TECHSTEP ASA (TECH.OL) Stock Technical Analysis
OSL:TECH - Euronext Oslo - NO0012916131 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to TECH. Although TECH is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Warning: TECH has an average volume of 27331 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, TECH outperforms 58% of them, which is more or less in line with the market.
TECH is an average performer in the Technology Hardware, Storage & Peripherals industry, it outperforms 65% of 27 stocks in the same industry.
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.
In the last month TECH has a been trading in the 11.60 - 13.60 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
Considerably lower volume is observed in the last couple of days.
Besides having an excellent technical rating, TECH also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. A pullback is taking place, which may present a nice opportunity for an entry. There is a resistance zone just above the current price starting at 13.40. Right above this resistance zone may be a good entry point. 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
11.18
13.65
When analyzing the support we can see 3 important areas.
- Support @12.70 from a trend line in the daily time frame.
- Support @12.04 from a trend line in the daily time frame.
- A support zone ranging from 11.29 to 11.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 13.40 to 13.51. This zone is formed by a combination of multiple trend lines in the daily time frame.
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 TECH.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECH.OL is neutral. |
| ChartMill Relative Strength | 58.6 | NEUTRAL | TECH.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TECH.OL is below 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) | UP | POSITIVE | The current price of TECH.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 52.48 | NEUTRAL | The RSI value for TECH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.05 | NEGATIVE | The MACD value suggests TECH.OL has a negative trend. |
| Stochastics (14,3) | 70.24 | NEUTRAL | The Stochastics value for TECH.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 4.46 | MEDIUM VOLATILITY | The ATR as a percentage value for TECH.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.08 | NEGATIVE | The low ADX value for TECH.OL suggests a weak or negative 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 |
|---|---|---|---|
| 13.52 | 12.69 | 0.83 (6.14%) | 16.29% |
| An entry @13.52. This is a Buy Stop order right above the resistance zone. | An exit @12.69. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.83 points, which is 6.14%. | For a 1.00% total portfolio risk, you can invest 16.29% 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:TECH (8/1/2025, 7:00:00 PM)
12.95
-0.15 (-1.15%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg-1.15%
1 Week-1.15%
2 Weeks-2.63%
1 Month9.28%
3 Month17.73%
6 Month-7.17%
12 Month0%
2 Year30.81%
3 Year590.67%
5 Year259.72%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.54
ATR(20)%4.46%
ATR Inc-15.66%
Range Today0.45
ADR(20)0.53
ADR(20)%4.07%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS58.6
Mansfield-0.2
10 Day High13.5
10 Day Low12.2
20 Day High13.6
20 Day Low11.6
52 Week High14.95
52 Week Low10.1
CS1 End12.7
CR1 Start13.4
Volume & EV
DER(3)-0.02%
DER(5)-0.01%
Volume14.71K
Volume Incr-25.54%
Vol(5)12.62K
Vol(50)27.33K