VAR ENERGI ASA (VAR.OL) Stock Technical Analysis
OSL:VAR - Euronext Oslo - NO0011202772 - Common Stock - Currency: NOK
We assign a technical rating of 7 out of 10 to VAR. This is due to a decent performance in both the short and medium term time frames. Compared to the overall market, VAR is only an average performer.
The long and short term trends are both positive. This is looking good!
In the last month VAR has a been trading in the 32.12 - 37.19 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
VAR has an average volume of 4810430 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 46% of all stocks.
VAR is an average performer in the Oil, Gas & Consumable Fuels industry, it outperforms 67% of 60 stocks in the same industry.
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.
Considerably lower volume is observed in the last couple of days.
VAR has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 33.83, 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
31.45
39.67
We found 2 important support areas.
- A support zone ranging from 33.57 to 33.83. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 31.77 to 32.45. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- A resistance zone ranging from 34.34 to 35.09. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @37.72 from a horizontal line in the weekly time frame.
- A resistance zone ranging from 38.82 to 39.28. This zone is formed by a combination of multiple trend lines in the weekly 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 VAR.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VAR.OL is up. |
| ChartMill Relative Strength | 46.57 | NEUTRAL | VAR.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VAR.OL is above a declining 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) | 59.75 | NEUTRAL | The RSI value for VAR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests VAR.OL has a negative trend. |
| Stochastics (14,3) | 70.72 | NEUTRAL | The Stochastics value for VAR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.39 | MEDIUM VOLATILITY | The ATR as a percentage value for VAR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 31.64 | 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)
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 |
|---|---|---|---|
| 35.10 | 33.56 | 1.54 (4.39%) | 22.79% |
| An entry @35.10. This is a Buy Stop order right above the resistance zone. | An exit @33.56. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 1.54 points, which is 4.39%. | For a 1.00% total portfolio risk, you can invest 22.79% of your capital in this trade. |
- 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:VAR (7/18/2025, 4:19:50 PM)
34.26
+0.24 (+0.71%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.71%
1 Week1.4%
2 Weeks2.84%
1 Month-4.25%
3 Month16.83%
6 Month-11.06%
12 Month-4.17%
2 Year10.1%
3 Year-11.96%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.61
ATR(20)%2.39%
ATR Inc-26.66%
Range Today0.25
ADR(20)0.71
ADR(20)%2.08%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.57
Mansfield-0.64
10 Day High35
10 Day Low32.76
20 Day High37.19
20 Day Low32.12
52 Week High39.49
52 Week Low26.81
CS1 End33.83
CR1 Start34.34
Volume & EV
DER(3)-5.29%
DER(5)-4.57%
Volume1.68M
Volume Incr-49.05%
Vol(5)2.99M
Vol(50)4.81M