SKUE SPAREBANK (SKUE.OL) Stock Technical Analysis
OSL:SKUE - Euronext Oslo - NO0006001809 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to SKUE. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SKUE is showing a nice and steady performance.
Warning: SKUE has an average volume of 1481 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that SKUE is one of the better performing stocks in the market, outperforming 80% of all stocks.
SKUE 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 SKUE is performing more or less in line with the market.
SKUE 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.
SKUE is part of the Banks industry. There are 92 other stocks in this industry, SKUE did better than 51% of them.
In the last month SKUE has a been trading in a tight range between 311.50 and 328.95.
SKUE has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 327.00, 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
256.66
363.61
When analyzing the support we can see 4 important areas.
- A support zone ranging from 320.47 to 327.00. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 308.99 to 309.47. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @293.99 from a horizontal line in the daily time frame.
- Support @259.25 from a trend line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 360.01 to 360.01. 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 SKUE.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SKUE.OL is up. |
| ChartMill Relative Strength | 80.92 | POSITIVE | SKUE.OL has a high relative strength, it outperformed 80.92% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SKUE.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | MIXED | The current price of SKUE.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SKUE.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.18 | NEUTRAL | The RSI value for SKUE.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.63 | POSITIVE | The MACD value suggests SKUE.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 85.39 | OVERBOUGHT | The high Stochastics value suggests SKUE.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.57 | LOW VOLATILITY | The low ATR as a percentage value for SKUE.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 16.94 | NEGATIVE | The low ADX value for SKUE.OL suggests a weak or negative 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 |
|---|---|---|---|
| 328.81 | 320.46 | 8.35 (2.54%) | 25.00% |
| An entry @328.81. This is a Buy Stop order right above the 10 day high. | An exit @320.46. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 8.35 points, which is 2.54%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.63%. |
- 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:SKUE (5/28/2025, 7:00:00 PM)
327.2
+0.2 (+0.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.06%
1 Week0.37%
2 Weeks0.96%
1 Month1.9%
3 Month-3.61%
6 Month26.33%
12 Month38.64%
2 Year50.09%
3 Year44.78%
5 Year92.47%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.33
ATR(20)%1.57%
ATR Inc-51.69%
Range Today2.2
ADR(20)4.84
ADR(20)%1.48%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS80.92
Mansfield1.54
10 Day High328.8
10 Day Low313.05
20 Day High328.95
20 Day Low311.5
52 Week High365.05
52 Week Low230.1
CS1 End327
CR1 Start360.01
Volume & EV
DER(3)0%
DER(5)0%
Volume1.66K
Volume Incr-29.83%
Vol(5)756.4
Vol(50)1.48K