SOGN SPAREBANK (SOGN.OL) Stock Technical Analysis
OSL:SOGN - Euronext Oslo - NO0006000603 - Common Stock - Currency: NOK
Overall SOGN gets a technical rating of 10 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, SOGN is showing a nice and steady performance.
Warning: SOGN has an average volume of 828 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, SOGN did better than 91% of all other stocks. We also observe that the gains produced by SOGN over the past year are nicely spread over this period.
SOGN is one of the better performing stocks in the Banks industry, it outperforms 80% of 92 stocks in the same industry.
SOGN 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.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
SOGN 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 SOGN is lagging the market slightly.
Although SOGN has an excellent technical rating, it does not offer a high quality setup 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
212.85
284.78
3 important support areas can be observed.
- A support zone ranging from 243.00 to 245.76. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 230.00 to 232.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @215.00 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 271.01 to 273.80. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 278.34 to 281.96. This zone is formed by a combination of multiple trend lines 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 | 91.35 | POSITIVE | SOGN.OL has a high relative strength, it outperformed 91.35% off all stocks 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) | UP | POSITIVE | The current price of SOGN.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 55.9 | NEUTRAL | The RSI value for SOGN.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.5 | POSITIVE | The MACD value suggests SOGN.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 64.52 | NEUTRAL | The Stochastics value for SOGN.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.21 | MEDIUM VOLATILITY | The ATR as a percentage value for SOGN.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 20.88 | NEUTRAL | The ADX value for SOGN.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:SOGN (5/28/2025, 7:00:00 PM)
271
-1 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.37%
1 Week-1.13%
2 Weeks4.25%
1 Month9.69%
3 Month11.07%
6 Month3.44%
12 Month52.25%
2 Year73.72%
3 Year105.3%
5 Year176.53%
10 YearN/A
15 YearN/A
Volatility
ATR(14)6.53
ATR(20)%2.21%
ATR Inc33.74%
Range Today2.85
ADR(20)4.95
ADR(20)%1.83%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.35
Mansfield1.33
10 Day High283.95
10 Day Low258
20 Day High283.95
20 Day Low246.05
52 Week High338.95
52 Week Low177
CS1 End245.76
CR1 Start271.01
Volume & EV
DER(3)0%
DER(5)0%
Volume20
Volume Incr-43.84%
Vol(5)288
Vol(50)828.58