ULTIMOVACS ASA (ULTI.OL) Technical Analysis
OSL:ULTI • NO0010851603
Current stock price
ULTI.OL Technical Rating and Analysis
We assign a technical rating of 1 out of 10 to ULTI. ULTI scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
- The long term trend is still negative, but the short term trend is neutral. It is advised to wait a little bit longer to see how this turns out.
- 97% of all other stocks performed better in the past year than ULTI.
- ULTI is one of the lesser performing stocks in the Biotechnology industry. 77% of 72 stocks in the same industry do better.
- ULTI is currently trading near the lower end of its 52 week range, which is not a good sign. Certainly not because the S&P500 Index is trading near new 52 week highs at the moment.
- In the last month ULTI has a been trading in the 2.00 - 2.60 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been falling strongly lately, it is better to avoid new long positions here.
- Considerably lower volume is observed in the last couple of days.
ULTI.OL Weekly and Daily overview Charts
ULTI.OL Setup Rating and Analysis
ULTI has a bad technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is very little resistance above the current price. There is a support zone below the current price at 2.08, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for ULTI in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
More info and screens
ULTI.OL Support and Resistance Analysis
2.05
When analyzing the support we notice one important area.
- A support zone ranging from 2.07 to 2.08. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 5 important areas.
- Resistance @2.12 from a trend line in the daily time frame.
- A resistance zone ranging from 2.24 to 2.31. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Resistance @2.44 from a trend line in the daily time frame.
- Resistance @2.48 from a horizontal line in the daily time frame.
- Resistance @2.83 from a horizontal line in the daily time frame.
ULTI.OL Technical Indicator Signal Analysis
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 | DOWN | NEGATIVE | The long term trend for ULTI.OL is down. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for ULTI.OL is neutral. |
| ChartMill Relative Strength | 3.91 | NEGATIVE | ULTI.OL has a low relative strength, it was outperformed by 96.09% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | MIXED | The current price of ULTI.OL is below the rising SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of ULTI.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of ULTI.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 43.35 | NEUTRAL | The RSI value for ULTI.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.01 | NEGATIVE | The MACD value suggests ULTI.OL has a negative trend. |
| Stochastics (14,3) | 32.78 | NEUTRAL | The Stochastics value for ULTI.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 7.65 | HIGH VOLATILITY | The high ATR as a percentage value for ULTI.OL suggests high volalility. |
| Average Directional Index/ADX (14) | 23.23 | NEUTRAL | The ADX value for ULTI.OL suggests a possible start of a new trend. |
ULTI.OL Chart- and CandleStick Pattern Analysis
ULTI.OL Technicals: Chart, Performance Metrics, Trend & Indicators
OSL:ULTI (3/4/2025, 10:37:28 AM)
2.11
-0.07 (-3.21%)
ULTIMOVACS ASA / ULTI.OL TA FAQ
What is the ChartMill technical rating of ULTIMOVACS ASA (ULTI.OL) stock?
ChartMill assigns a technical rating of 1 / 10 to ULTI.OL.
What is the current trend direction of ULTIMOVACS ASA (ULTI.OL) stock?
The current trend direction for ULTIMOVACS ASA (ULTI.OL) is Bearish.
What is the RSI signal for ULTI stock?
ULTIMOVACS ASA (ULTI.OL) has an RSI value of 43.3466. This indicates that the stock is currently neutral.
What is the short term momentum for ULTI stock?
The short term momentum for ULTIMOVACS ASA (ULTI.OL) is neutral.
What is the support and resistance level for ULTI stock?
ULTIMOVACS ASA (ULTI.OL) has a support level at 2.08 and a resistance level at 2.12. Check the full technical report for our detailed analysis of ULTI.OL support and resistance levels.