SOGN SPAREBANK (SOGN.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:SOGN - NO0006000603 - Common Stock
We assign a technical rating of 8 out of 10 to SOGN. Although SOGN is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, SOGN also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a resistance zone just above the current price starting at 283.96. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 281.95, a Stop Loss order could be placed below this zone.
More info and screens
247.74
4 important support areas can be observed.
- Support @281.95 from a horizontal line in the daily time frame.
- A support zone ranging from 266.74 to 275.55. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 256.00 to 261.19. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 250.24 to 250.25. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @283.96 from a horizontal line in the daily 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 SOGN.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOGN.OL is up. |
| ChartMill Relative Strength | 53.98 | NEUTRAL | SOGN.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOGN.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOGN.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of SOGN.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 64.34 | NEUTRAL | The RSI value for SOGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.37 | POSITIVE | The MACD value suggests SOGN.OL has a positive trend. |
| Stochastics (14,3) | 86.91 | OVERBOUGHT | The high Stochastics value suggests SOGN.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.74 | MEDIUM VOLATILITY | The ATR as a percentage value for SOGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 42.5 | POSITIVE | The high ADX value value for SOGN.OL suggests a strong trend. |
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 |
|---|---|---|---|
| 283.97 | 281.94 | 2.03 (0.71%) | 25.00% |
| An entry @283.97. This is a Buy Stop order right above the resistance zone. | An exit @281.94. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.03 points, which is 0.71%. | When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.18%. |
- The distance between exit and entry is rather small compared to the average daily movement of SOGN. Please evaluate whether better entry and exit points can be found.
- 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:SOGN (12/8/2025, 7:00:00 PM)
283.9
-0.05 (-0.02%)
SOGN SPAREBANK / SOGN.OL FAQ
Can you provide the ChartMill technical rating for SOGN SPAREBANK?
ChartMill assigns a technical rating of 8 / 10 to SOGN.OL.
What is the current trend direction of SOGN SPAREBANK (SOGN.OL) stock?
The current trend direction for SOGN SPAREBANK (SOGN.OL) is Bullish.
Can you provide the RSI signal for SOGN SPAREBANK?
SOGN SPAREBANK (SOGN.OL) has an RSI value of 64.3357. This indicates that the stock is currently neutral.
What is the MACD signal for SOGN stock?
The MACD indicator for SOGN SPAREBANK (SOGN.OL) has a value of 1.3715, indicating a bullish trend.
What are the support and resistance levels for SOGN SPAREBANK (SOGN.OL) stock?
SOGN SPAREBANK (SOGN.OL) has a support level at 281.95 and a resistance level at 283.96. Check the full technical report for our detailed analysis of SOGN.OL support and resistance levels.