NORBIT ASA (NORBT.OL) Stock Technical Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to NORBT. In the last year, NORBT was one of the better performers, but we do observe some doubts in the very recent evolution.
In the last month NORBT has a been trading in the 198.00 - 225.00 range, which is quite wide. It is currently trading near the lows of this range.
Prices have been consolidating recently, but much resistance may still be present above.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, NORBT did better than 98% of all other stocks. We also observe that the gains produced by NORBT over the past year are nicely spread over this period.
NORBT is part of the Electronic Equipment, Instruments & Components industry. There are 48 other stocks in this industry. NORBT outperforms 97% of them.
NORBT 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 NORBT is lagging the market slightly.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, NORBT also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 216.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 205.99, a Stop Loss order could be placed below this zone.
More info and screens
123.10
220.70
We found 3 important support areas.
- A support zone ranging from 199.99 to 205.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @126.86 from a trend line in the daily time frame.
- Support @124.34 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 216.01 to 218.51. 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 NORBT.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NORBT.OL is neutral. |
| ChartMill Relative Strength | 98.56 | POSITIVE | NORBT.OL has a high relative strength, it outperformed 98.56% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NORBT.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NORBT.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NORBT.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 54.41 | NEUTRAL | The RSI value for NORBT.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -1.95 | NEGATIVE | The MACD value suggests NORBT.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 31.91 | NEUTRAL | The Stochastics value for NORBT.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.66 | MEDIUM VOLATILITY | The ATR as a percentage value for NORBT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 24.61 | NEUTRAL | The ADX value for NORBT.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 |
|---|---|---|---|
| 207.31 | 199.98 | 7.33 (3.54%) | 25.00% |
| An entry @207.31. This is a Buy Stop order right above the 10 day moving average. | An exit @199.98. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 7.33 points, which is 3.54%. | For a 0.88% 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 NORBT. 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:NORBT (7/11/2025, 7:00:00 PM)
206
+0.5 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.24%
1 Week-0.48%
2 Weeks-1.44%
1 Month-4.63%
3 Month75.47%
6 Month120.56%
12 Month143.5%
2 Year265.25%
3 Year654.58%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.29
ATR(20)%3.66%
ATR Inc-10.87%
Range Today7.5
ADR(20)7.36
ADR(20)%3.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.56
Mansfield6.2
10 Day High221.5
10 Day Low199.4
20 Day High225
20 Day Low198
52 Week High225
52 Week Low71
CS1 End205.99
CR1 Start216.01
Volume & EV
DER(3)-6.95%
DER(5)-5.64%
Volume106.29K
Volume Incr-49.97%
Vol(5)75.00K
Vol(50)196.06K