SPAREBANK 1 NORDMOERE (SNOR.OL) Stock Technical Analysis
OSL:SNOR - NO0010691660 - Common Stock
We assign a technical rating of 6 out of 10 to SNOR. SNOR has been a medium performer in the overall market. Some doubts are observed in the medium time frame, but recent action was very positive.
Although the technical rating is only medium, SNOR does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 164.42. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 163.07, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for SNOR in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
117.81
When analyzing the support we can see 4 important areas.
- A support zone ranging from 158.03 to 162.06. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @154.98 from a horizontal line in the daily time frame.
- Support @150.51 from a trend line in the daily time frame.
- Support @119.00 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 162.69 to 166.52. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- 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 | UP | POSITIVE | The short term trend for SNOR.OL is up. |
| ChartMill Relative Strength | 68.76 | NEUTRAL | SNOR.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SNOR.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SNOR.OL is above the rising 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) | 53.75 | NEUTRAL | The RSI value for SNOR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.19 | POSITIVE | The MACD value suggests SNOR.OL has a positive trend. |
| Stochastics (14,3) | 57.4 | NEUTRAL | The Stochastics value for SNOR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.45 | LOW VOLATILITY | The low ATR as a percentage value for SNOR.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.91 | NEUTRAL | The ADX value for SNOR.OL suggests a possible start of a new trend. |
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 |
|---|---|---|---|
| 162.70 | 159.55 | 3.15 (1.94%) | 25.00% |
| An entry @162.70. This is a Buy Stop order right above the 10 day moving average. | An exit @159.55. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 3.15 points, which is 1.94%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.48%. |
- 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 (9/1/2025, 7:00:00 PM)
162.68
-0.22 (-0.14%)