Logo image of STRO.OL

STRONGPOINT ASA (STRO.OL) Stock Technical Analysis

OSL:STRO - Euronext Oslo - NO0010098247 - Common Stock - Currency: NOK

11.15  -0.1 (-0.89%)

Technical Rating and Analysis

7

Taking everything into account, STRO scores 7 out of 10 in our technical rating. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, STRO is only an average performer.

In the last month STRO has a been trading in the 11.00 - 12.20 range, which is quite wide. It is currently trading near the lows of this range.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
STRO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so STRO is lagging the market slightly.
When comparing the performance of all stocks over the past year, STRO turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
STRO is part of the Electronic Equipment, Instruments & Components industry. There are 52 other stocks in this industry, STRO did better than 56% of them.
Considerably lower volume is observed in the last couple of days.
Weekly and Daily overview Charts
STRONGPOINT ASA / STRO Weekly stock chart
STRONGPOINT ASA / STRO Daily stock chart
Setup Rating and Analysis

8

STRO has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 11.14, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for STRO 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.
Support and Resistance Analysis

11.03

12.08

When analyzing the support we notice one important area.

  • A support zone ranging from 11.14 to 11.14. This zone is formed by a combination of multiple trend lines in multiple time frames.

2 important resistance areas can be observed.

  • Resistance @11.75 from a horizontal line in the daily time frame.
  • A resistance zone ranging from 11.96 to 11.96. This zone is formed by a combination of multiple trend lines in multiple time frames.
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.

IndicatorValueSignalComment
ChartMill Long Term Trend IndicatorUPPOSITIVEThe long term trend for STRO.OL is up.
ChartMill Short Term Trend IndicatorNEUTRALNEUTRALThe short term trend for STRO.OL is neutral.
ChartMill Relative Strength64.41NEUTRALSTRO.OL is not amongst the best or worst performers on the market.
Simple Moving Average/SMA (20)UPMIXEDThe current price of STRO.OL is below the rising SMA(20).
Simple Moving Average/SMA (50)UPPOSITIVEThe current price of STRO.OL is above the rising SMA(50).
Simple Moving Average/SMA (200)UPPOSITIVEThe current price of STRO.OL is above the rising SMA(200).
Relative Strength Index/RSI (14)47.53NEUTRALThe RSI value for STRO.OL is a neutral value.
Moving Average Convergence Divergence/MACD (12, 26, 9)-0.1NEGATIVEThe MACD value suggests STRO.OL has a negative trend.
Stochastics (14,3)16.67OVERSOLDThe low Stochastics value suggests STRO.OL may be oversold.
Average True Range in percent/ATR (20)3.05MEDIUM VOLATILITYThe ATR as a percentage value for STRO.OL suggests some volalility.
Average Directional Index/ADX (14)35.25POSITIVEThe high ADX value value for STRO.OL suggests a strong trend.
Chart- and CandleStick Pattern Analysis
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)
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
11.4711.130.33 (2.92%)25.00%
An entry @11.46. This is a Buy Stop order right above the 10 day moving average.An exit @11.13. This is a Stop Loss order right below the support zone.The trade has a worst case loss of 0.33 points, which is 2.92%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.73%.

  • The distance between exit and entry is rather small compared to the average daily movement of STRO. 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.
STRONGPOINT ASA / STRO Daily stock chart

STRONGPOINT ASA

OSL:STRO (7/24/2025, 4:16:29 PM)

11.15

-0.1 (-0.89%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg-0.89%
1 Week-1.76%
2 Weeks-3.88%
1 Month1.36%
3 Month21.2%
6 Month1.83%
12 Month4.21%
2 Year-40.53%
3 Year-40.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.37
ATR(20)%3.05%
ATR Inc-30.69%
Range Today0.2
ADR(20)0.32
ADR(20)%2.89%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS64.41
Mansfield-0.07
10 Day High12.2
10 Day Low11
20 Day High12.2
20 Day Low11
52 Week High12.2
52 Week Low8.6
CS1 End11.14
CR1 Start11.75
Volume & EV
DER(3)-18.53%
DER(5)23494.6%
Volume4.69K
Volume Incr-82.42%
Vol(5)10.70K
Vol(50)58.41K