VEIDEKKE ASA (VEI.OL) Stock Technical Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
Taking everything into account, VEI scores 10 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, VEI is showing a nice and steady performance.
Both the short term and long term trends are positive. This is a very positive sign.
When comparing the yearly performance of all stocks, we notice that VEI is one of the better performing stocks in the market, outperforming 83% of all stocks. On top of that, VEI also shows a nice and consistent pattern of rising prices.
VEI is currently trading in the upper part of its 52 week range. The S&P500 Index is also trading in the upper part of its 52 week range, so VEI is performing more or less in line with the market.
In the last month VEI has a been trading in the 141.80 - 161.40 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.
VEI is part of the Construction & Engineering industry. There are 41 other stocks in this industry, VEI did better than 47% of them.
VEI 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 very little resistance above the current price.
More info and screens
136.22
155.73
We found 2 important support areas.
- Support @145.89 from a trend line in the weekly time frame.
- A support zone ranging from 137.60 to 143.54. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- Resistance @154.19 from a trend line in the daily 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 VEI.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for VEI.OL is up. |
| ChartMill Relative Strength | 83.94 | POSITIVE | VEI.OL has a high relative strength, it outperformed 83.94% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of VEI.OL is above a declining SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of VEI.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of VEI.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 56.02 | NEUTRAL | The RSI value for VEI.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.15 | POSITIVE | The MACD value suggests VEI.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 93.36 | OVERBOUGHT | The high Stochastics value suggests VEI.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.97 | LOW VOLATILITY | The low ATR as a percentage value for VEI.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 14.91 | NEGATIVE | The low ADX value for VEI.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)
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 |
|---|---|---|---|
| 154.20 | 147.99 | 6.21 (4.03%) | 24.83% |
| An entry @154.20. This is a Buy Stop order right above the resistance zone. | An exit @147.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 6.21 points, which is 4.03%. | When investing 24.83% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:VEI (5/30/2025, 7:00:00 PM)
154
-0.8 (-0.52%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.52%
1 Week1.72%
2 Weeks2.94%
1 Month-1.53%
3 Month6.35%
6 Month12.74%
12 Month34.15%
2 Year49.51%
3 Year53.39%
5 Year55.56%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.04
ATR(20)%1.97%
ATR Inc-62.08%
Range Today1.4
ADR(20)2.41
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS83.94
Mansfield1.12
10 Day High155
10 Day Low148
20 Day High161.4
20 Day Low141.8
52 Week High161.4
52 Week Low110.8
CS1 End145.89
CR1 Start154.19
Volume & EV
DER(3)1.8%
DER(5)-1.34%
Volume61.34K
Volume Incr-48.44%
Vol(5)55.09K
Vol(50)84.12K