SOLSTAD OFFSHORE ASA (SOFF.OL) Stock Technical Analysis
OSL:SOFF - Euronext Oslo - NO0003080608 - Common Stock - Currency: NOK
We assign a technical rating of 9 out of 10 to SOFF. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, SOFF is showing a nice and steady performance.
The long and short term trends are both positive. This is looking good!
SOFF is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 82% of 36 stocks in the same industry.
SOFF 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 SOFF is lagging the market slightly.
SOFF 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.
When comparing the yearly performance of all stocks, we notice that SOFF is one of the better performing stocks in the market, outperforming 84% of all stocks. However, this overall good ranking is mostly due to the recent strong move.
Besides having an excellent technical rating, SOFF 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 51.29, a Stop Loss order could be placed below this zone.
More info and screens
35.05
51.81
When analyzing the support we can see 5 important areas.
- A support zone ranging from 50.49 to 51.29. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @41.53 from a trend line in the daily time frame.
- Support @40.21 from a trend line in the daily time frame.
- Support @39.00 from a horizontal line in the daily time frame.
- Support @35.40 from a trend line in the weekly time frame.
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 SOFF.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOFF.OL is up. |
| ChartMill Relative Strength | 84.67 | POSITIVE | SOFF.OL has a high relative strength, it outperformed 84.67% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOFF.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOFF.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SOFF.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 73.96 | OVERBOUGHT | The high RSI value suggests SOFF.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.12 | POSITIVE | The MACD value suggests SOFF.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 73.66 | NEUTRAL | The Stochastics value for SOFF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.92 | MEDIUM VOLATILITY | The ATR as a percentage value for SOFF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 49.78 | POSITIVE | The high ADX value value for SOFF.OL suggests a strong 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 |
|---|---|---|---|
| 54.01 | 50.48 | 3.53 (6.54%) | 15.30% |
| An entry @54.01. This is a Buy Stop order right above the 10 day high. | An exit @50.48. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.53 points, which is 6.54%. | When investing 15.30% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:SOFF (7/25/2025, 7:00:00 PM)
51.3
+0.1 (+0.2%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.2%
1 Week1.58%
2 Weeks8.8%
1 Month23.91%
3 Month34.82%
6 Month25%
12 Month20.2%
2 Year113.75%
3 Year62.34%
5 Year10160%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.6
ATR(20)%2.92%
ATR Inc-17.27%
Range Today1.3
ADR(20)1.47
ADR(20)%2.86%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.67
Mansfield2.18
10 Day High54
10 Day Low47
20 Day High54
20 Day Low41.2
52 Week High54
52 Week Low29.96
CS1 End51.29
CR1 StartN/A
Volume & EV
DER(3)-1.63%
DER(5)-1.6%
Volume163.88K
Volume Incr-34.52%
Vol(5)143.21K
Vol(50)151.30K