SOLSTAD MARITIME HOLDING AS (SOMA.OL) Stock Technical Analysis
OSL:SOMA - Euronext Oslo - NO0013135368 - Common Stock - Currency: NOK
Overall SOMA gets a technical rating of 4 out of 10. In the last year, SOMA was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
Although the technical rating is only medium, SOMA does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 23.99, a Stop Loss order could be placed below this zone.
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21.49
When analyzing the support we can see 2 important areas.
- A support zone ranging from 23.76 to 23.99. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.71 from a horizontal line in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 25.60 to 25.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 SOMA.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for SOMA.OL is up. |
| ChartMill Relative Strength | 0 | NEGATIVE | SOMA.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SOMA.OL is above the rising SMA(20). |
| Relative Strength Index/RSI (14) | 59.07 | NEUTRAL | The RSI value for SOMA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.36 | NEGATIVE | The MACD value suggests SOMA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 49.67 | NEUTRAL | The Stochastics value for SOMA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.41 | MEDIUM VOLATILITY | The ATR as a percentage value for SOMA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 22.3 | NEUTRAL | The ADX value for SOMA.OL suggests a possible start of a new trend. |
OSL:SOMA (7/25/2025, 4:19:37 PM)
25
+0.07 (+0.28%)