REACH SUBSEA ASA (REACH.OL) Stock Technical Analysis
OSL:REACH - Euronext Oslo - NO0003117202 - Common Stock - Currency: NOK
We assign a technical rating of 4 out of 10 to REACH. REACH was a bad performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term this still looks good.
62% of all other stocks performed better in the past year than REACH.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
REACH is part of the Energy Equipment & Services industry. There are 36 other stocks in this industry, REACH did better than 54% of them.
REACH is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so REACH is lagging the market.
In the last month REACH has a been trading in a tight range between 7.68 and 7.96.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, REACH does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 7.79. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 7.70, a Stop Loss order could be placed below this zone.
More info and screens
6.54
8.18
4 important support areas can be observed.
- A support zone ranging from 7.69 to 7.81. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 7.45 to 7.51. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @7.29 from a horizontal line in the daily time frame.
- Support @6.61 from a horizontal line in the weekly time frame.
2 important resistance areas can be observed.
- A resistance zone ranging from 7.83 to 7.92. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A resistance zone ranging from 8.09 to 8.10. 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 REACH.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for REACH.OL is neutral. |
| ChartMill Relative Strength | 38.66 | NEUTRAL | REACH.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of REACH.OL is above a declining 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 | MIXED | The current price of REACH.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 48.84 | NEUTRAL | The RSI value for REACH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests REACH.OL has a negative trend. |
| Stochastics (14,3) | 38.24 | NEUTRAL | The Stochastics value for REACH.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.86 | LOW VOLATILITY | The low ATR as a percentage value for REACH.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 8.36 | NEGATIVE | The low ADX value for REACH.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:REACH (8/4/2025, 3:42:36 PM)
7.82
+0.06 (+0.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.77%
1 Week0.65%
2 Weeks-0.77%
1 Month-0.64%
3 Month11.82%
6 Month-1.27%
12 Month-8.92%
2 Year71.3%
3 Year103.68%
5 Year400.65%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.14
ATR(20)%1.86%
ATR Inc1.94%
Range Today0.11
ADR(20)0.14
ADR(20)%1.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS38.66
Mansfield-0.76
10 Day High7.93
10 Day Low7.71
20 Day High7.96
20 Day Low7.68
52 Week High9.86
52 Week Low6.04
CS1 End7.7
CR1 Start7.79
Volume & EV
DER(3)0.7%
DER(5)0.82%
Volume2.08K
Volume Incr-16.73%
Vol(5)70.95K
Vol(50)115.58K