SCATEC ASA (SCATC.OL) Stock Technical Analysis
OSL:SCATC - Euronext Oslo - NO0010715139 - Common Stock - Currency: NOK
Overall SCATC gets a technical rating of 8 out of 10. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, SCATC is only an average performer.
Besides having an excellent technical rating, SCATC also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 88.58. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 87.09, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
73.68
We found 4 important support areas.
- Support @88.58 from a trend line in the daily time frame.
- A support zone ranging from 83.84 to 87.09. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @80.65 from a horizontal line in the daily time frame.
- Support @74.42 from a trend line in the weekly time frame.
We found 1 important resistance area.
- Resistance @89.20 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 SCATC.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCATC.OL is up. |
| ChartMill Relative Strength | 59.36 | NEUTRAL | SCATC.OL is not amongst the best or worst performers 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) | UP | POSITIVE | The current price of SCATC.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 61.47 | NEUTRAL | The RSI value for SCATC.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests SCATC.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 84.85 | OVERBOUGHT | The high Stochastics value suggests SCATC.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.03 | MEDIUM VOLATILITY | The ATR as a percentage value for SCATC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 18.32 | NEGATIVE | The low ADX value for SCATC.OL suggests a weak or negative 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 |
|---|---|---|---|
| 89.21 | 84.19 | 5.02 (5.63%) | 17.77% |
| An entry @89.21. This is a Buy Stop order right above the resistance zone. | An exit @84.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 5.02 points, which is 5.63%. | When investing 17.77% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:SCATC (6/19/2025, 4:25:15 PM)
89.05
+0.6 (+0.68%)