STRONGPOINT ASA (STRO.OL) Stock Technical Analysis
OSL:STRO - Euronext Oslo - NO0010098247 - Common Stock - Currency: NOK
Taking everything into account, STRO scores 6 out of 10 in our technical rating. In the past year, STRO was only an average performing stock in the market. The medium term picture is unclear, although we see some positive events in recent action.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
When compared to the yearly performance of all other stocks, STRO outperforms 41% of them, which is more or less in line with the market.
STRO is part of the Electronic Equipment, Instruments & Components industry. There are 51 other stocks in this industry, STRO did better than 60% of them.
STRO is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so STRO is lagging the market slightly.
In the last month STRO has a been trading in the 8.74 - 11.05 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Volume is considerably higher in the last couple of days.
STRO has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. Another positive sign is the recent Pocket Pivot signal.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
8.84
11.88
When analyzing the support we can see 2 important areas.
- A support zone ranging from 9.17 to 9.30. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @8.93 from a horizontal line in the daily time frame.
When analyzing the resistance we notice 2 important areas.
- Resistance @11.39 from a trend line in the weekly time frame.
- A resistance zone ranging from 11.71 to 11.76. 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 | NEUTRAL | NEUTRAL | The long term trend for STRO.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for STRO.OL is up. |
| ChartMill Relative Strength | 41.19 | NEUTRAL | STRO.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of STRO.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of STRO.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of STRO.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 57.9 | NEUTRAL | The RSI value for STRO.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests STRO.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 66.14 | NEUTRAL | The Stochastics value for STRO.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.74 | MEDIUM VOLATILITY | The ATR as a percentage value for STRO.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.18 | POSITIVE | The high ADX value value for STRO.OL suggests a strong 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 |
|---|---|---|---|
| 11.06 | 9.41 | 1.65 (14.92%) | 6.70% |
| An entry @11.06. This is a Buy Stop order right above the 10 day high. | An exit @9.41. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.65 points, which is 14.92%. | For a 1.00% total portfolio risk, you can invest 6.70% of your capital in this trade. |
- 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:STRO (5/30/2025, 7:00:00 PM)
10.3
+0.1 (+0.98%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryElectronic Equipment, Instruments & Components
Performance
% Chg0.98%
1 Week4.46%
2 Weeks5.97%
1 Month13.44%
3 Month3%
6 Month0.49%
12 Month-5.07%
2 Year-51.87%
3 Year-52.75%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.52
ATR(20)%4.74%
ATR Inc50%
Range Today0.6
ADR(20)0.46
ADR(20)%4.42%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS41.19
Mansfield-0.28
10 Day High11.05
10 Day Low9.42
20 Day High11.05
20 Day Low8.74
52 Week High12.75
52 Week Low8.6
CS1 End9.3
CR1 Start11.39
Volume & EV
DER(3)-23550%
DER(5)-14130.1%
Volume2
Volume Incr139.63%
Vol(5)112.45K
Vol(50)51.35K