SPAREBANK 1 RINGERIKE HADELA (RING.OL) Stock Technical Analysis
OSL:RING - Euronext Oslo - NO0006390400 - Common Stock - Currency: NOK
We assign a technical rating of 6 out of 10 to RING. In the last year, RING was one of the better performers, but we do observe some doubts in the very recent evolution.
RING is one of the lesser performing stocks in the Banks industry. 67% of 95 stocks in the same industry do better.
RING 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.
Volume is considerably higher in the last couple of days. In combination with the strong move down this is a bad signal.
Warning: RING has an average volume of 762 traded shares per day. This is quite low and it might be dangerous to invest in illiquid stocks.
The short term is neutral, but the long term trend is still positive. Not much to worry about for now.
When comparing the yearly performance of all stocks, we notice that RING is one of the better performing stocks in the market, outperforming 75% of all stocks. We also observe that the gains produced by RING over the past year are nicely spread over this period.
RING 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.
RING has an average technical rating and the quality of the presented setup is also not ideal 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
318.27
364.66
When analyzing the support we can see 2 important areas.
- A support zone ranging from 346.54 to 354.75. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @321.48 from a trend line in the weekly time frame.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.87
Mansfield1.37
10 Day High369
10 Day Low347
20 Day High415
20 Day Low340
52 Week High415
52 Week Low286
Performance
1 Week2.57%
2 Weeks2.06%
1 Month-10.19%
3 Month2.86%
6 Month12.48%
12 Month20.35%
2 Year10.75%
3 Year6.19%
5 Year75.27%
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)0.39
RSI(14)45.81
LBB345.99
UBB363.77
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 |
|---|---|---|---|
| 369.01 | 346.99 | 22.02 (5.97%) | 16.76% |
| An entry @369.01. This is a Buy Stop order right above the 10 day high. | An exit @346.99. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 22.02 points, which is 5.97%. | When investing 16.76% 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:RING (4/25/2025, 7:00:00 PM)
361.05
+3.8 (+1.06%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorFinancials
GICS IndustryBanks
Performance
% Chg1.06%
1 Week2.57%
2 Weeks2.06%
1 Month-10.19%
3 Month2.86%
6 Month12.48%
12 Month20.35%
2 Year10.75%
3 Year6.19%
5 Year75.27%
10 YearN/A
15 YearN/A
Volatility
ATR(14)7.68
ATR(20)%2.31%
ATR Inc2.54%
Range Today9
ADR(20)5.63
ADR(20)%1.56%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS75.87
Mansfield1.37
10 Day High369
10 Day Low347
20 Day High415
20 Day Low340
52 Week High415
52 Week Low286
CS1 End354.75
CR1 StartN/A
Volume & EV
DER(3)-801.35%
DER(5)-961.1%
Volume3.04K
Volume Incr19.11%
Vol(5)1.06K
Vol(50)762.2