NORBIT ASA (NORBT.OL) Stock Technical Analysis
OSL:NORBT - Euronext Oslo - NO0010856511 - Common Stock - Currency: NOK
We assign a technical rating of 10 out of 10 to NORBT. Both in the recent history as in the last year, NORBT has proven to be a steady performer, scoring decent points in every aspect analyzed.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that NORBT is one of the better performing stocks in the market, outperforming 98% of all 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 51 other stocks in this industry. NORBT outperforms 98% of them.
NORBT is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so NORBT is leading the market.
NORBT 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.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
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. There is very little resistance above the current price.
More info and screens
89.30
197.76
We found 5 important support areas.
- A support zone ranging from 187.86 to 188.99. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 118.25 to 118.26. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @114.70 from a trend line in the daily time frame.
- Support @94.00 from a horizontal line in the daily time frame.
- Support @90.20 from a horizontal line in the daily 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 | UP | POSITIVE | The long term trend for NORBT.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NORBT.OL is up. |
| ChartMill Relative Strength | 98.91 | POSITIVE | NORBT.OL has a high relative strength, it outperformed 98.91% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NORBT.OL is above the rising 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) | 81.05 | OVERBOUGHT | The high RSI value suggests NORBT.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.32 | POSITIVE | The MACD value suggests NORBT.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.92 | OVERBOUGHT | The high Stochastics value suggests NORBT.OL may be overbought. |
| Average True Range in percent/ATR (20) | 3.91 | MEDIUM VOLATILITY | The ATR as a percentage value for NORBT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 46.87 | POSITIVE | The high ADX value value for NORBT.OL suggests a strong 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 |
|---|---|---|---|
| 198.41 | 187.85 | 10.56 (5.32%) | 18.79% |
| An entry @198.41. This is a Buy Stop order right above the 10 day high. | An exit @187.85. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 10.56 points, which is 5.32%. | When investing 18.79% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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 (5/28/2025, 7:00:00 PM)
195.8
+5 (+2.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg2.62%
1 Week0.31%
2 Weeks15.04%
1 Month41.07%
3 Month74.82%
6 Month103.32%
12 Month195.32%
2 Year257.3%
3 Year612%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.77
ATR(20)%3.91%
ATR Inc-28.83%
Range Today8.6
ADR(20)6.28
ADR(20)%3.21%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS98.91
Mansfield8.6
10 Day High198.4
10 Day Low174.8
20 Day High198.4
20 Day Low138.8
52 Week High198.4
52 Week Low64.6
CS1 End188.99
CR1 StartN/A
Volume & EV
DER(3)-2.12%
DER(5)-3.01%
Volume226.05K
Volume Incr36.16%
Vol(5)245.27K
Vol(50)155.20K