SPAREBANK 1 OSTFOLD AKERSHUS (SOAG.OL) Stock Technical Analysis
OSL:SOAG - Euronext Oslo - NO0010285562 - Common Stock - Currency: NOK
We assign a technical rating of 8 out of 10 to SOAG. SOAG has been one of the better performers in the overall market. Some doubts were observed in the medium time frame, but recent action was again very positive.
SOAG is one of the lesser performing stocks in the Banks industry. 77% of 91 stocks in the same industry do better.
Warning: SOAG has an average volume of 395 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!
Looking at the yearly performance, SOAG did better than 71% of all other stocks. We also observe that the gains produced by SOAG over the past year are nicely spread over this period.
SOAG is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SOAG is lagging the market slightly.
In the last month SOAG has a been trading in the 411.00 - 436.05 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Volume is considerably higher in the last couple of days.
Besides having an excellent technical rating, SOAG also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 438.00. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 424.69, 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
346.50
452.49
We found 3 important support areas.
- A support zone ranging from 408.05 to 424.69. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @398.65 from a horizontal line in the daily time frame.
- Support @350.00 from a trend line in the weekly time frame.
We found 1 important resistance area.
- A resistance zone ranging from 438.00 to 448.01. 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 SOAG.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOAG.OL is up. |
| ChartMill Relative Strength | 71.87 | POSITIVE | SOAG.OL has a high relative strength, it outperformed 71.87% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOAG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOAG.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOAG.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.35 | NEUTRAL | The RSI value for SOAG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.73 | POSITIVE | The MACD value suggests SOAG.OL has a positive trend. |
| Stochastics (14,3) | 58.21 | NEUTRAL | The Stochastics value for SOAG.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.8 | LOW VOLATILITY | The low ATR as a percentage value for SOAG.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 21.76 | NEUTRAL | The ADX value for SOAG.OL suggests a possible start of a new 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 |
|---|---|---|---|
| 436.06 | 418.99 | 17.07 (3.91%) | 25.00% |
| An entry @436.06. This is a Buy Stop order right above the 10 day high. | An exit @418.99. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 17.07 points, which is 3.91%. | For a 0.98% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- 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:SOAG (7/11/2025, 7:00:00 PM)
430
+6.95 (+1.64%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.64%
1 Week0.24%
2 Weeks1.46%
1 Month3.37%
3 Month7.5%
6 Month12.57%
12 Month26.1%
2 Year36.08%
3 Year31.9%
5 Year83.76%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.69
ATR(20)%1.8%
ATR Inc100.28%
Range Today6.05
ADR(20)6.38
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
CRS71.87
Mansfield0.21
10 Day High436.05
10 Day Low419
20 Day High436.05
20 Day Low411
52 Week High448
52 Week Low326.3
CS1 End424.69
CR1 Start438
Volume & EV
DER(3)0%
DER(5)0%
Volume1.30K
Volume Incr48.5%
Vol(5)607.6
Vol(50)395.4