NORBIT ASA (NORBT.OL) Stock Technical Analysis
OSL:NORBT - NO0010856511 - Common Stock
194.2 NOK
-0.4 (-0.21%)
We assign a technical rating of 6 out of 10 to NORBT. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still 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 95% of all stocks. We also observe that the gains produced by NORBT over the past year are nicely spread over this period.
NORBT is one of the better performing stocks in the Electronic Equipment, Instruments & Components industry, it outperforms 88% of 53 stocks in the same industry.
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.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
In the last month NORBT has a been trading in the 186.00 - 210.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is only medium, NORBT does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for NORBT in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
131.15
220.69
When analyzing the support we can see 4 important areas.
- Support @194.19 from a horizontal line in the weekly time frame.
- A support zone ranging from 188.00 to 190.39. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @138.33 from a trend line in the daily time frame.
- Support @132.47 from a trend line in the weekly time frame.
3 important resistance areas can be observed.
- A resistance zone ranging from 196.09 to 205.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 208.50 to 209.01. 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 | UP | POSITIVE | The long term trend for NORBT.OL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NORBT.OL is down. |
| ChartMill Relative Strength | 95.73 | POSITIVE | NORBT.OL has a high relative strength, it outperformed 95.73% 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) | DOWN | NEGATIVE | The current price of NORBT.OL is below a declining 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) | 43.31 | NEUTRAL | The RSI value for NORBT.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests NORBT.OL has a negative trend. |
| Stochastics (14,3) | 37.78 | NEUTRAL | The Stochastics value for NORBT.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.2 | MEDIUM VOLATILITY | The ATR as a percentage value for NORBT.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.04 | NEGATIVE | The low ADX value for NORBT.OL suggests a weak or negative 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 |
|---|---|---|---|
| 200.30 | 194.18 | 6.12 (3.06%) | 25.00% |
| An entry @200.30. This is a Buy Stop order right above the 10 day moving average. | An exit @194.18. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 6.12 points, which is 3.06%. | For a 0.76% 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 (9/5/2025, 7:00:00 PM)
194.2
-0.4 (-0.21%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.21%
1 Week-4.57%
2 Weeks-1.12%
1 Month-4.33%
3 Month-2.9%
6 Month76.55%
12 Month121.19%
2 Year267.8%
3 Year679.92%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.11
ATR(20)%4.2%
ATR Inc-51.56%
Range Today3.2
ADR(20)7.92
ADR(20)%4.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.73
Mansfield3.09
10 Day High210
10 Day Low191.6
20 Day High210
20 Day Low186
52 Week High228
52 Week Low82
CS1 End194.19
CR1 Start196.09
Volume & EV
DER(3)3.53%
DER(5)2.5%
Volume57.36K
Volume Incr-41.31%
Vol(5)75.50K
Vol(50)104.56K