NORBIT ASA (NORBT.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:NORBT • NO0010856511
We assign a technical rating of 7 out of 10 to NORBT. In the past year, NORBT was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
- The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
- When comparing the yearly performance of all stocks, we notice that NORBT is one of the better performing stocks in the market, outperforming 89% of all stocks. On top of that, NORBT also shows a nice and consistent pattern of rising prices.
- NORBT is part of the Electronic Equipment, Instruments & Components industry. There are 57 other stocks in this industry. NORBT outperforms 80% 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.
- In the last month NORBT has a been trading in the 173.00 - 192.80 range, which is quite wide. It is currently trading near the high of this range.
Although NORBT has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
153.27
We found 4 important support areas.
- Support @189.36 from a trend line in the weekly time frame.
- A support zone ranging from 175.80 to 185.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @166.19 from a horizontal line in the daily time frame.
- Support @154.82 from a trend line in the weekly time frame.
When analyzing the resistance we notice 4 important areas.
- A resistance zone ranging from 194.01 to 194.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @197.37 from a trend line in the daily time frame.
- A resistance zone ranging from 208.50 to 208.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @218.50 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 | NEUTRAL | NEUTRAL | The long term trend for NORBT.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NORBT.OL is up. |
| ChartMill Relative Strength | 89.51 | POSITIVE | NORBT.OL has a high relative strength, it outperformed 89.51% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of NORBT.OL is above 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) | 58.84 | NEUTRAL | The RSI value for NORBT.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.57 | POSITIVE | The MACD value suggests NORBT.OL has a positive trend. |
| Stochastics (14,3) | 74.02 | NEUTRAL | The Stochastics value for NORBT.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.43 | MEDIUM VOLATILITY | The ATR as a percentage value for NORBT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 9.15 | NEGATIVE | The low ADX value for NORBT.OL suggests a weak or negative trend. |
OSL:NORBT (2/6/2026, 7:00:00 PM)
190.8
+7 (+3.81%)
NORBIT ASA / NORBT.OL FAQ
What is the ChartMill technical rating of NORBIT ASA (NORBT.OL) stock?
ChartMill assigns a technical rating of 7 / 10 to NORBT.OL.
Can you provide the trend direction for NORBIT ASA?
The current trend direction for NORBIT ASA (NORBT.OL) is Bearish.
What is the RSI signal for NORBIT ASA (NORBT.OL) stock?
NORBIT ASA (NORBT.OL) has an RSI value of 58.8358. This indicates that the stock is currently neutral.
What are the support and resistance levels for NORBIT ASA (NORBT.OL) stock?
NORBIT ASA (NORBT.OL) has a support level at 189.36 and a resistance level at 194.01. Check the full technical report for our detailed analysis of NORBT.OL support and resistance levels.