Technical Analysis for 0FIN - Orkla ASA

Grade Last Price % Change Price Change
F 73.35 -0.64% -0.48
0FIN closed down 0.64 percent on Wednesday, April 24, 2024, on 12.68 times normal volume. The stock exhibited some range contraction during this trading session as price made an NR7 -- narrowest range of the last seven sessions. The price action carved out a bullish hammer (or hammer-like) candlestick pattern. That may indicate an upside reversal. Look for price to trade above the high of the hammer for confirmation. Due to the stock's strong downtrend, it may remain oversold for a while. So, if you're looking for a reason to buy, don't put too much weight on it being oversold.
Earnings due: May 3
*** please verify all earnings dates ***
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Trend Table & Recent EOD Trading Signals

ADX Long Term Intermediate Term Short Term
Strong Down Down Down

Date Alert Name Type % Chg
Hammer Candlestick Bullish 0.00%
Lizard Bullish Bullish Day Trade Setup 0.00%
Volume Surge Other 0.00%
NR7 Range Contraction 0.00%
NR7-2 Range Contraction 0.00%
Narrow Range Bar Range Contraction 0.00%
Doji - Bullish? Reversal 0.00%
Lower Bollinger Band Walk Weakness 0.00%
Stochastic Reached Oversold Weakness 0.00%
BB Squeeze Ended Range Expansion 0.00%

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Profile

Orkla ASA Description

Orkla ASA engages in branded consumer goods, and industrial and financial investment businesses. The company offers branded products, including frozen pizza, ketchup, soups, sauces, bread toppings, and ready-to-eat meals through grocery channels, as well as food service, convenience stores, and petrol stations. It also provides confectionery, biscuit, and snack products; and develops bran and crispbread products, as well as energy snack meals. In addition, the company offers personal care and cleaning products; dietary supplement, sport nutrition, and weight control products; wound care products and first aid equipment; painting tools; basic and wool garments for men, women, and children; and professional cleaning products. Further, it operates Gymgrossisten, Proteinfabrikken, Bodystore, and Fitnessmarket e-commerce portals for health and sports nutrition products; and restaurants. Additionally, the company supplies margarine and butter blends, bread and cake improvers and mixes, yeast, marzipan, and ice cream ingredients; produces and supplies hydro power to the Nordic power market; and develops and sells real estate properties. It offers its food products under the Grandiosa, TORO, Stabburet, Felix, Paulúns, NATURLI', Abba, Beauvais, Den Gamle Fabrik, Spilva, and Vitana brands; confectionery and snacks under the KiMs, Nidar, Stratos, Sætre, Göteborgs Kex, OLW, Panda, Laima, Selga, Taffel, Kalev, and Nói Síríus brands; health and sports nutrition under e Zalo, Jif, Bliw, Grumme, Blenda, Define, Möller's, Collett, Nutrilett, Maxim, Norgesplaster, and Salvequick brands; and food ingredients under the Odense, Mors Hjemmebakte, KronJäst, Bakkedal, and NATURLI brands. It has operations in Norway, Sweden, Denmark, Finland, Iceland, the Baltics, rest of Europe, and internationally. The company was founded in 1918 and is headquartered in Oslo, Norway.


Classification

Keywords: Food And Drink Real Estate Properties Food Products Food Service Economy Of Norway Nutrition Products Food Ingredients Snack Products Wound Care Products

Is 0FIN a Buy, Sell or Hold?

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

Indicators

Indicator Value
52 Week High 83.64
52 Week Low 67.08
Average Volume 67,053
200-Day Moving Average 75.90
50-Day Moving Average 78.22
20-Day Moving Average 76.07
10-Day Moving Average 75.94
Average True Range 1.38
RSI (14) 33.77
ADX 33.2
+DI 8.49
-DI 28.13
Chandelier Exit (Long, 3 ATRs) 73.65
Chandelier Exit (Short, 3 ATRs) 77.30
Upper Bollinger Bands 78.68
Lower Bollinger Band 73.46
Percent B (%b) -0.02
BandWidth 6.86
MACD Line -1.04
MACD Signal Line -0.84
MACD Histogram -0.1937
Pivot Point Level Traditional / Classic Fibonacci Demark Woodie Camarilla
Resistance 4 (R4) 73.65
Resistance 3 (R3) 73.62 73.48 73.60
Resistance 2 (R2) 73.48 73.41 73.50 73.58
Resistance 1 (R1) 73.42 73.36 73.45 73.45 73.57
Pivot Point 73.28 73.28 73.30 73.30 73.28
Support 1 (S1) 73.22 73.21 73.25 73.25 73.13
Support 2 (S2) 73.08 73.16 73.10 73.12
Support 3 (S3) 73.02 73.08 73.10
Support 4 (S4) 73.05