NORCONSULT AS (NORCO.OL) Stock Technical Analysis
OSL:NORCO - Euronext Oslo - NO0013052209 - Common Stock - Currency: NOK
Overall NORCO gets a technical rating of 6 out of 10. In the last year, NORCO was one of the better performers, but we do observe some doubts in the very recent evolution.
NORCO 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.
Looking at the yearly performance, NORCO did better than 86% of all other stocks. On top of that, NORCO also shows a nice and consistent pattern of rising prices.
NORCO is part of the Construction & Engineering industry. There are 40 other stocks in this industry. NORCO outperforms 76% of them.
NORCO is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so NORCO slightly outperforms the market at the moment.
The long term trend is positive and the short term trend is negative. It is probably better to wait until this picture becomes clearer.
Although the technical rating is only medium, NORCO 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 41.89, a Stop Loss order could be placed below this zone.
More info and screens
39.84
46.02
We found 2 important support areas.
- A support zone ranging from 41.59 to 41.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- A support zone ranging from 40.24 to 40.80. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- A resistance zone ranging from 42.43 to 43.68. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A resistance zone ranging from 45.56 to 45.56. 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
CRS86.04
Mansfield1.5
10 Day High45.75
10 Day Low40.95
20 Day High45.9
20 Day Low40.95
52 Week High45.9
52 Week Low25.25
Performance
1 Week0.84%
2 Weeks-7.79%
1 Month-3.45%
3 Month-0.12%
6 Month21.56%
12 Month54.98%
2 YearN/A
3 YearN/A
5 YearN/A
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)-0.21
RSI(14)40.76
LBB40.15
UBB46.21
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 |
|---|---|---|---|
| 43.69 | 41.58 | 2.11 (4.83%) | 20.71% |
| An entry @43.69. This is a Buy Stop order right above the resistance zone. | An exit @41.58. This is a Stop Loss order right below the support zone. | The trade has a worst case loss of 2.11 points, which is 4.83%. | When investing 20.71% of your capital in this trade, your total portfolio risk will be 1.00%. |
- 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:NORCO (3/7/2025, 7:00:00 PM)
42
-0.2 (-0.47%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorIndustrials
GICS IndustryConstruction & Engineering
Performance
% Chg-0.47%
1 Week0.84%
2 Weeks-7.79%
1 Month-3.45%
3 Month-0.12%
6 Month21.56%
12 Month54.98%
2 YearN/A
3 YearN/A
5 YearN/A
10 YearN/A
15 YearN/A
Volatility
ATR(14)1.32
ATR(20)%2.89%
ATR Inc-15.62%
Range Today0.6
ADR(20)1.18
ADR(20)%2.82%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS86.04
Mansfield1.5
10 Day High45.75
10 Day Low40.95
20 Day High45.9
20 Day Low40.95
52 Week High45.9
52 Week Low25.25
CS1 End41.89
CR1 Start42.43
Volume & EV
DER(3)-0.6%
DER(5)-0.6%
Volume175.84K
Volume Incr1.07%
Vol(5)371.30K
Vol(50)388.83K