NORSKE SKOG ASA (NSKOG.OL) Stock Technical Analysis
OSL:NSKOG - Euronext Oslo - NO0010861115 - Common Stock - Currency: NOK
Taking everything into account, NSKOG scores 3 out of 10 in our technical rating. NSKOG scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
Although the technical rating is bad, NSKOG does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 24.15. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 22.44, a Stop Loss order could be placed below this zone.
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19.80
When analyzing the support we can see 3 important areas.
- A support zone ranging from 22.11 to 22.44. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @21.71 from a trend line in the weekly time frame.
- A support zone ranging from 20.00 to 20.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 24.15 to 24.88. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @39.19 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 | NEUTRAL | NEUTRAL | The long term trend for NSKOG.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for NSKOG.OL is neutral. |
| ChartMill Relative Strength | 17.3 | NEGATIVE | NSKOG.OL has a low relative strength, it was outperformed by 82.7% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of NSKOG.OL is below 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 | MIXED | The current price of NSKOG.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 47.46 | NEUTRAL | The RSI value for NSKOG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.1 | NEGATIVE | The MACD value suggests NSKOG.OL has a negative trend. |
| Stochastics (14,3) | 36.22 | NEUTRAL | The Stochastics value for NSKOG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.84 | MEDIUM VOLATILITY | The ATR as a percentage value for NSKOG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.17 | POSITIVE | The high ADX value value for NSKOG.OL suggests a strong trend. |
OSL:NSKOG (8/1/2025, 7:00:00 PM)
22.6
-0.9 (-3.83%)