STOREBRAND ASA (STB.OL) Stock Technical Analysis
OSL:STB - Euronext Oslo - NO0003053605 - Common Stock - Currency: NOK
Taking everything into account, STB scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, STB is showing a nice and steady performance.
STB is part of the Insurance industry. There are 37 other stocks in this industry, of which 63% are performing better than STB.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, STB did better than 76% of all other stocks. We also observe that the gains produced by STB over the past year are nicely spread over this period.
STB is currently trading near its 52 week high, which is a good sign. The S&P500 Index is trading in the upper part of its 52 week range, but not near new highs, so STB is leading the market.
In the last month STB has a been trading in the 122.70 - 134.60 range, which is quite wide. It is currently trading near the high of this range.
Considerably lower volume is observed in the last couple of days.
STB has an excellent technical rating and 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 133.80. Right above this resistance zone may be a good entry point. We notice that large players showed an interest for STB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
116.42
138.48
3 important support areas can be observed.
- A support zone ranging from 133.04 to 133.50. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 119.77 to 121.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 117.60 to 117.79. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 133.80 to 134.81. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 137.10 to 137.11. 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 STB.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STB.OL is up. |
| ChartMill Relative Strength | 76.69 | POSITIVE | STB.OL has a high relative strength, it outperformed 76.69% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STB.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STB.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STB.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.34 | NEUTRAL | The RSI value for STB.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.23 | POSITIVE | The MACD value suggests STB.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 88.65 | OVERBOUGHT | The high Stochastics value suggests STB.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.6 | LOW VOLATILITY | The low ATR as a percentage value for STB.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 12.93 | NEGATIVE | The low ADX value for STB.OL suggests a weak or negative 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 |
|---|---|---|---|
| 134.82 | 133.03 | 1.79 (1.33%) | 25.00% |
| An entry @134.82. This is a Buy Stop order right above the resistance zone. | An exit @133.03. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 1.79 points, which is 1.33%. | For a 0.33% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of STB. 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:STB (5/30/2025, 7:00:00 PM)
133.7
+0.7 (+0.53%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryInsurance
Performance
% Chg0.53%
1 Week0.98%
2 Weeks1.44%
1 Month7.13%
3 Month9.22%
6 Month10.4%
12 Month17.99%
2 Year66.83%
3 Year59.1%
5 Year168.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.02
ATR(20)%1.6%
ATR Inc-19.79%
Range Today1.4
ADR(20)1.97
ADR(20)%1.47%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS76.69
Mansfield0.76
10 Day High134.6
10 Day Low130
20 Day High134.6
20 Day Low122.7
52 Week High137.1
52 Week Low99.95
CS1 End133.5
CR1 Start133.8
Volume & EV
DER(3)3.04%
DER(5)2.26%
Volume809.89K
Volume Incr-48.34%
Vol(5)430.45K
Vol(50)799.62K