NORCONSULT AS (NORCO.OL) Stock Technical Analysis
OSL:NORCO - NO0013052209 - Common Stock
46.05 NOK
-0.25 (-0.54%)
We assign a technical rating of 8 out of 10 to NORCO. In the last year, NORCO was one of the better performers in the market. There are positive signs in the very recent evolution, but the medium term picture is slightly mixed.
The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
When comparing the yearly performance of all stocks, we notice that NORCO is one of the better performing stocks in the market, outperforming 73% of all stocks. On top of that, NORCO also shows a nice and consistent pattern of rising prices.
NORCO 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 NORCO is lagging the market slightly.
In the last month NORCO has a been trading in the 41.05 - 46.30 range, which is quite wide. It is currently trading near the high of this range.
NORCO is part of the Construction & Engineering industry. There are 41 other stocks in this industry, NORCO did better than 55% of them.
NORCO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 46.80. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 45.55, a Stop Loss order could be placed below this zone.
More info and screens
40.39
48.49
5 important support areas can be observed.
- Support @45.55 from a horizontal line in the daily time frame.
- A support zone ranging from 43.94 to 44.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 42.80 to 42.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @42.04 from a horizontal line in the daily time frame.
- Support @40.80 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @46.80 from a horizontal line in the daily time frame.
- 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 | NEUTRAL | NEUTRAL | The long term trend for NORCO.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NORCO.OL is up. |
| ChartMill Relative Strength | 73.47 | POSITIVE | NORCO.OL has a high relative strength, it outperformed 73.47% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NORCO.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NORCO.OL is above 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) | 62.62 | NEUTRAL | The RSI value for NORCO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.34 | POSITIVE | The MACD value suggests NORCO.OL has a positive trend. |
| Stochastics (14,3) | 87.79 | OVERBOUGHT | The high Stochastics value suggests NORCO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.45 | MEDIUM VOLATILITY | The ATR as a percentage value for NORCO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.17 | 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 |
|---|---|---|---|
| 46.81 | 45.54 | 1.27 (2.71%) | 25.00% |
| An entry @46.81. This is a Buy Stop order right above the resistance zone. | An exit @45.54. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.27 points, which is 2.71%. | For a 0.68% 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 (8/29/2025, 11:59:55 AM)
46.05
-0.25 (-0.54%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.54%
1 Week3.93%
2 Weeks8.56%
1 Month6.68%
3 Month2.43%
6 Month10.37%
12 Month30.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.36
ATR(20)%2.45%
ATR Inc-15.45%
Range Today0.5
ADR(20)1.05
ADR(20)%2.29%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS73.47
Mansfield-0.13
10 Day High46.3
10 Day Low41.05
20 Day High46.3
20 Day Low41.05
52 Week High48.4
52 Week Low33
CS1 End45.55
CR1 Start46.8
Volume & EV
DER(3)0.93%
DER(5)2.02%
Volume36.72K
Volume Incr30.74%
Vol(5)281.16K
Vol(50)210.07K