SPAREBANK 1 SOR-NORGE ASA (SB1NO.OL) Stock Technical Analysis
OSL:SB1NO - Euronext Oslo - NO0010631567 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to SB1NO. Although SB1NO is a bad performer in the overall market, the technical picture looks good in both the medium and short term time frames.
When comparing the yearly performance of all stocks, SB1NO is a bad performer in the overall market: 100% of all stocks are doing better.
SB1NO is part of the Banks industry. There are 92 other stocks in this industry, of which 87% are performing better than SB1NO.
Both the short term and long term trends are positive. This is a very positive sign.
SB1NO 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.
Although SB1NO 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
149.28
185.85
When analyzing the support we can see 2 important areas.
- A support zone ranging from 154.22 to 155.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @150.79 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 180.92 to 184.01. This zone is formed by a combination of multiple trend lines and important moving averages 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 SB1NO.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SB1NO.OL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SB1NO.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SB1NO.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SB1NO.OL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 53.28 | NEUTRAL | The RSI value for SB1NO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.44 | NEGATIVE | The MACD value suggests SB1NO.OL has a negative trend. |
| Stochastics (14,3) | 56.53 | NEUTRAL | The Stochastics value for SB1NO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for SB1NO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.69 | POSITIVE | The high ADX value value for SB1NO.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 |
|---|---|---|---|
| 180.93 | 175.39 | 5.54 (3.06%) | 25.00% |
| An entry @180.93. This is a Buy Stop order right above the 10 day moving average. | An exit @175.39. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 5.54 points, which is 3.06%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.77%. |
- The distance between exit and entry is rather small compared to the average daily movement of SB1NO. Please evaluate whether better entry and exit points can be found.
- 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:SB1NO (5/28/2025, 7:00:00 PM)
176.2
-3.4 (-1.89%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-1.89%
1 Week-4.24%
2 Weeks-1.56%
1 Month9.03%
3 Month10.82%
6 Month22.02%
12 MonthN/A
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.73
ATR(20)%2.28%
ATR Inc-20.97%
Range Today4
ADR(20)3.78
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
CRS0
Mansfield-30
10 Day High184
10 Day Low175.4
20 Day High185
20 Day Low162.8
52 Week HighN/A
52 Week LowN/A
CS1 End155.79
CR1 Start180.92
Volume & EV
DER(3)2.11%
DER(5)3.36%
Volume191.03K
Volume Incr-30.08%
Vol(5)152.25K
Vol(50)242.36K