SBM OFFSHORE NV (SBMO.AS)

NL0000360618 - Common Stock

16.75  +0.04 (+0.24%)

Technical Rating and Analysis

8

Taking everything into account, SBMO scores 8 out of 10 in our technical rating. In the last year, SBMO was one of the better performers, but we do observe some doubts in the very recent evolution.

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, SBMO did better than 91% of all other stocks. We also observe that the gains produced by SBMO over the past year are nicely spread over this period.
SBMO is part of the Energy Equipment & Services industry. There are 35 other stocks in this industry. SBMO outperforms 91% of them.
SBMO is currently trading in the upper part of its 52 week range. The S&P500 Index however is currently trading near a new high, so SBMO is lagging the market slightly.
In the last month SBMO has a been trading in a tight range between 16.44 and 17.38.
Volume is considerably higher in the last couple of days.
Weekly and Daily overview Charts
SBMO Weekly chart
SBMO Daily chart
Setup Rating and Analysis

8

SBMO has an excellent technical rating and also presents a decent setup pattern. Prices have been consolidating lately and the volatility has been reduced. We notice that large players showed an interest for SBMO in the last couple of days, which is a good sign. Very recently a Pocket Pivot signal was observed. This is another positive sign.

  • Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
  • 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.
Support and Resistance Analysis

13.59

17.54

6 important support areas can be observed.

  • A support zone ranging from 16.44 to 16.74. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
  • Support @15.83 from a horizontal line in the daily time frame.
  • Support @15.53 from a trend line in the weekly time frame.
  • Support @14.83 from a trend line in the daily time frame.
  • Support @14.24 from a horizontal line in the daily time frame.
  • Strong support @13.73 from a horizontal line in the daily time frame.

When analyzing the resistance we notice 2 important areas.

  • A resistance zone ranging from 16.79 to 17.07. This zone is formed by a combination of multiple trend lines and important moving averages in the daily time frame.
  • A resistance zone ranging from 17.37 to 17.37. This zone is formed by a combination of multiple trend lines in multiple time frames.
Statistics, Performance, Trends, Indicators, Chart- and CandleStick Patterns
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS91.91
Mansfield0.59
10 Day High17.2
10 Day Low16.44
20 Day High17.38
20 Day Low16.44
52 Week High17.38
52 Week Low11.66
Performance
1 Week0.96%
2 Weeks-0.59%
1 Month0.24%
3 Month15.84%
6 Month20.33%
12 Month38.43%
2 Year22.26%
3 Year22.62%
5 Year8.66%
10 Year67.82%
15 Year28.16%
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)-0.05
RSI(14)49.89
LBB16.5
UBB17.25
Example Setup

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.

ENTRYEXITDISTANCECAPITAL
17.0816.430.65 (3.81%)25.00%
An entry @17.08. This is a Buy Stop order right above the resistance zone.An exit @16.43. This is a Stop Loss order right below the 10 day low.The worst case loss on the trade is limited to 0.65 points, which is 3.81%.When investing 25.00% of your capital in this trade, your total portfolio risk will be 0.95%.

  • 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.
SBMO Daily chart

SBM OFFSHORE NV

AMS:SBMO (10/30/2024, 7:00:00 PM)

16.75

+0.04 (+0.24%)

Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorEnergy
GICS IndustryEnergy Equipment & Services
Performance
% Chg0.24%
1 Week0.96%
2 Weeks-0.59%
1 Month0.24%
3 Month15.84%
6 Month20.33%
12 Month38.43%
2 Year
3 Year
5 Year
10 Year
15 Year
Volatility
ATR(14)0.28
ATR(20)%1.76%
ATR Inc
Range Today0.25
ADR(20)
ADR(20)%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS
Mansfield
10 Day High17.2
10 Day Low16.44
20 Day High17.38
20 Day Low16.44
52 Week High17.38
52 Week Low11.66
CS1 End
CR1 Start
Volume & EV
DER(3)
DER(5)
Volume1.45M
Volume Incr93.66%
Vol(5)558.68K
Vol(50)330.50K