Technical Analysis for 0E4Q - Nel ASA

Grade Last Price % Change Price Change
D 13.73 -2.05% -0.29
0E4Q closed down 2.05 percent on Friday, June 2, 2023, on 0 percent of normal volume. The stock fell below its 50 day moving average, damaging its intermediate-term outlook by crossing under that important trendline. Note that the stock is in oversold territory based on its Slow Stochastic indicator (14, 3, 3) -- sideways movement or a bounce should not be unexpected.

Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Weak or Absent Down Down Down

Date Alert Name Type % Chg
Fell Below 50 DMA Bearish 0.00%
Bollinger Band Squeeze Range Contraction 0.00%
Stochastic Reached Oversold Weakness 0.00%
Oversold Stochastic Weakness 0.00%
Non-ADX 1,2,3,4 Bullish Bullish Swing Setup -2.05%
Bollinger Band Squeeze Range Contraction -2.05%
NR7 Range Contraction -2.05%
NR7-2 Range Contraction -2.05%
Narrow Range Bar Range Contraction -2.05%
Gapped Down Weakness -2.05%

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Nel ASA Description

Nel ASA, a hydrogen company, provides various solutions to produce, store, and distribute hydrogen from renewable energy in Norway and internationally. The company operates in two segments, Nel Hydrogen Fueling and Nel Hydrogen Electrolyser. The Nel Hydrogen Fueling segment produces H2Station hydrogen fueling stations that provide fuel cell electric vehicles with the fueling and long range as conventional fossil fuel vehicles, include cars, buses, trucks, and other applications. The Nel Hydrogen Electrolyser segment supplies hydrogen production equipment based on alkaline and proton exchange membrane water electrolysis technology. It serves industry, energy, and gas companies. The company was formerly known as DiaGenic ASA and changed its name to Nel ASA in October 2014. Nel ASA was founded in 1927 and is headquartered in Oslo, Norway.


Keywords: Energy Gas Chemistry Physical Sciences Renewable Energy Natural Sciences Energy Storage Emerging Technologies Fuel Cell Hydrogen Vehicle Hydrogen Economy Industrial Gases Hydrogen Technologies Hydrogen Production

Is 0E4Q a Buy, Sell or Hold?

Indicator Bull Case Neutral / Hold Bear Case
50 DMA
200 DMA
ADX Trend
Oversold / Overbought
Relative Strength


Indicator Value
52 Week High 18.955
52 Week Low 9.84
Average Volume 502,307
200-Day Moving Average 14.36
50-Day Moving Average 13.97
20-Day Moving Average 14.41
10-Day Moving Average 14.51
Average True Range 0.53
RSI (14) 29.08
ADX 16.31
+DI 14.91
-DI 15.27
Chandelier Exit (Long, 3 ATRs) 13.44
Chandelier Exit (Short, 3 ATRs) 14.80
Upper Bollinger Bands 15.13
Lower Bollinger Band 13.69
Percent B (%b) 0.03
BandWidth 10.00
MACD Line 0.05
MACD Signal Line 0.15
MACD Histogram -0.0986
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 14.24
Resistance 3 (R3) 14.30 14.18 14.15
Resistance 2 (R2) 14.18 14.05 14.15 14.13
Resistance 1 (R1) 13.96 13.97 13.90 13.90 14.10
Pivot Point 13.85 13.85 13.82 13.82 13.85
Support 1 (S1) 13.62 13.72 13.56 13.56 13.37
Support 2 (S2) 13.51 13.64 13.48 13.34
Support 3 (S3) 13.28 13.51 13.31
Support 4 (S4) 13.23