TECHSTEP ASA (TECH.OL) Stock Technical Analysis
OSL:TECH - Euronext Oslo - NO0012916131 - Common Stock - Currency: NOK
Overall TECH gets a technical rating of 3 out of 10. TECH has been an average performer in the overall market. Also recent evolutions are not that positive: both the medium and short term time frames give negative signs.
Warning: TECH has an average volume of 23031 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month TECH has a been trading in the 10.85 - 12.55 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
When compared to the yearly performance of all other stocks, TECH outperforms 69% of them, which is more or less in line with the market.
TECH is part of the Technology Hardware, Storage & Peripherals industry. There are 28 other stocks in this industry, TECH did better than 66% of them.
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.
Volume is considerably higher in the last couple of days.
TECH has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- 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
10.53
12.83
When analyzing the support we can see 3 important areas.
- A support zone ranging from 11.80 to 11.88. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @11.21 from a trend line in the weekly time frame.
- A support zone ranging from 10.64 to 10.94. This zone is formed by a combination of multiple trend lines in multiple time frames.
3 important resistance areas can be observed.
- Resistance @12.15 from a trend line in the daily time frame.
- A resistance zone ranging from 12.41 to 12.45. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @12.70 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for TECH.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TECH.OL is neutral. |
| ChartMill Relative Strength | 69.18 | NEUTRAL | TECH.OL is not amongst the best or worst performers 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) | DOWN | MIXED | The current price of TECH.OL is above a declining SMA(50). |
| Simple Moving Average/SMA (200) | UP | MIXED | The current price of TECH.OL is below the rising SMA(200). |
| Relative Strength Index/RSI (14) | 50.48 | NEUTRAL | The RSI value for TECH.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.04 | NEGATIVE | The MACD value suggests TECH.OL has a negative trend. |
| Stochastics (14,3) | 33.33 | NEUTRAL | The Stochastics value for TECH.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 5.15 | HIGH VOLATILITY | The high ATR as a percentage value for TECH.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 18.52 | 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)
OSL:TECH (6/19/2025, 12:04:35 PM)
11.95
+0.2 (+1.7%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryTechnology Hardware, Storage & Peripherals
Performance
% Chg1.7%
1 Week0.43%
2 Weeks-1.26%
1 Month5.38%
3 Month-5.24%
6 Month-10.31%
12 Month23.68%
2 Year-28.21%
3 Year345.08%
5 Year341.73%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.65
ATR(20)%5.15%
ATR Inc67.3%
Range Today0.3
ADR(20)0.53
ADR(20)%4.39%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS69.18
Mansfield-0.85
10 Day High12.5
10 Day Low11.25
20 Day High12.55
20 Day Low10.85
52 Week High15
52 Week Low9.3
CS1 End11.21
CR1 Start11.8
Volume & EV
DER(3)0%
DER(5)0%
Volume33.83K
Volume Incr274.82%
Vol(5)91.75K
Vol(50)23.03K