REACH SUBSEA ASA (REACH.OL) Stock Technical Analysis
OSL:REACH - Euronext Oslo - NO0003117202 - Common Stock - Currency: NOK
Taking everything into account, REACH scores 8 out of 10 in our technical rating. REACH has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, REACH did better than 79% of all other stocks.
REACH is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry. REACH outperforms 85% of them.
REACH is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so REACH is lagging the market slightly.
In the last month REACH has a been trading in the 6.78 - 8.27 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Although REACH has an excellent technical rating, it does not present a decent entry opportunity 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
6.54
9.47
2 important support areas can be observed.
- Support @7.10 from a trend line in the daily time frame.
- A support zone ranging from 6.61 to 6.70. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- A resistance zone ranging from 7.84 to 7.93. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @8.07 from a horizontal line in the daily time frame.
- Resistance @9.38 from a horizontal 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 | UP | POSITIVE | The long term trend for REACH.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for REACH.OL is up. |
| ChartMill Relative Strength | 79.04 | POSITIVE | REACH.OL has a high relative strength, it outperformed 79.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of REACH.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of REACH.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of REACH.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 53.89 | NEUTRAL | The RSI value for REACH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.01 | POSITIVE | The MACD value suggests REACH.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 62.12 | NEUTRAL | The Stochastics value for REACH.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.52 | MEDIUM VOLATILITY | The ATR as a percentage value for REACH.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.77 | NEUTRAL | The ADX value for REACH.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)
OSL:REACH (5/30/2025, 7:00:00 PM)
7.56
-0.5 (-6.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-6.2%
1 Week-0.9%
2 Weeks0.79%
1 Month14.24%
3 Month16.31%
6 Month-13.29%
12 Month15.27%
2 Year80.75%
3 Year99.48%
5 Year612.96%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.25
ATR(20)%3.52%
ATR Inc-4.32%
Range Today0.44
ADR(20)0.23
ADR(20)%2.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.04
Mansfield-0.62
10 Day High8.27
10 Day Low7.5
20 Day High8.27
20 Day Low6.78
52 Week High10.65
52 Week Low6.04
CS1 End7.1
CR1 Start7.84
Volume & EV
DER(3)-6.07%
DER(5)-3.61%
Volume253.37K
Volume Incr-18.02%
Vol(5)91.06K
Vol(50)120.62K