OKEA ASA (OKEA.OL) Stock Technical Analysis
Europe - OSL:OKEA - NO0010816895 - Common Stock
We assign a technical rating of 5 out of 10 to OKEA. In the last year, OKEA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, OKEA does present a nice setup opportunity. Prices have been consolidating lately. 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 19.18. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 18.36, a Stop Loss order could be placed below this zone.
More info and screens
16.61
3 important support areas can be observed.
- A support zone ranging from 18.15 to 18.36. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @17.32 from a horizontal line in the daily time frame.
- A support zone ranging from 16.78 to 16.82. This zone is formed by a combination of multiple trend lines in the daily time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 19.18 to 19.50. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @19.97 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 OKEA.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for OKEA.OL is neutral. |
| ChartMill Relative Strength | 20.01 | NEGATIVE | OKEA.OL has a low relative strength, it was outperformed by 79.99% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of OKEA.OL is above the rising 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 | MIXED | The current price of OKEA.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.69 | NEUTRAL | The RSI value for OKEA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.03 | POSITIVE | The MACD value suggests OKEA.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 67.39 | NEUTRAL | The Stochastics value for OKEA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.84 | MEDIUM VOLATILITY | The ATR as a percentage value for OKEA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 15 | NEGATIVE | The low ADX value for OKEA.OL suggests a weak or negative trend. |
OSL:OKEA (10/3/2025, 7:00:00 PM)
18.52
-0.32 (-1.7%)