OKEANIS ECO TANKERS CORP (OET.OL) Stock Technical Analysis
OSL:OET - Euronext Oslo - MHY641771016 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to OET. OET's overall performance in the market is below average. Also recent evolutions are not that positive. Both the medium and short term picture give negative signs.
The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
When comparing the yearly performance of all stocks, OET is a bad performer in the overall market: 90% of all stocks are doing better.
OET is one of the lesser performing stocks in the Oil, Gas & Consumable Fuels industry. 66% of 61 stocks in the same industry do better.
OET is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month OET has a been trading in the 213.50 - 250.00 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
OET 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. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
216.32
260.09
When analyzing the support we can see 2 important areas.
- A support zone ranging from 230.67 to 236.51. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 218.50 to 221.36. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- Resistance @245.00 from a horizontal line in the daily time frame.
- A resistance zone ranging from 256.01 to 257.51. This zone is formed by a combination of multiple trend lines 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 | DOWN | NEGATIVE | The long term trend for OET.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OET.OL is neutral. |
| ChartMill Relative Strength | 10.16 | NEGATIVE | OET.OL has a low relative strength, it was outperformed by 89.84% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OET.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of OET.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OET.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 46.35 | NEUTRAL | The RSI value for OET.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.43 | NEGATIVE | The MACD value suggests OET.OL has a negative trend. |
| Stochastics (14,3) | 41.02 | NEUTRAL | The Stochastics value for OET.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.5 | MEDIUM VOLATILITY | The ATR as a percentage value for OET.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.73 | NEGATIVE | The low ADX value for OET.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)
OSL:OET (7/23/2025, 4:19:56 PM)
241.5
+11.5 (+5%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg5%
1 Week-3.16%
2 Weeks-5.54%
1 Month0.66%
3 Month-3.36%
6 Month-8.37%
12 Month-31.95%
2 Year-6.5%
3 Year86.69%
5 Year292.49%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.39
ATR(20)%3.5%
ATR Inc-36.36%
Range Today9.5
ADR(20)7.53
ADR(20)%3.12%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS10.16
Mansfield-2.05
10 Day High244
10 Day Low227.5
20 Day High250
20 Day Low213.5
52 Week High376.5
52 Week Low185
CS1 End221.36
CR1 Start230.67
Volume & EV
DER(3)0.32%
DER(5)1.12%
Volume9.16K
Volume Incr-52.33%
Vol(5)25.63K
Vol(50)57.29K