PARETO BANK ASA (PARB.OL) Stock Technical Analysis
OSL:PARB - NO0010397581 - Common Stock
87.3 NOK
-1.3 (-1.47%)
We assign a technical rating of 6 out of 10 to PARB. This is due to a consistent overall performance, although we see some doubts in the very recent evolution. In the medium time frame things are still looking good.
PARB is one of the lesser performing stocks in the Banks industry. 60% of 89 stocks in the same industry do better.
In the last month PARB has a been trading in the 87.00 - 96.00 range, which is quite wide. It is currently trading near the lows of this range.
Looking at the yearly performance, PARB did better than 78% of all other stocks. On top of that, PARB also shows a nice and consistent pattern of rising prices.
PARB 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 PARB is lagging the market slightly.
The short term trend is negative, but the long term trend is still positive. So although the long term is still positive, this may be a trend turning.
Although the technical rating is only medium, PARB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 87.69, a Stop Loss order could be placed below this zone.
More info and screens
68.81
97.67
We found 5 important support areas.
- Support @87.20 from a horizontal line in the daily time frame.
- Support @79.41 from a trend line in the weekly time frame.
- Support @76.44 from a trend line in the weekly time frame.
- Support @74.02 from a trend line in the daily time frame.
- Support @69.50 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 87.69 to 88.91. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 90.63 to 91.03. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 94.60 to 96.70. 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 PARB.OL is up. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for PARB.OL is down. |
| ChartMill Relative Strength | 78.72 | POSITIVE | PARB.OL has a high relative strength, it outperformed 78.72% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of PARB.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | MIXED | The current price of PARB.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of PARB.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 39.88 | NEUTRAL | The RSI value for PARB.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.48 | NEGATIVE | The MACD value suggests PARB.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 9.26 | OVERSOLD | The low Stochastics value suggests PARB.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.2 | MEDIUM VOLATILITY | The ATR as a percentage value for PARB.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.14 | NEUTRAL | The ADX value for PARB.OL suggests a possible start of a new 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)
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 |
|---|---|---|---|
| 88.92 | 87.19 | 1.73 (1.95%) | 25.00% |
| An entry @88.92. This is a Buy Stop order right above the 10 day moving average. | An exit @87.19. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.73 points, which is 1.95%. | For a 0.49% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of PARB. Please evaluate whether better entry and exit points can be found.
- 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:PARB (9/11/2025, 7:00:00 PM)
87.3
-1.3 (-1.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.47%
1 Week-3.41%
2 Weeks-4.67%
1 Month-4.26%
3 Month9.22%
6 Month14.49%
12 Month33.69%
2 Year63.01%
3 Year99.54%
5 Year125.45%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.16
ATR(20)%2.2%
ATR Inc-10.38%
Range Today1.5
ADR(20)1.86
ADR(20)%2.13%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.72
Mansfield0.43
10 Day High92.9
10 Day Low87
20 Day High96
20 Day Low87
52 Week High97.1
52 Week Low63.3
CS1 End87.69
CR1 Start90.63
Volume & EV
DER(3)1.09%
DER(5)0.62%
Volume19.73K
Volume Incr0.26%
Vol(5)27.26K
Vol(50)32.29K