SPAREBANK 1 RINGERIKE HADELA (RING.OL) Stock Technical Analysis
OSL:RING - Euronext Oslo - NO0006390400 - Common Stock - Currency: NOK
Taking everything into account, RING scores 7 out of 10 in our technical rating. Both in the recent history as in the last year, RING has proven to be a steady performer, scoring decent points in every aspect analyzed.
RING is part of the Banks industry. There are 92 other stocks in this industry, of which 71% are performing better than RING.
Warning: RING has an average volume of 928 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 RING is one of the better performing stocks in the market, outperforming 72% of all stocks.
RING is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so RING is performing more or less in line with the market.
In the last month RING has a been trading in the 361.05 - 393.75 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Although RING has an excellent technical rating, the quality of the presented setup is not ideal 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
321.94
376.48
When analyzing the support we can see 4 important areas.
- A support zone ranging from 358.76 to 372.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @352.99 from a horizontal line in the weekly time frame.
- Support @346.54 from a horizontal line in the daily time frame.
- Support @325.19 from a trend 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 RING.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RING.OL is up. |
| ChartMill Relative Strength | 72.58 | POSITIVE | RING.OL has a high relative strength, it outperformed 72.58% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of RING.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of RING.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of RING.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.08 | NEUTRAL | The RSI value for RING.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.06 | POSITIVE | The MACD value suggests RING.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 69.33 | NEUTRAL | The Stochastics value for RING.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.74 | LOW VOLATILITY | The low ATR as a percentage value for RING.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.3 | NEGATIVE | The low ADX value for RING.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:RING (5/28/2025, 7:00:00 PM)
372.75
-21 (-5.33%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-5.33%
1 Week-0.86%
2 Weeks0.74%
1 Month2.12%
3 Month-3.18%
6 Month15.76%
12 Month25.1%
2 Year14.34%
3 Year12.95%
5 Year69.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.56
ATR(20)%1.74%
ATR Inc283.16%
Range Today14.25
ADR(20)5.48
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.58
Mansfield1
10 Day High393.75
10 Day Low365
20 Day High393.75
20 Day Low361.05
52 Week High415
52 Week Low286
CS1 End372.71
CR1 StartN/A
Volume & EV
DER(3)-426.67%
DER(5)-256%
Volume10
Volume Incr2.65%
Vol(5)1.02K
Vol(50)928.3