TEKNA HOLDING ASA (TEKNA.OL) Stock Technical Analysis
OSL:TEKNA - Euronext Oslo - NO0010951577 - Common Stock - Currency: NOK
Taking everything into account, TEKNA scores 7 out of 10 in our technical rating. Although TEKNA is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
TEKNA has an excellent technical rating and also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is a resistance zone just above the current price starting at 6.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 5.71, a Stop Loss order could be placed below this zone. 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
5.45
When analyzing the support we notice one important area.
- A support zone ranging from 5.50 to 5.71. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 6.01 to 6.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @6.20 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 | UP | POSITIVE | The long term trend for TEKNA.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TEKNA.OL is neutral. |
| ChartMill Relative Strength | 55.16 | NEUTRAL | TEKNA.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TEKNA.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of TEKNA.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | MIXED | The current price of TEKNA.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 50.41 | NEUTRAL | The RSI value for TEKNA.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests TEKNA.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 50.08 | NEUTRAL | The Stochastics value for TEKNA.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 9.13 | HIGH VOLATILITY | The high ATR as a percentage value for TEKNA.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 8.42 | NEGATIVE | The low ADX value for TEKNA.OL suggests a weak or negative trend. |
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 |
|---|---|---|---|
| 6.09 | 5.49 | 0.60 (9.85%) | 10.15% |
| An entry @6.09. This is a Buy Stop order right above the resistance zone. | An exit @5.49. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 0.60 points, which is 9.85%. | For a 1.00% total portfolio risk, you can invest 10.15% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of TEKNA. Please evaluate whether better entry and exit points can be found.
- 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:TEKNA (5/28/2025, 7:00:00 PM)
5.72
-0.02 (-0.35%)