GLOBAL X MSCI NORWAY ETF (NORW) Stock Technical Analysis
USA - NYSEARCA:NORW - US37950E1010 - ETF
29.93 USD
+0.66 (+2.25%)
Taking everything into account, NORW scores 4 out of 10 in our technical rating. NORW has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: NORW has an average volume of 8962 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
NORW 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 NORW is lagging the market slightly.
In the last month NORW has a been trading in the 29.00 - 30.97 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
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 comparing the performance of all stocks over the past year, NORW turns out to be only a medium performer in the overall market: it outperformed 68% of all stocks.
NORW has an average technical rating and it also does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
23.32
31.06
4 important support areas can be observed.
- A support zone ranging from 29.48 to 29.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 28.45 to 28.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @24.30 from a horizontal line in the weekly time frame.
- Support @23.56 from a horizontal line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 30.08 to 30.75. This zone is formed by a combination of multiple trend lines and important moving averages 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 NORW is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for NORW is down. |
| ChartMill Relative Strength | 68.51 | NEUTRAL | NORW is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of NORW is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NORW is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NORW is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 40.69 | NEUTRAL | The RSI value for NORW is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.15 | NEGATIVE | The MACD value suggests NORW has a negative trend. |
| Stochastics (14,3) | 17.34 | OVERSOLD | The low Stochastics value suggests NORW may be oversold. |
| Average True Range in percent/ATR (20) | 1.62 | LOW VOLATILITY | The low ATR as a percentage value for NORW suggests low volalility. |
| Average Directional Index/ADX (14) | 17.35 | NEGATIVE | The low ADX value for NORW 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)
NYSEARCA:NORW (10/15/2025, 9:35:41 AM)
29.93
+0.66 (+2.25%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg2.25%
1 Week-2.6%
2 Weeks-3.11%
1 Month-4.79%
3 Month2.56%
6 Month13.01%
12 Month15.42%
2 Year25.06%
3 Year19.95%
5 Year204.74%
10 Year171.77%
15 YearN/A
Volatility
ATR(14)0.53
ATR(20)%1.62%
ATR Inc51.65%
Range Today0
ADR(20)0.42
ADR(20)%1.41%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS68.51
Mansfield-0.18
10 Day High30.78
10 Day Low29
20 Day High30.97
20 Day Low29
52 Week High31.05
52 Week Low22.84
CS1 End28.51
CR1 Start29.48
Volume & EV
DER(3)3.64%
DER(5)-1.01%
Volume142
Volume Incr38.45%
Vol(5)11.18K
Vol(50)8.96K