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GLOBAL X MSCI NORWAY ETF (NORW) Stock Technical Analysis

NYSEARCA:NORW - NYSE Arca - US37950E1010 - ETF - Currency: USD

28.48  -0.02 (-0.08%)

Technical Rating and Analysis

3

Taking everything into account, NORW scores 3 out of 10 in our technical rating. In the last year, NORW was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.

Warning: NORW has an average volume of 17424 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When compared to the yearly performance of all other stocks, NORW outperforms 67% of them, which is more or less in line with the market.
NORW 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 NORW is lagging the market slightly.
In the last month NORW has a been trading in a tight range between 28.21 and 29.84.
Weekly and Daily overview Charts
GLOBAL X MSCI NORWAY ETF / NORW Weekly stock chart
GLOBAL X MSCI NORWAY ETF / NORW Daily stock chart
Setup Rating and Analysis

8

NORW has a bad technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 28.47, a Stop Loss order could be placed below this zone.

Support and Resistance Analysis

23.27

29.52

When analyzing the support we can see 3 important areas.

  • A support zone ranging from 28.45 to 28.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
  • A support zone ranging from 24.12 to 24.30. This zone is formed by a combination of multiple trend lines in the weekly time frame.
  • A support zone ranging from 23.50 to 23.56. This zone is formed by a combination of multiple trend lines in multiple time frames.

When analyzing the resistance we notice one important area.

  • A resistance zone ranging from 28.51 to 29.23. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Technical Indicator Signal Analysis

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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for NORW is up.
ChartMill Short Term Trend IndicatorDOWNNEGATIVEThe short term trend for NORW is down.
ChartMill Relative Strength67.31NEUTRALNORW is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)DOWNNEGATIVEThe current price of NORW is below a declining SMA(20).
Simple Moving Average/SMA (50)DOWNNEGATIVEThe current price of NORW is below a declining SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of NORW is above the rising SMA(200).
Relative Strength Index/RSI (14)40.84NEUTRALThe RSI value for NORW is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.06NEGATIVEThe MACD value suggests NORW has a negative trend.
Stochastics (14,3)16.8OVERSOLDThe low Stochastics value suggests NORW may be oversold.
Average True Range in percent/ATR (20)1.79LOW VOLATILITYThe low ATR as a percentage value for NORW suggests low volalility.
Average Directional Index/ADX (14)14.48NEGATIVEThe low ADX value for NORW suggests a weak or negative trend.
Chart- and CandleStick Pattern Analysis
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)
GLOBAL X MSCI NORWAY ETF / NORW Daily stock chart

GLOBAL X MSCI NORWAY ETF

NYSEARCA:NORW (8/1/2025, 8:04:00 PM)

28.48

-0.02 (-0.08%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.08%
1 Week-2.41%
2 Weeks-0.21%
1 Month-3.63%
3 Month4.9%
6 Month14.06%
12 Month14.67%
2 Year18.47%
3 Year4.67%
5 Year156.35%
10 Year160.81%
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%1.79%
ATR Inc-12.45%
Range Today0.44
ADR(20)0.45
ADR(20)%1.57%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.31
Mansfield0.16
10 Day High29.54
10 Day Low28.21
20 Day High29.84
20 Day Low28.21
52 Week High31.05
52 Week Low22.84
CS1 End28.47
CR1 Start28.51
Volume & EV
DER(3)-4.67%
DER(5)1.65%
Volume4.40K
Volume Incr10.01%
Vol(5)12.36K
Vol(50)17.42K