OKEA ASA (OKEA.OL) Stock Technical Analysis
Europe • Euronext Oslo • OSL:OKEA • NO0010816895
Taking everything into account, OKEA scores 8 out of 10 in our technical rating. Although OKEA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
- Both the short term and long term trends are positive. This is a very positive sign.
- OKEA is part of the Oil, Gas & Consumable Fuels industry. There are 72 other stocks in this industry. OKEA outperforms 70% of them.
- OKEA is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so OKEA is lagging the market slightly.
- When comparing the yearly performance of all stocks, we notice that OKEA is one of the better performing stocks in the market, outperforming 76% of all stocks. However, this relatively good performance is mostly due to a recent big move.
- In the last month OKEA has a been trading in the 20.90 - 24.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
- Volume is considerably higher in the last couple of days.
OKEA has an excellent technical rating and also presents 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. There is a resistance zone just above the current price starting at 24.40. Right above this resistance zone may be a good entry point.
More info and screens
17.15
When analyzing the support we can see 4 important areas.
- Support @22.40 from a trend line in the daily time frame.
- A support zone ranging from 20.70 to 20.85. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 18.18 to 18.19. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @17.32 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 24.40 to 24.40. 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 | UP | POSITIVE | The long term trend for OKEA.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for OKEA.OL is up. |
| ChartMill Relative Strength | 76.22 | POSITIVE | OKEA.OL has a high relative strength, it outperformed 76.22% 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) | UP | POSITIVE | The current price of OKEA.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.37 | NEUTRAL | The RSI value for OKEA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.09 | NEGATIVE | The MACD value suggests OKEA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 45.11 | NEUTRAL | The Stochastics value for OKEA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.51 | MEDIUM VOLATILITY | The ATR as a percentage value for OKEA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.99 | NEUTRAL | The ADX value for OKEA.OL suggests a possible start of a new trend. |
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 24.41 | 22.59 | 1.82 (7.46%) | 13.41% |
| An entry @24.41. This is a Buy Stop order right above the resistance zone. | An exit @22.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.82 points, which is 7.46%. | For a 1.00% total portfolio risk, you can invest 13.41% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:OKEA (1/30/2026, 7:00:00 PM)
23.45
+0.35 (+1.52%)
OKEA ASA / OKEA.OL FAQ
What is the ChartMill technical rating of OKEA ASA (OKEA.OL) stock?
ChartMill assigns a technical rating of 8 / 10 to OKEA.OL.
What is the current trend direction of OKEA ASA (OKEA.OL) stock?
The current trend direction for OKEA ASA (OKEA.OL) is Bullish.
Can you provide the RSI signal for OKEA ASA?
OKEA ASA (OKEA.OL) has an RSI value of 55.3715. This indicates that the stock is currently neutral.
What is the buy/sell signal for OKEA ASA (OKEA.OL) stock?
The buy/sell signal for OKEA ASA (OKEA.OL) is buy as both the short term and long term trends are positive.
What are the support and resistance levels for OKEA ASA (OKEA.OL) stock?
OKEA ASA (OKEA.OL) has a support level at 22.4 and a resistance level at 24.4. Check the full technical report for our detailed analysis of OKEA.OL support and resistance levels.