PARETO BANK ASA (PARB.OL) Stock Technical Analysis
OSL:PARB - Euronext Oslo - NO0010397581 - Common Stock - Currency: NOK
Taking everything into account, PARB scores 10 out of 10 in our technical rating. Both in the recent history as in the last year, PARB has proven to be a steady performer, scoring decent points in every aspect analyzed.
Warning: PARB has an average volume of 27889 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that PARB is one of the better performing stocks in the market, outperforming 90% of all stocks.
PARB is one of the better performing stocks in the Banks industry, it outperforms 74% of 92 stocks in the same industry.
PARB is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month PARB has a been trading in the 80.20 - 97.00 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
Although PARB has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
67.72
96.15
We found 7 important support areas.
- A support zone ranging from 89.57 to 90.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 87.20 to 87.75. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @85.22 from a trend line in the daily time frame.
- A support zone ranging from 76.94 to 77.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @74.46 from a trend line in the weekly time frame.
- Support @69.50 from a horizontal line in the daily time frame.
- Support @68.40 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 94.59 to 95.20. 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 | UP | POSITIVE | The short term trend for PARB.OL is up. |
| ChartMill Relative Strength | 90.97 | POSITIVE | PARB.OL has a high relative strength, it outperformed 90.97% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of PARB.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of PARB.OL is above 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) | 80.26 | OVERBOUGHT | The high RSI value suggests PARB.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.68 | POSITIVE | The MACD value suggests PARB.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.01 | OVERBOUGHT | The high Stochastics value suggests PARB.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.77 | LOW VOLATILITY | The low ATR as a percentage value for PARB.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 31.53 | POSITIVE | The high ADX value value for PARB.OL suggests a strong 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:PARB (7/28/2025, 4:19:11 PM)
93.1
-1.5 (-1.59%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.59%
1 Week7.38%
2 Weeks8.24%
1 Month15.37%
3 Month31.39%
6 Month36.12%
12 Month43.55%
2 Year75.84%
3 Year78.83%
5 Year152.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.74
ATR(20)%1.77%
ATR Inc69.6%
Range Today1.5
ADR(20)1.63
ADR(20)%1.75%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.97
Mansfield1.9
10 Day High97
10 Day Low86.6
20 Day High97
20 Day Low80.2
52 Week High97
52 Week Low61.4
CS1 End90.5
CR1 StartN/A
Volume & EV
DER(3)-0.1%
DER(5)-0.13%
Volume13.09K
Volume Incr60.21%
Vol(5)44.59K
Vol(50)27.89K