SPAREBANK 1 NORD-NORGE (NONG.OL) Stock Technical Analysis
OSL:NONG - Euronext Oslo - NO0006000801 - Common Stock - Currency: NOK
Taking everything into account, NONG scores 9 out of 10 in our technical rating. This is due to a consistent performance in both the short and longer term time frames. Also compared to the overall market, NONG is showing a nice and steady performance.
NONG is one of the lesser performing stocks in the Banks industry. 68% of 99 stocks in the same industry do better.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, NONG did better than 78% of all other stocks. On top of that, NONG also shows a nice and consistent pattern of rising prices.
NONG is currently trading near its 52 week high. This is a good sign, certainly because the S&P500 Index is not trading near new highs.
In the last month NONG has a been trading in a tight range between 128.00 and 134.50.
Besides having an excellent technical rating, NONG also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. A pullback is taking place, which may present a nice opportunity for an entry. There is a support zone below the current price at 130.79, a Stop Loss order could be placed below this zone. Another positive sign is the recent Pocket Pivot signal.
- 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
93.26
135.13
We found 6 important support areas.
- A support zone ranging from 127.09 to 130.79. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @120.78 from a trend line in the daily time frame.
- Support @114.66 from a horizontal line in the daily time frame.
- Support @100.03 from a trend line in the weekly time frame.
- Support @96.50 from a horizontal line in the weekly time frame.
- Support @94.20 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 131.65 to 133.79. This zone is formed by a combination of multiple trend lines and important moving averages 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
CRS78.38
Mansfield1.54
10 Day High134.5
10 Day Low129.24
20 Day High134.5
20 Day Low128
52 Week High134.5
52 Week Low93.7
Performance
1 Week-1.36%
2 Weeks0.03%
1 Month0.66%
3 Month10.48%
6 Month23.2%
12 Month27.62%
2 Year48.63%
3 Year21.92%
5 Year151.32%
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)-0.26
RSI(14)52.92
LBB128.8
UBB133.71
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 133.80 | 129.23 | 4.57 (3.42%) | 25.00% |
| An entry @133.80. This is a Buy Stop order right above the resistance zone. | An exit @129.23. This is a Stop Loss order right below the 10 day low. | The trade has a worst case loss of 4.57 points, which is 3.42%. | For a 0.85% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
OSL:NONG (3/7/2025, 7:00:00 PM)
130.94
+0.04 (+0.03%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg0.03%
1 Week-1.36%
2 Weeks0.03%
1 Month0.66%
3 Month10.48%
6 Month23.2%
12 Month27.62%
2 Year48.63%
3 Year21.92%
5 Year151.32%
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.93
ATR(20)%1.55%
ATR Inc-8.74%
Range Today1.58
ADR(20)2.02
ADR(20)%1.54%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS78.38
Mansfield1.54
10 Day High134.5
10 Day Low129.24
20 Day High134.5
20 Day Low128
52 Week High134.5
52 Week Low93.7
CS1 End130.79
CR1 Start131.65
Volume & EV
DER(3)-3.14%
DER(5)-3.58%
Volume77.34K
Volume Incr1.86%
Vol(5)96.13K
Vol(50)95.31K