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. WSTEP has been an average performer in the overall market. We also notice some doubts in the very recent evolution, but in the medium term things are still fine.
Warning: WSTEP has an average volume of 18242 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!
WSTEP is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so WSTEP is lagging the market slightly.
In the last month WSTEP has a been trading in the 24.00 - 26.00 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
When compared to the yearly performance of all other stocks, WSTEP outperforms 46% of them, which is more or less in line with the market.
WSTEP is part of the IT Services industry. There are 74 other stocks in this industry, WSTEP did better than 61% of them.
WSTEP has only a medium technical rating, but it does show a decent setup pattern. Prices have been consolidating lately. There is a support zone below the current price at 24.92, 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
21.19
27.47
4 important support areas can be observed.
- A support zone ranging from 24.00 to 24.92. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 23.00 to 23.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- 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.
- Support @21.40 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important 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 | 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 | 46.29 | NEUTRAL | WSTEP.OL is not amongst the best or worst performers 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) | DOWN | NEGATIVE | The current price of WSTEP.OL is below a declining 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) | 52.81 | NEUTRAL | The RSI value for WSTEP.OL is a neutral value. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.05 | POSITIVE | The MACD value suggests WSTEP.OL has a positive trend, although the MACD value is declining. |
| Stochastics (14,3) | 45.93 | NEUTRAL | The Stochastics value for WSTEP.OL is a neutral value. |
| Average True Range in percent/ATR (20) | 2.88 | MEDIUM VOLATILITY | The ATR as a percentage value for WSTEP.OL suggests some volalility. |
| Average Directional Index/ADX (14) | 13.63 | 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 (7/11/2025, 7:00:00 PM)
25
+0.2 (+0.81%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorInformation Technology
GICS IndustryIT Services
Performance
% Chg0.81%
1 Week0%
2 Weeks0%
1 Month3.31%
3 Month2.46%
6 Month12.61%
12 Month10.13%
2 Year-9.09%
3 Year-21.14%
5 Year32.98%
10 YearN/A
15 YearN/A
Volatility
ATR(14)0.77
ATR(20)%2.88%
ATR Inc26%
Range Today1.2
ADR(20)0.69
ADR(20)%2.76%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS46.29
Mansfield-0.2
10 Day High26
10 Day Low24.4
20 Day High26
20 Day Low24
52 Week High27.2
52 Week Low20
CS1 End24.92
CR1 Start27.2
Volume & EV
DER(3)0%
DER(5)0%
Volume8.72K
Volume Incr23.1%
Vol(5)21.94K
Vol(50)18.24K