OKEA ASA (OKEA.OL) Stock Technical Analysis
OSL:OKEA - Euronext Oslo - NO0010816895 - Common Stock - Currency: NOK
We assign a technical rating of 1 out of 10 to OKEA. OKEA'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, OKEA is a bad performer in the overall market: 80% of all stocks are doing better.
OKEA is part of the Oil, Gas & Consumable Fuels industry. There are 61 other stocks in this industry, of which 61% are performing better than OKEA.
OKEA 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.
OKEA is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
OKEA 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 resistance zone just above the current price starting at 17.53. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 17.31, a Stop Loss order could be placed below this zone.
More info and screens
16.65
21.64
2 important support areas can be observed.
- A support zone ranging from 17.15 to 17.31. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @16.82 from a horizontal line in the daily time frame.
5 important resistance areas can be observed.
- A resistance zone ranging from 17.53 to 17.85. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 18.52 to 18.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 19.26 to 19.50. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Resistance @21.09 from a trend line in the weekly time frame.
- Resistance @21.43 from a trend line in the daily 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 OKEA.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OKEA.OL is neutral. |
| ChartMill Relative Strength | 20.36 | NEGATIVE | OKEA.OL has a low relative strength, it was outperformed by 79.64% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of OKEA.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of OKEA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of OKEA.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.63 | NEUTRAL | The RSI value for OKEA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests OKEA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 32.37 | NEUTRAL | The Stochastics value for OKEA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.26 | MEDIUM VOLATILITY | The ATR as a percentage value for OKEA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 11.51 | NEGATIVE | The low ADX value for OKEA.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:OKEA (7/11/2025, 7:00:00 PM)
17.5
+0.12 (+0.69%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.69%
1 Week0.81%
2 Weeks2.94%
1 Month-5.41%
3 Month10.34%
6 Month-24.89%
12 Month-23.04%
2 Year-54.19%
3 Year-56.9%
5 Year99.77%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.47
ATR(20)%3.26%
ATR Inc-24.07%
Range Today0.3
ADR(20)0.51
ADR(20)%2.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS20.36
Mansfield-1.85
10 Day High17.72
10 Day Low16.88
20 Day High19.5
20 Day Low16.78
52 Week High24.9
52 Week Low14.66
CS1 End17.31
CR1 Start17.53
Volume & EV
DER(3)-0.66%
DER(5)0.79%
Volume132.72K
Volume Incr-25.56%
Vol(5)178.99K
Vol(50)223.03K