NORSKE SKOG ASA (NSKOG.OL) Stock Technical Analysis
OSL:NSKOG - Euronext Oslo - NO0010861115 - Common Stock - Currency: NOK
We assign a technical rating of 3 out of 10 to NSKOG. Recently some decent action could be observed, but in the medium term time frame this is still negative. NSKOG was also a bad performer in the overall market in the last year.
94% of all other stocks performed better in the past year than NSKOG.
NSKOG is part of the Paper & Forest Products industry. There are 11 other stocks in this industry, of which 100% are performing better than NSKOG.
NSKOG is currently trading in the lower part of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so NSKOG is lagging the market.
The short term trend is positive, while the long term trend is still negative. So this is evolving in the right direction, but it may need some more time to really turn around the trend.
In the last month NSKOG has a been trading in the 18.02 - 24.85 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although the technical rating is bad, NSKOG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is very little resistance above the current price. There is a support zone below the current price at 21.97, a Stop Loss order could be placed below this zone.
More info and screens
18.35
40.27
2 important support areas can be observed.
- A support zone ranging from 21.46 to 21.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @18.54 from a trend line in the daily time frame.
When analyzing the resistance we notice 5 important areas.
- Resistance @23.10 from a horizontal line in the weekly time frame.
- Resistance @23.84 from a trend line in the daily time frame.
- Resistance @24.30 from a horizontal line in the daily time frame.
- Resistance @24.88 from a horizontal line in the daily time frame.
- Resistance @39.87 from a trend line in the weekly 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 | DOWN | NEGATIVE | The long term trend for NSKOG.OL is down. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NSKOG.OL is up. |
| ChartMill Relative Strength | 6.05 | NEGATIVE | NSKOG.OL has a low relative strength, it was outperformed by 93.95% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NSKOG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of NSKOG.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of NSKOG.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.26 | NEUTRAL | The RSI value for NSKOG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests NSKOG.OL has a negative trend. |
| Stochastics (14,3) | 45.04 | NEUTRAL | The Stochastics value for NSKOG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.31 | HIGH VOLATILITY | The high ATR as a percentage value for NSKOG.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 24.73 | NEUTRAL | The ADX value for NSKOG.OL suggests a possible start of a new 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)
OSL:NSKOG (5/30/2025, 7:00:00 PM)
22.4
-0.3 (-1.32%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorMaterials
GICS IndustryPaper & Forest Products
Performance
% Chg-1.32%
1 Week-2.2%
2 Weeks-2.84%
1 Month23.75%
3 Month-17.16%
6 Month5.35%
12 Month-48.01%
2 Year-45.73%
3 Year-62.29%
5 Year-25.46%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.19
ATR(20)%5.31%
ATR Inc-62.55%
Range Today0.6
ADR(20)1.14
ADR(20)%5.09%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS6.05
Mansfield-2.43
10 Day High24.85
10 Day Low21.4
20 Day High24.85
20 Day Low18.02
52 Week High43.98
52 Week Low15
CS1 End21.97
CR1 Start23.1
Volume & EV
DER(3)-0.32%
DER(5)-0.66%
Volume177.13K
Volume Incr-12.41%
Vol(5)196.24K
Vol(50)230.11K