SCATEC ASA (SCATC.OL) Stock Technical Analysis
OSL:SCATC - Euronext Oslo - NO0010715139 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to SCATC. Both in the recent history as in the last year, SCATC has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SCATC did better than 72% of all other stocks.
SCATC is part of the Independent Power and Renewable Electricity Producers industry. There are 19 other stocks in this industry. SCATC outperforms 72% of them.
SCATC 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 SCATC is performing more or less in line with the market.
SCATC 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.
SCATC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry.
More info and screens
72.72
90.09
We found 2 important support areas.
- A support zone ranging from 80.91 to 81.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @73.45 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 86.49 to 89.20. 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 SCATC.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCATC.OL is up. |
| ChartMill Relative Strength | 72.8 | POSITIVE | SCATC.OL has a high relative strength, it outperformed 72.8% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SCATC.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SCATC.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SCATC.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 62.51 | NEUTRAL | The RSI value for SCATC.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests SCATC.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 80.31 | OVERBOUGHT | The high Stochastics value suggests SCATC.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.43 | MEDIUM VOLATILITY | The ATR as a percentage value for SCATC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.7 | POSITIVE | The high ADX value value for SCATC.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)
OSL:SCATC (5/22/2025, 4:19:56 PM)
85.55
-0.95 (-1.1%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-1.1%
1 Week-1.93%
2 Weeks6.79%
1 Month9.22%
3 Month10.9%
6 Month8.33%
12 Month12.48%
2 Year16.58%
3 Year-8.95%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.25
ATR(20)%2.43%
ATR Inc-24.65%
Range Today2
ADR(20)1.87
ADR(20)%2.18%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS72.8
Mansfield0.36
10 Day High89.2
10 Day Low85
20 Day High89.2
20 Day Low77.25
52 Week High91.45
52 Week Low68
CS1 End86.49
CR1 Start86.94
Volume & EV
DER(3)0.11%
DER(5)1.58%
Volume87.84K
Volume Incr-37.6%
Vol(5)143.78K
Vol(50)248.90K