68%
6 Month22.03%
12 Month43.97%
2 Year58.53%
3 Year54.79%
5 Year124.36%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.97
ATR(20)%1.99%
ATR Inc-33.64%
Range Today2.5
ADR(20)2.63
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS88.37
Mansfield1.82
10 Day High150.54
10 Day Low143.4
20 Day High150.54
20 Day Low137.34
52 Week High150.54
52 Week Low95.74
CS1 End144.25
CR1 Start149.79
Volume & EV
DER(3)0.29%
DER(5)-0.02%
Volume54.98K
Volume Incr-32.27%
Vol(5)71.23K
Vol(50)113.44K