SCATEC ASA (SCATC.OL) Stock Technical Analysis
OSL:SCATC - Euronext Oslo - NO0010715139 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to SCATC. Although SCATC is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Both the short term and long term trends are positive. This is a very positive sign.
SCATC is one of the better performing stocks in the Independent Power and Renewable Electricity Producers industry, it outperforms 77% of 19 stocks in the same industry.
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.
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.
In the last month SCATC has a been trading in the 97.20 - 106.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
SCATC has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 103.06, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
73.03
106.25
When analyzing the support we can see 4 important areas.
- A support zone ranging from 100.70 to 102.20. 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 @76.12 from a trend line in the weekly time frame.
- Support @73.77 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 105.00 to 105.20. 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 | 79.55 | POSITIVE | SCATC.OL has a high relative strength, it outperformed 79.55% 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) | 63.38 | NEUTRAL | The RSI value for SCATC.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.47 | NEGATIVE | The MACD value suggests SCATC.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.7 | NEUTRAL | The Stochastics value for SCATC.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for SCATC.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.14 | 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)
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 |
|---|---|---|---|
| 105.21 | 100.69 | 4.52 (4.30%) | 23.28% |
| An entry @105.21. This is a Buy Stop order right above the resistance zone. | An exit @100.69. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 4.52 points, which is 4.30%. | When investing 23.28% 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 (8/7/2025, 10:49:52 AM)
102.8
-0.7 (-0.68%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorUtilities
GICS IndustryIndependent Power and Renewable Electricity Producers
Performance
% Chg-0.68%
1 Week2.17%
2 Weeks-1.05%
1 Month5.72%
3 Month21.55%
6 Month32.78%
12 Month20.56%
2 Year45.77%
3 Year2.17%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.46
ATR(20)%2.08%
ATR Inc20.31%
Range Today1.9
ADR(20)2.08
ADR(20)%2.02%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS79.55
Mansfield1.5
10 Day High106.4
10 Day Low99
20 Day High106.6
20 Day Low97.2
52 Week High106.6
52 Week Low68
CS1 End103.06
CR1 Start105
Volume & EV
DER(3)-1.01%
DER(5)-0.21%
Volume39.76K
Volume Incr29.57%
Vol(5)258.14K
Vol(50)234.86K