VAR ENERGI ASA (VAR.OL) Stock Technical Analysis
OSL:VAR - Euronext Oslo - NO0011202772 - Common Stock - Currency: NOK
Overall VAR gets a technical rating of 6 out of 10. VAR has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
The long term trend is still neutral, but the short term trend is positive, so the stock is getting more and more appreciated by traders and investors.
In the last month VAR has a been trading in the 28.54 - 34.73 range, which is quite wide. It is currently trading near the high of this range.
VAR has an average volume of 5846820 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
When comparing the performance of all stocks over the past year, VAR turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
VAR is part of the Oil, Gas & Consumable Fuels industry. There are 61 other stocks in this industry, VAR did better than 66% of them.
VAR 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 VAR is lagging the market slightly.
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 it also does not offer a high quality setup at the moment. Prices have been extended to the upside lately. For a nice entry it is better to wait for a consolidation.
More info and screens
30.05
39.70
When analyzing the support we notice one important area.
- A support zone ranging from 30.35 to 30.45. This zone is formed by a combination of multiple trend lines in the daily time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 39.28 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 | 40.38 | 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) | DOWN | MIXED | The current price of VAR.OL is above a declining SMA(200). |
| Relative Strength Index/RSI (14) | 75.91 | OVERBOUGHT | The high RSI value suggests VAR.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.45 | POSITIVE | The MACD value suggests VAR.OL has a positive trend. |
| Stochastics (14,3) | 89.8 | OVERBOUGHT | The high Stochastics value suggests VAR.OL may be overbought. |
| Average True Range in percent/ATR (20) | 2.28 | MEDIUM VOLATILITY | The ATR as a percentage value for VAR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 32.86 | POSITIVE | The high ADX value value for VAR.OL suggests a strong 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 (6/19/2025, 2:31:12 PM)
35.04
+0.61 (+1.77%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg1.77%
1 Week7.86%
2 Weeks13.41%
1 Month18.32%
3 Month3.64%
6 Month1.23%
12 Month-4.17%
2 Year17.95%
3 Year-10.93%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.82
ATR(20)%2.28%
ATR Inc-4.77%
Range Today0.45
ADR(20)0.68
ADR(20)%1.93%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.38
Mansfield-0.2
10 Day High34.73
10 Day Low30.29
20 Day High34.73
20 Day Low28.54
52 Week High39.49
52 Week Low26.81
CS1 End30.45
CR1 Start39.28
Volume & EV
DER(3)1.91%
DER(5)-0.05%
Volume2.68M
Volume Incr78.67%
Vol(5)7.53M
Vol(50)5.85M