Equinor Asa (EQNR): Price Now Near $12.83; Daily Chart Shows An Uptrend on 20 Day Basis

The Hourly View for EQNR

Currently, EQNR’s price is down $-0.01 (-0.08%) from the hour prior. This move is a reversal from the hour prior, which saw price move up. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Price action traders may also wish to note that we see a pin bar candlestick pattern on EQNR. Given that we see an uptrend on the 20 and 10 hourly candle timeframe, and that such candlestick patterns often denote reversals, this may be worth noting. The moving averages on the hourly timeframe suggest a bullishness in price, as the 20, 50, 100 and 200 are all in a bullish alignment — meaning the shorter durations are above the longer duration averages, implying a sound upward trend.

EQNR’s Technical Outlook on the Daily Chart

At the time of this writing, EQNR’s price is up $0.4 (2.54%) from the day prior. The daily chart shows that EQNR has seen 2 straight up days. Regarding the trend, note that the strongest trend exists on the 20 day timeframe. The moving averages on the daily timeframe suggest a choppiness in price, as the 20, 50, 100 and 200 are all in a mixed alignment — meaning the trend across timeframes is inconsistent, indicating a potential opportunity for rangebound traders. Equinor Asa’s price action over the past 90 days can be seen via the chart below.

EQNR

For EQNR News Traders

Investors and traders in EQNR may be particularly interested in the following story that came out in the past day:

Equinor shuts Europe’s largest methanol plant after fire

Equinor ([[EQNR]] +3%) says a fire has caused it to evacuate employees and shut down the Tjeldbergodden industrial facility in Norway, which includes Europe’s largest methanol plant, a gas processing terminal and an air separation plant.The methanol plant, which is owned by Equinor and ConocoPhillips ([[COP]] +3.5%), accounts for more…

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