SPAREBANK 1 SOR-NORGE ASA (SB1NO.OL) Stock Technical Analysis
OSL:SB1NO - Euronext Oslo - NO0010631567 - Common Stock - Currency: NOK
Taking everything into account, SB1NO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and longer term time frames. Compared to the overall market however, SB1NO is a bad performer.
SB1NO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 183.21. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for SB1NO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
153.65
We found 2 important support areas.
- Support @176.19 from a horizontal line in the daily time frame.
- A support zone ranging from 155.20 to 155.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 180.55 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) | 64.34 | NEUTRAL | The RSI value for SB1NO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.19 | NEGATIVE | The MACD value suggests SB1NO.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 94.17 | OVERBOUGHT | The high Stochastics value suggests SB1NO.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.56 | LOW VOLATILITY | The low ATR as a percentage value for SB1NO.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 26.54 | POSITIVE | The high ADX value value for SB1NO.OL suggests a strong trend. |
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 |
|---|---|---|---|
| 181.29 | 177.19 | 4.10 (2.26%) | 25.00% |
| An entry @181.29. This is a Buy Stop order right above the 10 day moving average. | An exit @177.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 4.10 points, which is 2.26%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.57%. |
- 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 (6/19/2025, 4:19:56 PM)
178.8
-4.4 (-2.4%)