MELHUS SPAREBANK (MELG.OL) Stock Technical Analysis
OSL:MELG - Euronext Oslo - NO0006001908 - Common Stock - Currency: NOK
Taking everything into account, MELG scores 5 out of 10 in our technical rating. MELG 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.
MELG is one of the lesser performing stocks in the Banks industry. 72% of 97 stocks in the same industry do better.
Warning: MELG has an average volume of 957 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
In the last month MELG has a been trading in the 159.50 - 173.00 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.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
When comparing the performance of all stocks over the past year, MELG turns out to be only a medium performer in the overall market: it outperformed 67% of all stocks.
MELG is currently trading in the middle of its 52 week range. This is in line with the S&P500 Index, which is also trading in the middle of its range.
Considerably lower volume is observed in the last couple of days.
MELG has only a medium technical rating, but it does show a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period.
More info and screens
150.47
181.81
When analyzing the support we can see 3 important areas.
- A support zone ranging from 158.80 to 162.16. This zone is formed by a combination of multiple trend lines in the daily time frame.
- Strong support @156.00 from a horizontal line in the weekly time frame.
- A support zone ranging from 151.99 to 152.79. 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 175.00 to 175.00. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A resistance zone ranging from 178.01 to 180.01. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.15
Mansfield0.63
10 Day High169
10 Day Low160.5
20 Day High173
20 Day Low159.5
52 Week High182
52 Week Low151.6
Performance
1 Week-0.18%
2 Weeks4.8%
1 Month0.69%
3 Month3.83%
6 Month5.55%
12 Month7.82%
2 Year5.13%
3 Year3.83%
5 Year31.41%
10 YearN/A
15 YearN/A
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)
Technical Indicators
MACD(12,26,9)0.28
RSI(14)47.07
LBB163
UBB171.48
OSL:MELG (4/25/2025, 7:00:00 PM)
168.2
-0.3 (-0.18%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg-0.18%
1 Week-0.18%
2 Weeks4.8%
1 Month0.69%
3 Month3.83%
6 Month5.55%
12 Month7.82%
2 Year5.13%
3 Year3.83%
5 Year31.41%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.92
ATR(20)%1.24%
ATR Inc-60.12%
Range Today0.3
ADR(20)1.77
ADR(20)%1.05%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS67.15
Mansfield0.63
10 Day High169
10 Day Low160.5
20 Day High173
20 Day Low159.5
52 Week High182
52 Week Low151.6
CS1 End162.16
CR1 Start175
Volume & EV
DER(3)0%
DER(5)0%
Volume710
Volume Incr-62.66%
Vol(5)509.2
Vol(50)957.24