Norsk Hydro (NHY.OL)

Close: 56.50 (+1.02), Apr 25, 2025

Positive

Medium risk

Automatic technical analysis. Medium term, Apr 25, 2025

Norsk Hydro has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The stock has broken up through resistance at kroner 55.20. This predicts a further rise. The short term momentum of the stock is strongly negative, with RSI below 30. This indicates increasing pessimism among investors and further decline for Norsk Hydro. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 82)

Period	Vol.bal.	Volatility	Liquidity	+/- %
1 day	-	1.56%	238.78	+1.84%
5 days	27.91	5.07%	252.09	+4.63%
22 days	-19.70	13.62%	297.00	-14.50%
66 days	-10.65	25.07%	303.98	-18.68%

More analyses of Norsk Hydro

Candlesticks

Short term: Hold

Medium term: Positive

Long term: Positive

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