SOLSTAD MARITIME HOLDING AS (SOMA.OL) Stock Technical Analysis
OSL:SOMA - Euronext Oslo - NO0013135368 - Common Stock - Currency: NOK
Taking everything into account, SOMA scores 4 out of 10 in our technical rating. SOMA has been a bad performer in the overall market. Some doubts are observed in the medium term time frame, but recent action was again very positive.
SOMA has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 25.61. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 24.63, a Stop Loss order could be placed below this zone.
More info and screens
23.24
We found 2 important support areas.
- A support zone ranging from 24.37 to 24.63. 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 23.47 to 23.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 25.61 to 25.61. 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) | DOWN | MIXED | The current price of SOMA.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SOMA.OL is above the rising SMA(50). |
| Relative Strength Index/RSI (14) | 54.91 | NEUTRAL | The RSI value for SOMA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests SOMA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 59.68 | NEUTRAL | The Stochastics value for SOMA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.96 | MEDIUM VOLATILITY | The ATR as a percentage value for SOMA.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.88 | NEUTRAL | The ADX value for SOMA.OL suggests a possible start of a new trend. |
OSL:SOMA (7/31/2025, 2:36:39 PM)
24.88
+0.18 (+0.71%)