SOLSTAD OFFSHORE ASA (SOFF.OL) Stock Technical Analysis
OSL:SOFF - Euronext Oslo - NO0003080608 - Common Stock - Currency: NOK
Overall SOFF gets a technical rating of 9 out of 10. 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 part of the Energy Equipment & Services industry. There are 36 other stocks in this industry. SOFF outperforms 85% of them.
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.
In the last month SOFF has a been trading in the 38.70 - 54.00 range, which is quite wide. It is currently trading near the high of this range.
Looking at the yearly performance, SOFF did better than 84% of all other stocks. However, this relatively good performance is mostly due to a recent big move.
Volume is considerably higher in the last couple of days.
Although SOFF has an excellent technical rating, it does not present a decent entry opportunity at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
34.08
52.02
When analyzing the support we can see 6 important areas.
- A support zone ranging from 50.49 to 50.71. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @41.08 from a trend line in the daily time frame.
- Support @39.00 from a horizontal line in the daily time frame.
- Support @35.89 from a trend line in the weekly time frame.
- Support @35.02 from a trend line in the daily time frame.
- Support @34.42 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 | 84.45 | POSITIVE | SOFF.OL has a high relative strength, it outperformed 84.45% 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) | 73.5 | OVERBOUGHT | The high RSI value suggests SOFF.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests SOFF.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 71.26 | NEUTRAL | The Stochastics value for SOFF.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.86 | MEDIUM VOLATILITY | The ATR as a percentage value for SOFF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 43.84 | 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)
OSL:SOFF (7/22/2025, 4:19:56 PM)
51.5
+0.8 (+1.58%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg1.58%
1 Week2.84%
2 Weeks13.04%
1 Month26.75%
3 Month33.25%
6 Month23.54%
12 Month18.79%
2 Year111.25%
3 Year60.44%
5 Year10040%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.58
ATR(20)%2.86%
ATR Inc-16.32%
Range Today1.6
ADR(20)1.38
ADR(20)%2.67%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS84.45
Mansfield2.2
10 Day High54
10 Day Low43.75
20 Day High54
20 Day Low38.7
52 Week High54
52 Week Low29.96
CS1 End41.08
CR1 StartN/A
Volume & EV
DER(3)-0.12%
DER(5)-0.54%
Volume37.57K
Volume Incr48.51%
Vol(5)249.56K
Vol(50)145.31K