VAR ENERGI ASA (VAR.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:VAR - NO0011202772 - Common Stock
35 NOK
+1.16 (+3.43%)
Taking everything into account, VAR scores 5 out of 10 in our technical rating. In the last year, VAR was a below average performer in the market. There are positive signs in the very recent evolution, but the medium term picture is still mixed.
- When comparing the yearly performance of all stocks, VAR is a bad performer in the overall market: 70% of all stocks are doing better.
- The short term trend is positive, while the long term trend is neutral. So this is evolving in the right direction.
- In the last month VAR has a been trading in the 31.06 - 35.00 range, which is quite wide. It is currently trading near the high of this range.
- Volume is considerably higher in the last couple of days, which is what you like to see during a strong movement up.
- VAR has an average volume of 5503160 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
- VAR is part of the Oil, Gas & Consumable Fuels industry. There are 77 other stocks in this industry, VAR did better than 55% of them.
- VAR is currently trading in the middle of its 52 week range. The S&P500 Index however is currently trading near new highs, so VAR is lagging the market.
- Prices have been rising strongly lately, it may be a good idea to wait for a consolidation or pullback before considering an entry.
VAR has an average technical rating and also the quality of the setup is only medium at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
30.93
39.70
3 important support areas can be observed.
- Support @34.79 from a horizontal line in the daily time frame.
- A support zone ranging from 32.69 to 33.61. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 31.24 to 32.08. 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 35.37 to 35.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 38.82 to 39.31. This zone is formed by a combination of multiple trend lines in multiple time frames.
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 VAR.OL is neutral. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VAR.OL is up. |
| ChartMill Relative Strength | 30.05 | NEUTRAL | VAR.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VAR.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VAR.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VAR.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 63.5 | NEUTRAL | The RSI value for VAR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests VAR.OL has a positive trend. |
| Stochastics (14,3) | 89.71 | OVERBOUGHT | The high Stochastics value suggests VAR.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.62 | MEDIUM VOLATILITY | The ATR as a percentage value for VAR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 19.62 | NEGATIVE | The low ADX value for VAR.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:VAR (1/16/2026, 7:00:00 PM)
35
+1.16 (+3.43%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg3.43%
1 Week7.07%
2 Weeks4.79%
1 Month8.9%
3 Month9.79%
6 Month2.34%
12 Month-8.5%
2 Year14.27%
3 Year15.74%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.03
ATR(20)%2.62%
ATR Inc16.93%
Range Today1.14
ADR(20)0.78
ADR(20)%2.22%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.05
3 months CRS63.24
6 months CRS36.71
Mansfield-0.39
10 Day High35
10 Day Low31.42
20 Day High35
20 Day Low31.06
52 Week High38.35
52 Week Low26.81
CS1 End34.79
CR1 Start35.37
Volume & EV
DER(3)0.92%
DER(5)0.9%
Volume10.36M
Volume Incr74.28%
Vol(5)10.43M
Vol(50)5.50M
VAR ENERGI ASA / VAR.OL FAQ
What is the technical rating for VAR stock?
ChartMill assigns a technical rating of 5 / 10 to VAR.OL.
What is the trend direction for VAR stock?
The current trend direction for VAR ENERGI ASA (VAR.OL) is Bearish.
What is the RSI signal for VAR ENERGI ASA (VAR.OL) stock?
VAR ENERGI ASA (VAR.OL) has an RSI value of 63.4956. This indicates that the stock is currently neutral.
What is the short term momentum for VAR ENERGI ASA (VAR.OL) stock?
The short term momentum for VAR ENERGI ASA (VAR.OL) is positive.