NORCONSULT AS (NORCO.OL) Stock Technical Analysis
OSL:NORCO - Euronext Oslo - NO0013052209 - Common Stock - Currency: NOK
Overall NORCO gets a technical rating of 7 out of 10. In the last year, NORCO was one of the better performers, but we do observe some doubts in the very recent evolution.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that NORCO is one of the better performing stocks in the market, outperforming 82% of all stocks.
NORCO 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 NORCO is performing more or less in line with the market.
NORCO is an average performer in the Construction & Engineering industry, it outperforms 53% of 40 stocks in the same industry.
In the last month NORCO has a been trading in a tight range between 44.85 and 47.35.
Besides having an excellent technical rating, NORCO also presents a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
40.39
48.49
We found 4 important support areas.
- Support @44.62 from a trend line in the daily time frame.
- Support @42.80 from a horizontal line in the daily time frame.
- A support zone ranging from 41.54 to 41.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @40.80 from a horizontal line in the daily time frame.
We can see 2 important resistance areas.
- A resistance zone ranging from 45.49 to 45.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 48.01 to 48.01. 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 NORCO.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NORCO.OL is neutral. |
| ChartMill Relative Strength | 82.28 | POSITIVE | NORCO.OL has a high relative strength, it outperformed 82.28% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NORCO.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of NORCO.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NORCO.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 43.65 | NEUTRAL | The RSI value for NORCO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests NORCO.OL has a negative trend. |
| Stochastics (14,3) | 17.36 | OVERSOLD | The low Stochastics value suggests NORCO.OL may be oversold. |
| Average True Range in percent/ATR (20) | 1.94 | LOW VOLATILITY | The low ATR as a percentage value for NORCO.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 11.75 | NEGATIVE | The low ADX value for NORCO.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 |
|---|---|---|---|
| 45.88 | 44.84 | 1.04 (2.27%) | 25.00% |
| An entry @45.88. This is a Buy Stop order right above the resistance zone. | An exit @44.84. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.04 points, which is 2.27%. | For a 0.57% 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 NORCO. 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:NORCO (6/20/2025, 4:19:50 PM)
44.75
-0.3 (-0.67%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.67%
1 Week-1.21%
2 Weeks-2.49%
1 Month-3.64%
3 Month2.74%
6 Month5.01%
12 Month32.89%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.89
ATR(20)%1.94%
ATR Inc4.44%
Range Today0.5
ADR(20)0.81
ADR(20)%1.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS82.28
Mansfield0.7
10 Day High47.25
10 Day Low44.85
20 Day High47.35
20 Day Low44.85
52 Week High48.4
52 Week Low29.1
CS1 End44.62
CR1 Start45.49
Volume & EV
DER(3)-2.9%
DER(5)-2.1%
Volume79.70K
Volume Incr20.44%
Vol(5)265.13K
Vol(50)262.75K