Equinor Asa (EQNR): Price Now Near $20.49; Daily Chart Shows An Uptrend on 100 Day Basis

The Hourly View for EQNR

Currently, EQNR (Get Ratings)’s price is down $-0.16 (-0.77%) from the hour prior. EQNR has seen its price go down 4 out of the past 5 hours, thus creating some compelling opportunities for bears. If you’re a trend trader, consider that the strongest clear trend on the hourly chart exists on the 20 hour timeframe. Regarding moving averages, it should first be noted that price has crossed the 50 hour moving average, resulting in them with price now being below it. 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.

Out of Petroleum and Natural Gas stocks, EQNR ranks 84th in regards to today’s price percentage change.

EQNR’s Technical Outlook on the Daily Chart

At the moment, EQNR’s price is down $-0.71 (-3.35%) from the day prior. EQNR has seen its price go up 8 out of the past 10 days, thus creating some compelling opportunities for bulls. If you’re a trend trader, consider that the strongest clear trend on the daily chart exists on the 20 day timeframe. The moving averages on the daily 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. Equinor Asa’s price action over the past 90 days can be seen via the chart below.

EQNR

For EQNR News Traders

News traders keeping an eye on EQNR may find value in this recent story:

Equinor ASA (EQNR) Management on Q1 2021 Results – Earnings Call Transcript

Equinor ASA (EQNR) Q1 2021 Earnings Conference Call April 29, 2021 05:30 AM ET Company Participants Peter Hutton – SVP and IR Svein Skeie – Acting CFO Ørjan Kvelvane – Head of Accounting Rune Karlsen – acting Head of Performance Mads Holm – Head of Finance Conference Call Participants Biraj…

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