VEIDEKKE ASA (VEI.OL) Stock Technical Analysis
OSL:VEI - Euronext Oslo - NO0005806802 - Common Stock - Currency: NOK
Overall VEI gets a technical rating of 10 out of 10. 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.
The long and short term trends are both positive. This is looking good!
When comparing the yearly performance of all stocks, we notice that VEI is one of the better performing stocks in the market, outperforming 81% of all stocks. We also observe that the gains produced by VEI over the past year are nicely spread over this period.
VEI is part of the Construction & Engineering industry. There are 46 other stocks in this industry. VEI outperforms 71% of them.
VEI is currently trading near its 52 week high, which is a good sign. The S&P500 Index however is also trading near new highs, which makes the performance in line with the market.
In the last month VEI has a been trading in the 159.00 - 168.80 range, which is quite wide. It is currently trading near the high of this range.
Prices have been consolidating recently, this may present a good entry opportunity.
Considerably lower volume is observed in the last couple of days, which is a good thing during a pullback.
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 a resistance zone just above the current price starting at 167.01. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 165.94, a Stop Loss order could be placed below this zone.
More info and screens
136.22
169.89
When analyzing the support we can see 5 important areas.
- A support zone ranging from 164.85 to 165.94. 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 147.39 to 151.58. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @143.00 from a horizontal line in the daily time frame.
- Support @140.00 from a horizontal line in the weekly time frame.
- Support @137.60 from a horizontal line in the daily time frame.
We found 1 important resistance area.
- A resistance zone ranging from 167.01 to 168.21. 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 | 81.79 | POSITIVE | VEI.OL has a high relative strength, it outperformed 81.79% 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) | 61.32 | NEUTRAL | The RSI value for VEI.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.31 | NEGATIVE | The MACD value suggests VEI.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 73.64 | NEUTRAL | The Stochastics value for VEI.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 1.5 | LOW VOLATILITY | The low ATR as a percentage value for VEI.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 23.03 | 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)
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 |
|---|---|---|---|
| 168.22 | 164.84 | 3.38 (2.01%) | 25.00% |
| An entry @168.22. This is a Buy Stop order right above the resistance zone. | An exit @164.84. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 3.38 points, which is 2.01%. | For a 0.50% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of VEI. Please evaluate whether better entry and exit points can be found.
- 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 (7/25/2025, 7:00:00 PM)
166.8
-0.2 (-0.12%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.12%
1 Week1.46%
2 Weeks-0.12%
1 Month4.51%
3 Month10.61%
6 Month17.63%
12 Month36.72%
2 Year45.8%
3 Year67.64%
5 Year35.39%
10 YearN/A
15 YearN/A
Volatility
ATR(14)2.59
ATR(20)%1.5%
ATR Inc-35.71%
Range Today2.2
ADR(20)2.3
ADR(20)%1.38%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS81.79
Mansfield0.8
10 Day High168.8
10 Day Low160.2
20 Day High168.8
20 Day Low159
52 Week High168.8
52 Week Low112
CS1 End165.94
CR1 Start167.01
Volume & EV
DER(3)0.19%
DER(5)-0.44%
Volume28.56K
Volume Incr-45.02%
Vol(5)31.14K
Vol(50)58.67K