WEBSTEP ASA (WSTEP.OL) Stock Technical Analysis
OSL:WSTEP - NO0010609662 - Common Stock
22.6 NOK
0 (0%)
Overall WSTEP gets a technical rating of 0 out of 10. WSTEP scores bad on all fronts: it is a bad performer in the overall market and both the medium and short term pictures are negative.
The short term trend is negative, as is the long term trend. There should be more interesting stocks out there.
When comparing the yearly performance of all stocks, WSTEP is a bad performer in the overall market: 76% of all stocks are doing better.
WSTEP is currently trading in the lower part of its 52 week range, which is not a good signal. Certainly not because the S&P500 Index is trading near new highs.
In the last month WSTEP has a been trading in the 22.60 - 24.60 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WSTEP has an average volume of 27480 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
WSTEP is part of the IT Services industry. There are 71 other stocks in this industry, WSTEP did better than 64% of them.
Although the technical rating is bad, WSTEP does present a nice setup opportunity. Prices have been consolidating lately and the volatility has been reduced. There is a support zone below the current price at 22.59, a Stop Loss order could be placed below this zone.
More info and screens
21.19
25.86
We found 2 important support areas.
- A support zone ranging from 22.59 to 22.59. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @21.40 from a horizontal line in the weekly time frame.
4 important resistance areas can be observed.
- A resistance zone ranging from 23.31 to 23.32. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A resistance zone ranging from 23.80 to 24.08. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 25.00 to 25.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @25.60 from a horizontal 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 | DOWN | NEGATIVE | The long term trend for WSTEP.OL is down. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WSTEP.OL is down. |
| ChartMill Relative Strength | 24.46 | NEGATIVE | WSTEP.OL has a low relative strength, it was outperformed by 75.54% off all stocks on the market. |
| Simple Moving Average/SMA (20) | DOWN | NEGATIVE | The current price of WSTEP.OL is below a declining SMA(20). |
| Simple Moving Average/SMA (50) | DOWN | NEGATIVE | The current price of WSTEP.OL is below a declining SMA(50). |
| Simple Moving Average/SMA (200) | DOWN | NEGATIVE | The current price of WSTEP.OL is below a declining SMA(200). |
| Relative Strength Index/RSI (14) | 34.33 | NEUTRAL | The RSI value for WSTEP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.03 | NEGATIVE | The MACD value suggests WSTEP.OL has a negative trend. |
| Stochastics (14,3) | 5.56 | OVERSOLD | The low Stochastics value suggests WSTEP.OL may be oversold. |
| Average True Range in percent/ATR (20) | 2.08 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTEP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 14.54 | NEGATIVE | The low ADX value for WSTEP.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:WSTEP (9/8/2025, 3:12:35 PM)
22.6
0 (0%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0%
1 Week-3.42%
2 Weeks-1.74%
1 Month-6.61%
3 Month-7.38%
6 Month-5.44%
12 Month-2.59%
2 Year-8.5%
3 Year-12.06%
5 Year5.61%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.46
ATR(20)%2.08%
ATR Inc-58.82%
Range Today0.2
ADR(20)0.45
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
CRS24.46
Mansfield-1.34
10 Day High23.8
10 Day Low22.6
20 Day High24.6
20 Day Low22.6
52 Week High27.2
52 Week Low21.4
CS1 End22.59
CR1 Start23.31
Volume & EV
DER(3)-0.1%
DER(5)-0.06%
Volume1.43K
Volume Incr-29.84%
Vol(5)18.13K
Vol(50)27.48K