WEBSTEP ASA (WSTEP.OL) Stock Technical Analysis
OSL:WSTEP - Euronext Oslo - NO0010609662 - Common Stock - Currency: NOK
We assign a technical rating of 3 out of 10 to WSTEP. WSTEP has been an average performer in the overall market, it is still ok in the medium term time frame, but very the very recent evolution is negative.
WSTEP is currently showing a bear flag pattern! A bear flag pattern occurs when prices pull back slightly after a strong move down. This may present a good short opportunity.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: WSTEP has an average volume of 14846 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term trend is negative, the long term trend is neutral. Not much exciting going on here.
When comparing the performance of all stocks over the past year, WSTEP turns out to be only a medium performer in the overall market: it outperformed 40% of all stocks.
WSTEP is an average performer in the IT Services industry, it outperforms 58% of 74 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 bad, 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 23.80, a Stop Loss order could be placed below this zone.
More info and screens
21.19
27.47
We found 5 important support areas.
- A support zone ranging from 23.75 to 23.80. This zone is formed by a combination of multiple trend lines in the daily time frame.
- A support zone ranging from 22.95 to 23.26. 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 found 1 important resistance area.
- A resistance zone ranging from 27.20 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 | NEUTRAL | NEUTRAL | The long term trend for WSTEP.OL is neutral. |
| ChartMill Short Term Trend Indicator | DOWN | NEGATIVE | The short term trend for WSTEP.OL is down. |
| ChartMill Relative Strength | 40.9 | NEUTRAL | WSTEP.OL is not amongst the best or worst performers on the market. |
| Simple Moving Average/SMA (20) | DOWN | MIXED | The current price of WSTEP.OL is above 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) | 44.62 | NEUTRAL | The RSI value for WSTEP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | -0.02 | NEGATIVE | The MACD value suggests WSTEP.OL has a negative trend, although the MACD value is rising. |
| Stochastics (14,3) | 40.55 | NEUTRAL | The Stochastics value for WSTEP.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 3.72 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTEP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 21.04 | NEUTRAL | The ADX value for WSTEP.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:WSTEP (6/19/2025, 11:24:30 AM)
24.6
+0.4 (+1.65%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg1.65%
1 Week-0.82%
2 Weeks0%
1 Month-5.47%
3 Month-3.2%
6 Month9.5%
12 Month2.98%
2 Year-18.79%
3 Year-21.68%
5 Year30.81%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.8
ATR(20)%3.72%
ATR Inc-30%
Range Today0
ADR(20)0.89
ADR(20)%3.62%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS40.9
Mansfield-0.11
10 Day High25.2
10 Day Low23.2
20 Day High26.6
20 Day Low23.2
52 Week High27.2
52 Week Low20
CS1 End23.8
CR1 Start24.22
Volume & EV
DER(3)-0.28%
DER(5)-0.17%
Volume4
Volume Incr0.91%
Vol(5)22.10K
Vol(50)14.85K