TECHSTEP ASA (TECH.OL) Stock Technical Analysis
OSL:TECH - Euronext Oslo - NO0012916131 - Common Stock - Currency: NOK
Overall TECH gets a technical rating of 6 out of 10. In the past year, TECH was one of the better performing stocks in the market. The medium term picture became unclear, although we see some improvement happening in recent action.
Warning: TECH has an average volume of 14723 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
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.
Looking at the yearly performance, TECH did better than 74% of all other stocks.
TECH is one of the better performing stocks in the Technology Hardware, Storage & Peripherals industry, it outperforms 74% of 28 stocks in the same industry.
In the last month TECH has a been trading in the 10.55 - 12.50 range, which is quite wide. It is currently trading near the high of this range.
Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
TECH 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 TECH is lagging the market slightly.
Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
TECH has an average technical rating and the quality of the presented setup is also not ideal 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
10.53
12.53
When analyzing the support we notice one important area.
- A support zone ranging from 10.64 to 11.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 12.41 to 12.41. 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 TECH.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for TECH.OL is up. |
| ChartMill Relative Strength | 74.13 | POSITIVE | TECH.OL has a high relative strength, it outperformed 74.13% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of TECH.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TECH.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of TECH.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 60.81 | NEUTRAL | The RSI value for TECH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.16 | POSITIVE | The MACD value suggests TECH.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 87.72 | OVERBOUGHT | The high Stochastics value suggests TECH.OL may be overbought. |
| Average True Range in percent/ATR (20) | 4.26 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 26.68 | POSITIVE | The high ADX value value for TECH.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 |
|---|---|---|---|
| 12.42 | 10.79 | 1.63 (13.12%) | 7.62% |
| An entry @12.42. This is a Buy Stop order right above the resistance zone. | An exit @10.79. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 1.63 points, which is 13.12%. | When investing 7.62% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:TECH (5/28/2025, 12:47:35 PM)
12.1
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg0%
1 Week6.61%
2 Weeks8.52%
1 Month10%
3 Month-3.2%
6 Month0%
12 Month27.91%
2 Year-28.74%
3 Year326.06%
5 Year348.15%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.5
ATR(20)%4.26%
ATR Inc-31.47%
Range Today0
ADR(20)0.47
ADR(20)%3.9%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS74.13
Mansfield-0.42
10 Day High12.5
10 Day Low10.8
20 Day High12.5
20 Day Low10.55
52 Week High15
52 Week Low9.1
CS1 End11.08
CR1 Start12.41
Volume & EV
DER(3)-0.69%
DER(5)0.46%
Volume1.55K
Volume Incr581.53%
Vol(5)53.37K
Vol(50)14.72K