SOLSTAD OFFSHORE ASA (SOFF.OL) Stock Technical Analysis
OSL:SOFF - NO0003080608 - Common Stock
57.7 NOK
-0.5 (-0.86%)
We assign a technical rating of 10 out of 10 to SOFF. Both in the recent history as in the last year, SOFF has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SOFF did better than 95% of all other stocks. On top of that, SOFF also shows a nice and consistent pattern of rising prices.
SOFF is one of the better performing stocks in the Energy Equipment & Services industry, it outperforms 97% of 37 stocks in the same industry.
SOFF is currently making a new 52 week high. This is a strong signal. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month SOFF has a been trading in the 49.85 - 58.90 range, which is quite wide. It is currently trading near the high of this range.
SOFF has an excellent technical rating, but the quality of the setup is only medium 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
34.52
58.28
When analyzing the support we can see 5 important areas.
- A support zone ranging from 53.95 to 54.10. 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 49.09 to 49.84. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @44.90 from a trend line in the daily time frame.
- Support @36.22 from a trend line in the weekly time frame.
- Support @34.87 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 | 95.32 | POSITIVE | SOFF.OL has a high relative strength, it outperformed 95.32% 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) | 73.57 | OVERBOUGHT | The high RSI value suggests SOFF.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.28 | POSITIVE | The MACD value suggests SOFF.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 92.57 | OVERBOUGHT | The high Stochastics value suggests SOFF.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.55 | MEDIUM VOLATILITY | The ATR as a percentage value for SOFF.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 44.92 | 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 |
|---|---|---|---|
| 58.91 | 52.19 | 6.72 (11.41%) | 8.77% |
| An entry @58.91. This is a Buy Stop order right above the 10 day high. | An exit @52.19. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.72 points, which is 11.41%. | When investing 8.77% 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 (9/5/2025, 7:00:00 PM)
57.7
-0.5 (-0.86%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg-0.86%
1 Week2.3%
2 Weeks9.49%
1 Month10.11%
3 Month41.94%
6 Month65.05%
12 Month70.61%
2 Year113.23%
3 Year235.08%
5 Year11417%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.54
ATR(20)%2.55%
ATR Inc-0.73%
Range Today1.4
ADR(20)1.46
ADR(20)%2.53%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS95.32
Mansfield3.2
10 Day High58.9
10 Day Low52.2
20 Day High58.9
20 Day Low49.85
52 Week High58.9
52 Week Low29.96
CS1 End54.1
CR1 StartN/A
Volume & EV
DER(3)-4.61%
DER(5)-2.5%
Volume70.16K
Volume Incr6.69%
Vol(5)164.41K
Vol(50)173.96K