VAR ENERGI ASA (VAR.OL) Stock Technical Analysis
Europe - OSL:VAR - NO0011202772 - Common Stock
34.16 NOK
+0.21 (+0.62%)
Taking everything into account, VAR scores 3 out of 10 in our technical rating. In the last year, VAR was among the worst performers in the market. Also the short term picture is negative, the medium term is unclear at the moment.
70% of all other stocks performed better in the past year than VAR.
VAR has an average volume of 3993280 traded shares per day. This is a good sign as it is always nice to have a liquid stock.
The long and short term trends are both neutral. This gives a pretty neutral overall picture!
VAR is part of the Oil, Gas & Consumable Fuels industry. There are 62 other stocks in this industry, VAR did better than 57% 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.
In the last month VAR has a been trading in the 32.08 - 35.58 range, which is quite wide. It is currently trading in the middle of this range, so some resistance may be found above.
VAR has a poor technical rating and the quality of the setup is also not perfect 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
31.93
39.21
When analyzing the support we notice one important area.
- A support zone ranging from 32.25 to 34.16. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
When analyzing the resistance we notice 4 important areas.
- Resistance @34.34 from a horizontal line in the daily time frame.
- A resistance zone ranging from 35.37 to 35.76. 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.
- Resistance @38.82 from a horizontal line 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 | NEUTRAL | NEUTRAL | The long term trend for VAR.OL is neutral. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for VAR.OL is neutral. |
| ChartMill Relative Strength | 30.47 | 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) | DOWN | MIXED | The current price of VAR.OL is above a declining 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) | 52.82 | NEUTRAL | The RSI value for VAR.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.06 | POSITIVE | The MACD value suggests VAR.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.33 | NEUTRAL | The Stochastics value for VAR.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.14 | MEDIUM VOLATILITY | The ATR as a percentage value for VAR.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.91 | 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 (10/3/2025, 7:00:00 PM)
34.16
+0.21 (+0.62%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryOil, Gas & Consumable Fuels
Performance
% Chg0.62%
1 Week-3.75%
2 Weeks4.27%
1 Month3.58%
3 Month2.77%
6 Month16.59%
12 Month-5.9%
2 Year-9.22%
3 Year-3.64%
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.76
ATR(20)%2.14%
ATR Inc-21.93%
Range Today0.55
ADR(20)0.68
ADR(20)%1.99%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS30.47
Mansfield-0.87
10 Day High35.58
10 Day Low32.67
20 Day High35.58
20 Day Low32.08
52 Week High39.49
52 Week Low26.81
CS1 End34.16
CR1 Start34.34
Volume & EV
DER(3)1.28%
DER(5)-0.7%
Volume3.01M
Volume Incr-7.05%
Vol(5)4.09M
Vol(50)3.99M