SPAREBANKEN NORGE (SBNOR.OL) Stock Technical Analysis
OSL:SBNOR - Euronext Oslo - NO0006000900 - Common Stock - Currency: NOK
Overall SBNOR gets a technical rating of 4 out of 10. SBNOR has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SBNOR has only a medium technical rating, but it does show 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 159.13. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 156.97, a Stop Loss order could be placed below this zone.
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151.96
We found 1 important support area.
- A support zone ranging from 153.49 to 156.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 159.13 to 159.43. 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 SBNOR.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SBNOR.OL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SBNOR.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SBNOR.OL is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 62.78 | NEUTRAL | The RSI value for SBNOR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -3.34 | NEGATIVE | The MACD value suggests SBNOR.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 74.89 | NEUTRAL | The Stochastics value for SBNOR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.88 | LOW VOLATILITY | The low ATR as a percentage value for SBNOR.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 27.25 | POSITIVE | The high ADX value value for SBNOR.OL suggests a strong trend. |
OSL:SBNOR (6/27/2025, 7:00:00 PM)
159.12
+1.6 (+1.02%)