PARETO BANK ASA (PARB.OL) Stock Technical Analysis
OSL:PARB - Euronext Oslo - NO0010397581 - Common Stock - Currency: NOK
We assign a technical rating of 10 out of 10 to PARB. 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 28122 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
Looking at the yearly performance, PARB did better than 85% of all other stocks. We also observe that the gains produced by PARB over the past year are nicely spread over this period.
A new 52 week high is currently being made by PARB, which is a very good signal! Especially since the S&P500 is only trading in the upper part of its 52 week range, so PARB is leading the market.
In the last month PARB has a been trading in the 72.50 - 84.30 range, which is quite wide. It is currently trading near the high of this range.
PARB is an average performer in the Banks industry, it outperforms 65% of 92 stocks in the same industry.
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
65.84
82.72
When analyzing the support we can see 5 important areas.
- A support zone ranging from 76.66 to 79.64. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 71.30 to 72.21. This zone is formed by a combination of multiple trend lines in the weekly time frame.
- A support zone ranging from 69.50 to 70.05. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Support @68.40 from a horizontal line in the daily time frame.
- Support @66.50 from a horizontal 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 | 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 | 85.87 | POSITIVE | PARB.OL has a high relative strength, it outperformed 85.87% 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) | 61.78 | NEUTRAL | The RSI value for PARB.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.37 | POSITIVE | The MACD value suggests PARB.OL has a positive trend. |
| Stochastics (14,3) | 83.76 | OVERBOUGHT | The high Stochastics value suggests PARB.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.31 | MEDIUM VOLATILITY | The ATR as a percentage value for PARB.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.83 | NEGATIVE | The low ADX value for PARB.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:PARB (5/28/2025, 7:00:00 PM)
81.9
-0.6 (-0.73%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.73%
1 Week2.76%
2 Weeks3.93%
1 Month13.12%
3 Month7.34%
6 Month26.78%
12 Month37.19%
2 Year62.18%
3 Year54.53%
5 Year135.35%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.96
ATR(20)%2.31%
ATR Inc56.2%
Range Today3.1
ADR(20)1.76
ADR(20)%2.15%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS85.87
Mansfield1.66
10 Day High84.3
10 Day Low77
20 Day High84.3
20 Day Low72.5
52 Week High84.3
52 Week Low58.5
CS1 End79.64
CR1 StartN/A
Volume & EV
DER(3)-0.17%
DER(5)0.07%
Volume46.84K
Volume Incr17.27%
Vol(5)34.82K
Vol(50)28.12K