WEBSTEP ASA (WSTEP.OL) Stock Technical Analysis
OSL:WSTEP • NO0010609662
We assign a technical rating of 2 out of 10 to WSTEP. Recently some decent action could be observed, but in the medium term time frame this is still negative. WSTEP was also a bad performer in the overall market in the last year.
- The short term trend is neutral, while the long term trend is still negative. We need to see a little more continued positive action to make this really interesting.
- When comparing the yearly performance of all stocks, WSTEP is a bad performer in the overall market: 78% 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 17.80 - 19.70 range, which is quite wide. It is currently trading near the lows of this range.
- Prices have been consolidating recently, but much resistance may still be present above.
- Warning: WSTEP has an average volume of 16599 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
- WSTEP is an average performer in the IT Services industry, it outperforms 61% of 71 stocks in the same industry.
- Volume is considerably higher in the last couple of days.
Although the technical rating is bad, WSTEP does present a nice setup opportunity. Prices have been consolidating lately. There is a support zone below the current price at 18.57, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
17.03
When analyzing the support we can see 3 important areas.
- A support zone ranging from 18.09 to 18.57. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- Support @17.50 from a horizontal line in the daily time frame.
- A support zone ranging from 17.20 to 17.20. This zone is formed by a combination of multiple trend lines in multiple time frames.
2 important resistance areas can be observed.
- A resistance zone ranging from 18.71 to 18.90. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 19.33 to 19.50. This zone is formed by a combination of multiple trend lines 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 | NEUTRAL | NEUTRAL | The short term trend for WSTEP.OL is neutral. |
| ChartMill Relative Strength | 22.86 | NEGATIVE | WSTEP.OL has a low relative strength, it was outperformed by 77.14% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of WSTEP.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of WSTEP.OL is above the rising 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) | 49.87 | NEUTRAL | The RSI value for WSTEP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.02 | POSITIVE | The MACD value suggests WSTEP.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 51.07 | NEUTRAL | The Stochastics value for WSTEP.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.74 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTEP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 23.48 | NEUTRAL | The ADX value for WSTEP.OL suggests a possible start of a new trend. |
OSL:WSTEP (2/13/2026, 7:00:00 PM)
18.6
-0.1 (-0.53%)
WEBSTEP ASA / WSTEP.OL FAQ
What is the technical rating for WSTEP stock?
ChartMill assigns a technical rating of 2 / 10 to WSTEP.OL.
Can you provide the trend direction for WEBSTEP ASA?
The current trend direction for WEBSTEP ASA (WSTEP.OL) is Bearish.
What is the RSI signal for WSTEP stock?
WEBSTEP ASA (WSTEP.OL) has an RSI value of 49.8742. This indicates that the stock is currently neutral.
What is the short term momentum for WEBSTEP ASA (WSTEP.OL) stock?
The short term momentum for WEBSTEP ASA (WSTEP.OL) is neutral.
Can you provide the support and resistance levels for WEBSTEP ASA?
WEBSTEP ASA (WSTEP.OL) has a support level at 18.57 and a resistance level at 18.71. Check the full technical report for our detailed analysis of WSTEP.OL support and resistance levels.