WEBSTEP ASA (WSTEP.OL) Stock Technical Analysis
OSL:WSTEP - Euronext Oslo - NO0010609662 - Common Stock - Currency: NOK
Overall WSTEP gets a technical rating of 5 out of 10. In the last year, WSTEP was a medium performer in the overall market. The medium term is still looking fine, but we see some doubts in the very recent evolution.
In the last month WSTEP has a been trading in the 24.40 - 27.20 range, which is quite wide. It is currently trading near the lows of this range.
Warning: WSTEP has an average volume of 10518 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The long term trend is positive and the short term trend is neutral. The long term trend may just continue or reversal may be around the corner!
When compared to the yearly performance of all other stocks, WSTEP outperforms 51% of them, which is more or less in line with the market.
WSTEP is an average performer in the IT Services industry, it outperforms 54% of 76 stocks in the same industry.
WSTEP is currently trading in the middle of its 52 week range. The S&P500 Index however is trading in the upper part of its 52 week range, so WSTEP is lagging the market slightly.
Although the technical rating is only medium, WSTEP does present a nice setup opportunity. We see reduced volatility while prices have been consolidating in the most recent period. There is a support zone below the current price at 24.00, a Stop Loss order could be placed below this zone.
More info and screens
21.19
27.47
5 important support areas can be observed.
- Support @24.00 from a horizontal line in the daily time frame.
- A support zone ranging from 22.84 to 23.11. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @22.40 from a horizontal line in the daily time frame.
- A support zone ranging from 22.00 to 22.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 21.40 to 21.60. This zone is formed by a combination of multiple trend lines in multiple time frames.
We can see 2 important resistance areas.
- A resistance zone ranging from 24.58 to 25.82. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 27.00 to 27.20. 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 WSTEP.OL is up. |
| ChartMill Short Term Trend Indicator | NEUTRAL | NEUTRAL | The short term trend for WSTEP.OL is neutral. |
| ChartMill Relative Strength | 51.15 | NEUTRAL | WSTEP.OL is not amongst the best or worst performers 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) | UP | MIXED | The current price of WSTEP.OL is below the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of WSTEP.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 41.89 | NEUTRAL | The RSI value for WSTEP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.23 | NEGATIVE | The MACD value suggests WSTEP.OL has a negative trend. |
| Stochastics (14,3) | 19.05 | OVERSOLD | The low Stochastics value suggests WSTEP.OL may be oversold. |
| Average True Range in percent/ATR (20) | 4.63 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTEP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 16.63 | 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 (5/28/2025, 7:00:00 PM)
24.4
-0.8 (-3.17%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg-3.17%
1 Week-3.17%
2 Weeks-6.87%
1 Month-5.43%
3 Month2.09%
6 Month4.72%
12 Month1.67%
2 Year-19.74%
3 Year-21.29%
5 Year27.08%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.23
ATR(20)%4.63%
ATR Inc-20.45%
Range Today1
ADR(20)1.04
ADR(20)%4.26%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS51.15
Mansfield0.21
10 Day High27.2
10 Day Low24.4
20 Day High27.2
20 Day Low24.4
52 Week High27.2
52 Week Low20
CS1 End24
CR1 Start24.58
Volume & EV
DER(3)1.73%
DER(5)1.04%
Volume24.85K
Volume Incr12.79%
Vol(5)13.86K
Vol(50)10.52K