SPAREBANK 1 NORDMOERE (SNOR.OL) Stock Technical Analysis
OSL:SNOR - Euronext Oslo - NO0010691660 - Common Stock - Currency: NOK
Taking everything into account, SNOR scores 7 out of 10 in our technical rating. In the last year, SNOR was one of the better performers, but we do observe some doubts in the very recent evolution.
SNOR is part of the Banks industry. There are 92 other stocks in this industry, of which 63% are performing better than SNOR.
Warning: SNOR has an average volume of 2325 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
Looking at the yearly performance, SNOR did better than 77% of all other stocks. We also observe that the gains produced by SNOR over the past year are nicely spread over this period.
SNOR 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 SNOR is performing more or less in line with the market.
In the last month SNOR has a been trading in the 158.40 - 170.64 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Considerably lower volume is observed in the last couple of days.
SNOR 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.
More info and screens
116.82
175.75
We found 6 important support areas.
- A support zone ranging from 159.51 to 161.37. This zone is formed by a combination of multiple trend lines and important moving averages in the weekly time frame.
- Support @153.39 from a horizontal line in the weekly time frame.
- Support @149.27 from a trend line in the daily time frame.
- Support @145.03 from a horizontal line in the daily time frame.
- Support @141.96 from a horizontal line in the daily time frame.
- Support @118.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 162.85 to 164.10. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 174.00 to 174.01. 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 SNOR.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SNOR.OL is neutral. |
| ChartMill Relative Strength | 77.27 | POSITIVE | SNOR.OL has a high relative strength, it outperformed 77.27% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of SNOR.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of SNOR.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SNOR.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 48.77 | NEUTRAL | The RSI value for SNOR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.24 | NEGATIVE | The MACD value suggests SNOR.OL has a negative trend. |
| Stochastics (14,3) | 36.55 | NEUTRAL | The Stochastics value for SNOR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.34 | MEDIUM VOLATILITY | The ATR as a percentage value for SNOR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 12.46 | NEGATIVE | The low ADX value for SNOR.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 |
|---|---|---|---|
| 164.11 | 160.59 | 3.52 (2.14%) | 25.00% |
| An entry @164.11. This is a Buy Stop order right above the resistance zone. | An exit @160.59. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.52 points, which is 2.14%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.54%. |
- The distance between exit and entry is rather small compared to the average daily movement of SNOR. Please evaluate whether better entry and exit points can be found.
- 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:SNOR (5/30/2025, 7:00:00 PM)
162
-1.2 (-0.74%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.74%
1 Week-0.31%
2 Weeks-5.06%
1 Month1.25%
3 Month-1.81%
6 Month14.1%
12 Month29.95%
2 Year33.88%
3 Year23.66%
5 Year47.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)3.57
ATR(20)%2.34%
ATR Inc-22.09%
Range Today4.36
ADR(20)3.05
ADR(20)%1.88%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.27
Mansfield1
10 Day High170.64
10 Day Low160.6
20 Day High170.64
20 Day Low158.4
52 Week High179
52 Week Low119
CS1 End161.37
CR1 Start162.85
Volume & EV
DER(3)0%
DER(5)0%
Volume338
Volume Incr-73.14%
Vol(5)385.2
Vol(50)2.33K