Free Norsk Hydro ASA (NHY) Technical Analysis Signals

Overal Signal
Neutral
Signals
Hold Neutral Neutral Neutral
Last Update / Period
06 Dec / Daily
Category/Currency
Stocks/USD
Exchange/Country
XOSL/Norway

Norsk Hydro ASA (NHY) signal with technical analysis on 06 Dec

On 06 Dec, we conducted a comprehensive technical analysis of Norsk Hydro ASA (NHY), considering 256 signals with intricate details. Here are the key findings: 90 signals suggested buy strategies, while 55 indicated sell strategies. The remaining 111 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 27
Sell Signals: 5
Neutral Signals: 32
Result: This strategy leads to a Hold position.

Strategy 2:
Buy Signals: 17
Sell Signals: 19
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 23
Sell Signals: 15
Neutral Signals: 26
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 23
Sell Signals: 16
Neutral Signals: 25
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 90
Sell Signals: 55
Neutral Signals: 111
Result: This strategy leads to a Neutral position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Norsk Hydro ASA (NHY) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Second Support Level: 68
If the first support level is breached, the second support level at 68 becomes a critical point. Breaking this level would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 54.66
If the second support level is broken and the price continues to fall, it signals a significant market shift. Remaining below 54.66 would confirm a persistent downward trend, with traders likely targeting this third level as the next key support point.
These support levels should be considered carefully in the context of broader market trends and indicators. Staying alert and consistently analyzing the market will allow you to make informed decisions while trading Norsk Hydro ASA (NHY). Paying attention to these support levels will help you adapt to the dynamic nature of the market and make smarter trading choices. Second Resistance Level: 72.72
If the upward trend continues with significant strength, we may see Norsk Hydro ASA (NHY) cross the second resistance level at 72.72. This would indicate a major upside move and a promising direction for our position.

Third Resistance Level: 74.6
For a more comprehensive analysis, consider the possibility of Norsk Hydro ASA (NHY) not only breaking the second resistance level but also holding its price above this mark. If this trend continues in the coming days, Norsk Hydro ASA (NHY) could potentially reach the third resistance level at 74.6.
It's crucial to closely monitor these resistance levels and consider them in the context of broader market trends and indicators. To make informed decisions when trading Norsk Hydro ASA (NHY), stay vigilant and continuously analyze the market. Focusing on these resistance levels, along with broader market dynamics, will help you make smarter trading decisions and adapt to the changing market conditions.

Norsk Hydro ASA (NHY) technical analysis chart

Norsk Hydro ASA (NHY) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance 71.54 72.72 74.6 75.1 --
Support 69 68 54.66 51.617 --
 Norsk Hydro ASA (NHY) Support and Resistance area (06 Dec)

Norsk Hydro ASA (NHY) signals list for 06 Dec

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Norsk Hydro ASA (NHY) candlestick patterns on 06 Dec

Today's Norsk Hydro ASA (NHY) Candle Patterns List:

Doji High-Wave Candle Long Legged Doji Rickshaw Man Spinning Top Doji Star

Norsk Hydro ASA (NHY) technical analysis over the past days

# Date Overal Signals ALL Signals
1 05 Dec Neutral HoldNeutralNeutralNeutral
2 04 Dec Buy BuyNeutralNeutralBuy
3 03 Dec Hold NeutralHoldNeutralNeutral
4 02 Dec Hold HoldHoldNeutralNeutral
5 29 Nov Hold HoldHoldHoldNeutral
6 28 Nov Sell HoldHoldSellNeutral
7 27 Nov Sell SellSellNeutralNeutral
8 26 Nov Hold NeutralHoldHoldHold
9 25 Nov Hold HoldHoldHoldHold
10 22 Nov Hold HoldHoldHoldHold
11 21 Nov Hold HoldHoldHoldHold
12 20 Nov Buy HoldHoldHoldBuy
13 19 Nov Hold HoldHoldHoldNeutral
14 18 Nov Buy HoldBuyBuyHold
15 15 Nov Buy BuyNeutralNeutralBuy
16 14 Nov Hold HoldHoldHoldHold
17 13 Nov Hold HoldHoldHoldHold
18 12 Nov Sell HoldSellHoldSell
19 11 Nov Sell SellNeutralSellNeutral
20 08 Nov Hold NeutralHoldHoldHold
21 07 Nov Buy BuyBuyBuyHold
22 06 Nov Neutral NeutralNeutralNeutralHold
23 05 Nov Buy HoldHoldHoldBuy
24 04 Nov Buy HoldBuyBuyNeutral
25 01 Nov Buy BuyNeutralNeutralBuy
26 31 Oct Sell SellSellSellNeutral
27 30 Oct Hold NeutralNeutralNeutralNeutral
28 29 Oct Buy BuyBuyNeutralNeutral
29 28 Oct Hold NeutralNeutralNeutralNeutral
30 25 Oct Buy NeutralNeutralNeutralBuy

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