SCHB Technical Analysis - SCHIBSTED ASA-B SHS

Technical Rating and Analysis

Taking everything into account, SCHB scores 7 out of 10 in our technical rating. In the last year, SCHB was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.

Both the short term and long term trends are positive. This is a very positive sign.

SCHB is part of the Media industry. There are 62 other stocks in this industry. SCHB outperforms 72% of them.

In the last month SCHB has a been trading in the 269.20 - 337.80 range, which is quite wide. It is currently trading near the high of this range.

When compared to the yearly performance of all other stocks, SCHB outperforms 51% of them, which is more or less in line with the market.

SCHB is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SCHB is lagging the market.

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Technical Analysis

Relative Strength

ChartMill Trend Indicator

Simple Moving Average

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Weekly and Daily overview Charts

SCHIBSTED ASA-B SHS / SCHB Weekly stock chart

SCHIBSTED ASA-B SHS / SCHB Daily stock chart

Setup Rating and Analysis

Although SCHB has an excellent technical rating, it does not offer a high quality setup 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.

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ChartMill Technical Ratings

Pocket Pivots

Bull Flags

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Support and Resistance Analysis

264.33

360.78

We found 4 important support areas.

A support zone ranging from 296.60 to 304.99. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
Support @280.52 from a trend line in the weekly time frame.
Support @274.80 from a horizontal line in the daily time frame.
Support @267.00 from a horizontal line in the weekly time frame.

2 important resistance areas can be observed.

A resistance zone ranging from 332.40 to 334.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
Resistance @357.21 from a horizontal line in the weekly time frame.

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Technical Indicator Signal Analysis

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 SCHB.OL is up.
ChartMill Short Term Trend Indicator	UP	POSITIVE	The short term trend for SCHB.OL is up.
ChartMill Relative Strength	51.74	NEUTRAL	SCHB.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)	UP	POSITIVE	The current price of SCHB.OL is above the rising SMA(20).
Simple Moving Average/SMA (50)	UP	POSITIVE	The current price of SCHB.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)	UP	POSITIVE	The current price of SCHB.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)	64.18	NEUTRAL	The RSI value for SCHB.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)	3.38	POSITIVE	The MACD value suggests SCHB.OL has a positive trend, although the MACD value is declining.
Stochastics (14,3)	77.39	NEUTRAL	The Stochastics value for SCHB.OL is a neutral value.
Average True Range in percent/ATR (20)	3.27	MEDIUM VOLATILITY	The ATR as a percentage value for SCHB.OL suggests some volalility.
Average Directional Index/ADX (14)	21.9	NEUTRAL	The ADX value for SCHB.OL suggests a possible start of a new trend.