NORW in upward trend: 10-day moving average broke above 50-day moving average on November 21, 2023
The 10-day moving average for NORW crossed bullishly above the 50-day moving average on November 21, 2023. This indicates that the trend has shifted higher and could be considered a buy signal. In of 18 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 2 days, which means it's wise to expect a price bounce in the near future.
NORW moved above its 50-day moving average on December 07, 2023 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where NORW advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 256 cases where NORW Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 04, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on NORW as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for NORW turned negative on December 05, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 51 similar instances when the indicator turned negative. In of the 51 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where NORW declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
NORW broke above its upper Bollinger Band on November 20, 2023. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
Category Miscellaneous
NORW and
Correlation & Price change
A.I.dvisor indicates that over the last year, NORW has been loosely correlated with EWC. These tickers have moved in lockstep 35% of the time. This A.I.-generated data suggests there is some statistical probability that if NORW jumps, then EWC could also see price increases.
| Ticker / NAME | Correlation To NORW | 1D Price Change % | ||
|---|---|---|---|---|
| NORW | 100% | +0.84% | ||
| EWC - NORW | 35% Loosely correlated | -0.06% | ||
| BBCA - NORW | 35% Loosely correlated | -0.07% | ||
| EWA - NORW | 34% Loosely correlated | +0.89% | ||
| EWU - NORW | 32% Poorly correlated | +0.56% | ||
| EWY - NORW | 22% Poorly correlated | +1.08% |