NORTH ENERGY ASA (NORTH.OL) Stock Technical Analysis
OSL:NORTH - Euronext Oslo - NO0010550056 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to NORTH. Both in the recent history as in the last year, NORTH has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: NORTH has an average volume of 7963 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that NORTH is one of the better performing stocks in the market, outperforming 78% of all stocks.
In the last month NORTH has a been trading in the 2.58 - 2.93 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
NORTH is part of the Capital Markets industry. There are 110 other stocks in this industry, NORTH did better than 57% of them.
NORTH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NORTH is lagging the market slightly.
NORTH has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 2.76, a Stop Loss order could be placed below this zone.
More info and screens
2.38
2.89
We found 3 important support areas.
- A support zone ranging from 2.63 to 2.76. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @2.53 from a trend line in the weekly time frame.
- A support zone ranging from 2.40 to 2.46. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- Resistance @2.86 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 NORTH.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NORTH.OL is up. |
| ChartMill Relative Strength | 78.48 | POSITIVE | NORTH.OL has a high relative strength, it outperformed 78.48% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NORTH.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NORTH.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NORTH.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.65 | NEUTRAL | The RSI value for NORTH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests NORTH.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.62 | NEUTRAL | The Stochastics value for NORTH.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for NORTH.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.84 | NEGATIVE | The low ADX value for NORTH.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 |
|---|---|---|---|
| 2.87 | 2.62 | 0.25 (8.71%) | 11.48% |
| An entry @2.87. This is a Buy Stop order right above the resistance zone. | An exit @2.62. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 0.25 points, which is 8.71%. | When investing 11.48% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:NORTH (6/18/2025, 3:56:02 PM)
2.8
-0.08 (-2.78%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryCapital Markets
Performance
% Chg-2.78%
1 Week0.72%
2 Weeks1.82%
1 Month3.7%
3 Month12%
6 Month5.26%
12 Month17.15%
2 Year30.23%
3 Year9.8%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.07
ATR(20)%2.55%
ATR Inc9.8%
Range Today0.05
ADR(20)0.04
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.48
Mansfield0.19
10 Day High2.93
10 Day Low2.63
20 Day High2.93
20 Day Low2.58
52 Week High3.15
52 Week Low2.31
CS1 End2.76
CR1 Start2.86
Volume & EV
DER(3)-28.3%
DER(5)-25.37%
Volume261
Volume Incr-49.25%
Vol(5)4.27K
Vol(50)7.96K