VEIDEKKE ASA (VEI.OL) Stock Technical Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
We assign a technical rating of 10 out of 10 to VEI. Both in the recent history as in the last year, VEI has proven to be a steady performer, scoring decent points in every aspect analyzed.
Both the short term and long term trends are positive. This is a very positive sign.
Looking at the yearly performance, VEI did better than 87% of all other stocks. We also observe that the gains produced by VEI over the past year are nicely spread over this period.
A new 52 week high is currently being made by VEI, which is a very good signal! However, this is in line with the S&P500, which is also trading near new highs.
In the last month VEI has a been trading in the 153.20 - 162.60 range, which is quite wide. It is currently trading near the high of this range.
VEI is an average performer in the Construction & Engineering industry, it outperforms 70% of 41 stocks in the same industry.
Considerably lower volume is observed in the last couple of days.
Although VEI has an excellent technical rating, it does not present a decent entry opportunity 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
136.22
163.63
When analyzing the support we can see 4 important areas.
- A support zone ranging from 157.15 to 160.80. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @149.44 from a trend line in the weekly time frame.
- Support @146.92 from a trend line in the daily time frame.
- A support zone ranging from 137.60 to 143.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
We found 1 important resistance area.
- A resistance zone ranging from 161.41 to 162.01. 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 | 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 | 87.07 | POSITIVE | VEI.OL has a high relative strength, it outperformed 87.07% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of VEI.OL is above the rising 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) | 66.39 | NEUTRAL | The RSI value for VEI.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests VEI.OL has a positive trend. |
| Stochastics (14,3) | 89.33 | OVERBOUGHT | The high Stochastics value suggests VEI.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.22 | LOW VOLATILITY | The low ATR as a percentage value for VEI.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 24.77 | NEUTRAL | The ADX value for VEI.OL suggests a possible start of a new 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:VEI (7/1/2025, 4:19:50 PM)
161.4
-0.6 (-0.37%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.37%
1 Week1.64%
2 Weeks2.8%
1 Month3.46%
3 Month15.12%
6 Month14.47%
12 Month39.86%
2 Year41.08%
3 Year62.21%
5 Year31.01%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.03
ATR(20)%1.22%
ATR Inc20.86%
Range Today1.8
ADR(20)1.94
ADR(20)%1.2%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS87.07
Mansfield0.91
10 Day High162.6
10 Day Low155.6
20 Day High162.6
20 Day Low153.2
52 Week High162.6
52 Week Low112
CS1 End148.73
CR1 Start159.61
Volume & EV
DER(3)-0.42%
DER(5)-0.72%
Volume17.86K
Volume Incr-42.24%
Vol(5)37.09K
Vol(50)78.00K