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.
The long and short term trends are both positive. This is looking good!
SCATC is part of the Independent Power and Renewable Electricity Producers industry. There are 22 other stocks in this industry. SCATC outperforms 76% of them.
SCATC is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SCATC has a been trading in the 87.10 - 99.35 range, which is quite wide. It is currently trading near the high of this range.
When comparing the yearly performance of all stocks, we notice that SCATC is one of the better performing stocks in the market, outperforming 79% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Considerably lower volume is observed in the last couple of days.
Although SCATC 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
74.64
99.69
3 important support areas can be observed.
- Support @84.80 from a horizontal line in the daily time frame.
- Support @80.65 from a horizontal line in the daily time frame.
- Support @75.39 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 98.35 to 98.70. 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 SCATC.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SCATC.OL is up. |
| ChartMill Relative Strength | 79.68 | POSITIVE | SCATC.OL has a high relative strength, it outperformed 79.68% 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) | UP | POSITIVE | The current price of SCATC.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 71.46 | OVERBOUGHT | The high RSI value suggests SCATC.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.27 | POSITIVE | The MACD value suggests SCATC.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 90.92 | OVERBOUGHT | The high Stochastics value suggests SCATC.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.1 | MEDIUM VOLATILITY | The ATR as a percentage value for SCATC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.81 | 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 (7/15/2025, 1:21:08 PM)
98.2
+0.15 (+0.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg0.15%
1 Week0.2%
2 Weeks5.37%
1 Month11.42%
3 Month30.65%
6 Month25.62%
12 Month13.48%
2 Year15.9%
3 Year-14.44%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.16
ATR(20)%2.1%
ATR Inc-48.73%
Range Today1
ADR(20)2.02
ADR(20)%2.06%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.68
Mansfield1.05
10 Day High99.35
10 Day Low92.75
20 Day High99.35
20 Day Low87.1
52 Week High99.35
52 Week Low68
CS1 End84.8
CR1 Start98.35
Volume & EV
DER(3)-7.05%
DER(5)-4.84%
Volume21.55K
Volume Incr-44.72%
Vol(5)152.33K
Vol(50)242.97K