SPAREBANK 1 RINGERIKE HADELA (RING.OL) Stock Technical Analysis
OSL:RING - Euronext Oslo - NO0006390400 - Common Stock - Currency: NOK
Taking everything into account, RING scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, RING is showing a nice and steady performance.
RING is part of the Banks industry. There are 96 other stocks in this industry, of which 60% are performing better than RING.
Warning: RING has an average volume of 1065 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 80% of all stocks. On top of that, RING also shows a nice and consistent pattern of rising prices.
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.
RING is currently showing a bull flag pattern! A bull flag pattern occurs when prices pull back slightly after a strong rise up. This may be a nice opportunity for an entry.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
Besides having an excellent technical rating, RING also presents a decent setup pattern. Prices have been consolidating lately. A pullback is taking place, which may present a nice opportunity for an entry. There is very little resistance above the current price. There is a support zone below the current price at 385.06, a Stop Loss order could be placed below this zone.
More info and screens
324.14
401.99
We found 6 important support areas.
- A support zone ranging from 378.04 to 385.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 370.04 to 371.87. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @363.72 from a trend line in the daily time frame.
- 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 @327.41 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- Resistance @398.01 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 RING.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for RING.OL is up. |
| ChartMill Relative Strength | 80.04 | POSITIVE | RING.OL has a high relative strength, it outperformed 80.04% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of RING.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of RING.OL is above the rising 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) | 55.17 | NEUTRAL | The RSI value for RING.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests RING.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 79.5 | NEUTRAL | The Stochastics value for RING.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for RING.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 29.66 | POSITIVE | The high ADX value value for RING.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)
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 398.02 | 378.03 | 19.99 (5.02%) | 19.91% |
| An entry @398.02. This is a Buy Stop order right above the resistance zone. | An exit @378.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 19.99 points, which is 5.02%. | For a 1.00% total portfolio risk, you can invest 19.91% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:RING (6/18/2025, 7:00:00 PM)
390
-2.5 (-0.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.64%
1 Week-1.52%
2 Weeks1.77%
1 Month4.29%
3 Month-0.01%
6 Month20%
12 Month32.2%
2 Year25%
3 Year18.18%
5 Year75.68%
10 YearN/A
15 YearN/A
Volatility
ATR(14)8.62
ATR(20)%2.08%
ATR Inc4.77%
Range Today7.45
ADR(20)7.16
ADR(20)%1.84%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.04
Mansfield1.06
10 Day High398.95
10 Day Low377
20 Day High398.95
20 Day Low371
52 Week High415
52 Week Low286
CS1 End385.06
CR1 Start398.01
Volume & EV
DER(3)-0.13%
DER(5)-0.08%
Volume523
Volume Incr-68.14%
Vol(5)375.8
Vol(50)1.07K