STATOIL ASA (STO) Technical Analysis
NYSE:STO • US85771P1021
Current stock price
STO Technical Rating and Analysis
We assign a technical rating of 10 out of 10 to STO. Both in the recent history as in the last year, STO has proven to be a steady performer, scoring decent points in every aspect analyzed.
- The long and short term trends are both positive. This is looking good!
- Looking at the yearly performance, STO did better than 90% of all other 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 however is also trading near new highs, which makes the performance in line with 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.
STO Weekly and Daily overview Charts
STO Setup Rating and Analysis
Although STO 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
STO Support and Resistance Analysis
22.96
4 important support areas can be observed.
- 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.
STO Technical Indicator Signal Analysis
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. |
STO Chart- and CandleStick Pattern Analysis
STO Technicals: Chart, Performance Metrics, Trend & Indicators
27.14
-0.18 (-0.66%)
STATOIL ASA / STO TA FAQ
What is the technical rating for STO stock?
ChartMill assigns a technical rating of 10 / 10 to STO.
What is the current trend direction of STATOIL ASA (STO) stock?
The current trend direction for STATOIL ASA (STO) is Bullish.
Can you provide the RSI signal for STATOIL ASA?
STATOIL ASA (STO) has an RSI value of 68.2546. This indicates that the stock is currently neutral.
What is the short term momentum for STO stock?
The short term momentum for STATOIL ASA (STO) is positive.
What are the support and resistance levels for STATOIL ASA (STO) stock?
STATOIL ASA (STO) has a support level at 26.53. Check the full technical report for our detailed analysis of STO support and resistance levels.