NORSK HYDRO ASA (NHY.OL) Stock Technical Analysis
Europe - Euronext Oslo - OSL:NHY - NO0005052605 - Common Stock
Overall NHY gets a technical rating of 9 out of 10. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NHY is showing a nice and steady performance.
Although NHY has an excellent technical rating, it does not offer a high quality setup at the moment. Price movement has been a little bit too volatile to find a nice entry and exit point. It is probably a good idea to wait for a consolidation first.
More info and screens
65.14
We found 6 important support areas.
- A support zone ranging from 77.69 to 77.69. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 74.15 to 75.85. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
- A support zone ranging from 71.66 to 71.97. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 68.40 to 68.42. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @67.26 from a horizontal line in the daily time frame.
- Support @65.80 from a horizontal line 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 | UP | POSITIVE | The long term trend for NHY.OL is up. |
| ChartMill Short Term Trend Indicator | UP | POSITIVE | The short term trend for NHY.OL is up. |
| ChartMill Relative Strength | 76.29 | POSITIVE | NHY.OL has a high relative strength, it outperformed 76.29% off all stocks on the market. |
| Simple Moving Average/SMA (20) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(20). |
| Simple Moving Average/SMA (50) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(50). |
| Simple Moving Average/SMA (200) | UP | POSITIVE | The current price of NHY.OL is above the rising SMA(200). |
| Relative Strength Index/RSI (14) | 70.43 | OVERBOUGHT | The high RSI value suggests NHY.OL may be overbought. |
| Moving Average Convergence Divergence/MACD (12, 26, 9) | 0.29 | POSITIVE | The MACD value suggests NHY.OL has a positive trend. |
| Stochastics (14,3) | 89.38 | OVERBOUGHT | The high Stochastics value suggests NHY.OL may be overbought. |
| Average True Range in percent/ATR (20) | 1.98 | LOW VOLATILITY | The low ATR as a percentage value for NHY.OL suggests low volalility. |
| Average Directional Index/ADX (14) | 25.96 | POSITIVE | The high ADX value value for NHY.OL suggests a strong trend. |
OSL:NHY (12/22/2025, 11:46:24 AM)
77.72
+0.04 (+0.05%)
NORSK HYDRO ASA / NHY.OL FAQ
What is the technical rating for NHY stock?
ChartMill assigns a technical rating of 9 / 10 to NHY.OL.
Can you provide the trend direction for NORSK HYDRO ASA?
The current trend direction for NORSK HYDRO ASA (NHY.OL) is Bullish.
Can you provide the RSI signal for NORSK HYDRO ASA?
NORSK HYDRO ASA (NHY.OL) has an RSI value of 70.4345. This indicates that the stock is currently overbought.
What is the short term momentum for NORSK HYDRO ASA (NHY.OL) stock?
The short term momentum for NORSK HYDRO ASA (NHY.OL) is positive.
What is the buy/sell signal for NHY stock?
The buy/sell signal for NORSK HYDRO ASA (NHY.OL) is buy as both the short term and long term trends are positive.