SPAREBANKEN VEST (SVEG.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:SVEG - NO0006000900 - Common Stock
We assign a technical rating of 5 out of 10 to SVEG. In the last year, SVEG was an average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- In the last month SVEG has a been trading in the 120.00 - 142.66 range, which is quite wide. It is currently trading near the high of this range.
- Both the short term and long term trends are neutral. So this is not the most entertaining stock around.
- When comparing the performance of all stocks over the past year, SVEG turns out to be only a medium performer in the overall market: it outperformed 64% of all stocks.
- SVEG is an average performer in the Banks industry, it outperforms 47% of 111 stocks in the same industry.
- SVEG is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so SVEG is lagging the market.
SVEG has an average technical rating and it also 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
121.89
3 important support areas can be observed.
- A support zone ranging from 136.36 to 139.13. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 125.23 to 129.15. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @123.12 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 147.50 to 149.21. 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 SVEG.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for SVEG.OL is neutral. |
| ChartMill Relative Strength | 64.54 | NEUTRAL | SVEG.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of SVEG.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of SVEG.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of SVEG.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 58.57 | NEUTRAL | The RSI value for SVEG.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 1.1 | POSITIVE | The MACD value suggests SVEG.OL has a positive trend. |
| Stochastics (14,3) | 95.63 | OVERBOUGHT | The high Stochastics value suggests SVEG.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.57 | MEDIUM VOLATILITY | The ATR as a percentage value for SVEG.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.98 | NEUTRAL | The ADX value for SVEG.OL suggests a possible start of a new trend. |
OSL:SVEG (4/30/2025, 4:20:02 PM)
141.72
+4.74 (+3.46%)
SPAREBANKEN VEST / SVEG.OL FAQ
What is the technical rating for SVEG stock?
ChartMill assigns a technical rating of 5 / 10 to SVEG.OL.
What is the trend direction for SVEG stock?
The current trend direction for SPAREBANKEN VEST (SVEG.OL) is Bearish.
What is the RSI signal for SVEG stock?
SPAREBANKEN VEST (SVEG.OL) has an RSI value of 58.5681. This indicates that the stock is currently neutral.
What is the short term momentum for SVEG stock?
The short term momentum for SPAREBANKEN VEST (SVEG.OL) is neutral.