TROENDELAG SPA (TRSB.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:TRSB - NO0010788268 - Common Stock
We assign a technical rating of 3 out of 10 to TRSB. In the last year, TRSB was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
- When comparing the yearly performance of all stocks, TRSB is a bad performer in the overall market: 100% of all stocks are doing better.
- TRSB is one of the lesser performing stocks in the Banks industry. 75% of 111 stocks in the same industry do better.
- Warning: TRSB has an average volume of 545 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
- In the last month TRSB has a been trading in the 110.00 - 117.00 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.
Although the technical rating is bad, TRSB does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 111.30, a Stop Loss order could be placed below this zone. 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
104.96
2 important support areas can be observed.
- Support @111.30 from a horizontal line in the daily time frame.
- A support zone ranging from 106.02 to 106.22. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 113.71 to 116.96. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 119.98 to 120.00. 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 TRSB.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for TRSB.OL is neutral. |
| ChartMill Relative Strength | 0 | NEGATIVE | TRSB.OL has a low relative strength, it was outperformed by 100% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of TRSB.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of TRSB.OL is below a declining SMA(50). |
| Relative Strength Index/RSI (14) | 46.68 | NEUTRAL | The RSI value for TRSB.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.2 | NEGATIVE | The MACD value suggests TRSB.OL has a negative trend. |
| Stochastics (14,3) | 57.36 | NEUTRAL | The Stochastics value for TRSB.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.78 | LOW VOLATILITY | The low ATR as a percentage value for TRSB.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 15.24 | NEGATIVE | The low ADX value for TRSB.OL suggests a weak or negative trend. |
OSL:TRSB (1/16/2026, 7:00:00 PM)
113
-2 (-1.74%)
TROENDELAG SPA / TRSB.OL FAQ
Can you provide the ChartMill technical rating for TROENDELAG SPA?
ChartMill assigns a technical rating of 3 / 10 to TRSB.OL.
Can you provide the trend direction for TROENDELAG SPA?
The current trend direction for TROENDELAG SPA (TRSB.OL) is Bullish.
Can you provide the RSI signal for TROENDELAG SPA?
TROENDELAG SPA (TRSB.OL) has an RSI value of 46.6807. This indicates that the stock is currently neutral.
What is the short term momentum for TRSB stock?
The short term momentum for TROENDELAG SPA (TRSB.OL) is neutral.