STATOIL ASA (STO) Stock Technical Analysis
NYSE:STO - New York Stock Exchange, Inc. - US85771P1021
Overall STO 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, STO is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that STO is one of the better performing stocks in the market, outperforming 90% of all stocks. On top of that, STO also shows a nice and consistent pattern of rising prices.
STO 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 STO is leading the market.
In the last month STO has a been trading in the 24.68 - 27.35 range, which is quite wide. It is currently trading near the high of this range.
STO has an average volume of 2125870 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
Although STO has an excellent technical rating, it does not present a decent entry opportunity 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
22.96
27.41
We found 4 important support areas.
- A support zone ranging from 26.46 to 26.53. 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 24.77 to 25.18. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @23.85 from a trend line in the weekly time frame.
- A support zone ranging from 23.19 to 23.34. 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 STO is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STO is up. |
| ChartMill Relative Strength | 90.03 | POSITIVE | STO has a high relative strength, it outperformed 90.03% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STO is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STO is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STO is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 68.25 | NEUTRAL | The RSI value for STO is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.1 | POSITIVE | The MACD value suggests STO has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 95.22 | OVERBOUGHT | The high Stochastics value suggests STO may be overbought. |
| Average True Range in percent/ATR (20) | 1.87 | LOW VOLATILITY | The low ATR as a percentage value for STO suggests low volalility. |
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)
27.14
-0.18 (-0.66%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg-0.66%
1 Week1.84%
2 Weeks6.93%
1 Month3.67%
3 Month20.46%
6 Month36.11%
12 Month48.88%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%1.87%
ATR Inc-23.86%
Range Today0.3
ADR(20)N/A
ADR(20)%N/A
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS90.03
Mansfield2.35
10 Day High27.35
10 Day Low25.17
20 Day High27.35
20 Day Low24.68
52 Week High27.35
52 Week Low16.18
CS1 End26.53
CR1 StartN/A
Volume & EV
DER(3)7.63%
DER(5)7.25%
Volume1.14M
Volume Incr-37.08%
Vol(5)1.57M
Vol(50)2.13M