SOLSTAD OFFSHORE ASA (SOFF.OL) Stock Technical Analysis
OSL:SOFF - Euronext Oslo - NO0003080608 - Common Stock - Currency: NOK
Taking everything into account, SOFF scores 5 out of 10 in our technical rating. SOFF has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
SOFF is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 76% of 35 stocks in the same industry.
Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
When compared to the yearly performance of all other stocks, SOFF outperforms 54% of them, which is more or less in line with the market.
SOFF is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so SOFF is lagging the market slightly.
In the last month SOFF has a been trading in the 36.60 - 41.25 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Although the technical rating is only medium, SOFF does present a nice setup opportunity. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 39.56, a Stop Loss order could be placed below this zone.
More info and screens
33.76
43.11
We found 3 important support areas.
- A support zone ranging from 38.99 to 39.56. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 37.19 to 37.50. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 34.10 to 34.56. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 3 important areas.
- Resistance @40.72 from a trend line in the daily time frame.
- Resistance @41.95 from a horizontal line in the weekly time frame.
- Resistance @42.68 from a horizontal 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 | NEUTRAL | NEUTRAL | The long term trend for SOFF.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SOFF.OL is neutral. |
| ChartMill Relative Strength | 54.69 | NEUTRAL | SOFF.OL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of SOFF.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 57.31 | NEUTRAL | The RSI value for SOFF.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.06 | NEGATIVE | The MACD value suggests SOFF.OL has a negative trend. |
| Stochastics (14,3) | 61.49 | NEUTRAL | The Stochastics value for SOFF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.45 | MEDIUM VOLATILITY | The ATR as a percentage value for SOFF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.3 | NEUTRAL | The ADX value for SOFF.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)
OSL:SOFF (5/28/2025, 7:00:00 PM)
39.7
+0.05 (+0.13%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.13%
1 Week-1.49%
2 Weeks1.15%
1 Month4.89%
3 Month10.28%
6 Month-5.34%
12 Month-4.38%
2 Year68.79%
3 Year4.75%
5 Year8530.43%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%3.45%
ATR Inc38.21%
Range Today2.9
ADR(20)1.31
ADR(20)%3.31%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS54.69
Mansfield0.3
10 Day High41.25
10 Day Low37.5
20 Day High41.25
20 Day Low36.6
52 Week High45
52 Week Low29.96
CS1 End39.56
CR1 Start40.72
Volume & EV
DER(3)0.13%
DER(5)-0.06%
Volume33.69K
Volume Incr-52.95%
Vol(5)82.15K
Vol(50)137.50K