In this week’s Analysis, the largest company on the Oslo Stock Exchange!
Aksjeanalyser.com takes a closer look at an engergising company!
Equinor ASA (ticker: EQNR)
Equinor with its current share price around the NOK 240 level, has a market cap of around NOK 616 billion. The next three largest companies on the Oslo Stock Exchange are: DNB Bank (NOK 393 billion), Kongsberg Gruppen (NOK 263 billion) and Telenor (NOK 229 billion).
So this week Aksjeanalyser.com takes a closer look at this large company on the Oslo Stock Exchange, where the share has fallen from a peak of around NOK 410 in August 2022 down to a current price of around NOK 240. A significant drop of 40 percent since the peak at NOK 410 in August 2022.
Aksjeanalyser.com wants to find out if the stock can be at a favorable buy candidate now. Read more below in the technical analysis of Equinor (EQNR).
About Equinor ASA
(ticker: EQNR)
Equinor is active in the energy sector. The company is engaged in exploration, development and production in the oil and gas industry, with the largest presence on the Norwegian continental shelf. In addition, the company focuses on the development of environmentally friendly energy sources, with a large part of its investments in renewable energy and wind power. The company was founded in 1972 and is headquartered in Stavanger.
For more information about the company, visit their website here.
Technical Analysis of Equinor ASA
(ticker on Oslo Stock Exchange: EQNR)
The Equinor share has thus fallen by around 40 percent from a peak of NOK 410 in August 2022 to the current level of around NOK 240.
The stock finds significant technical support around the NOK 240 level, and the stock appears as a very interesting buy candidate as Aksjeanalyser.com assesses it.
Read also the technical analysis of the oil price below here, which supports Aksjeanalyser.com’s view of the Equinor share.
On the upside, the first important technical resistance level for the Equinor share are around NOK 280 and 320.
A break above the NOK 320 level will trigger a strong technical buy signal for the Equinor share, which will then signal a further rise up to previous peaks around NOK 380 – 400.
Based on the overall technical picture, both for Equinor and for the oil price, Aksjeanalyser.com assesses that Equinor (EQNR) is at a very interesting buy level now around NOK 240.
The potential for the share is considered to be NOK 320 in the 3-6 month term, and in the event of a break above the NOK 320 level, the potential is considered to be further up to NOK 380 – 410.
Technical Analysis of the oil price
(Brent Spot)
If we look at the oil price, this is of course related to the fact that Equinor’s share price has fallen by as much as 40 percent since its peak in August 2022, and the fall in the oil price from its peak in 2022.
The oil price (Brent Spot) has fallen from a peak of around USD 120 in 2022 to a low this year of around USD 60, while today it is around USD 68.
Brent Spot is moving within a large falling wedge formation, and it is now showing signs of being close to break out of this falling wedge formation.
Brent Spot has massive technical support around the USD 60 level, and it rebounded sharply to USD 80 after testing the USD 60 level, only to fall back again and below an important technical level around USD 70 (see chart).
This technical level for Brent Spot around USD 70 is very important in terms of the further development in the short and medium term for the oil price.
If there is a break above the USD 70 level, a strong technical buy signal for the oil price will be triggered, and there could quickly be a break upwards from the falling wedge formation that the oil price has moved within since peaking around USD 120 in 2022.
Based on the overall technical picture for the oil price (Brent Spot), it is indicated that such a break may come soon above the USD 70 level and out of the falling wedge formation.
This would trigger a very strong technical buy signal for the oil price, which could then quickly rise to the next important technical level, which is around the USD 90 level. Should the USD 90 level also be broken, a further rise to the previous peak from 2022, around USD 120, will be signaled.
The Equinor share may be at a very favorable level to buy!
Based on both the technical picture for the oil price and for Equinor (EQNR), Aksjeanalyser.com assesses that the Equinor share may be at a very favourable level to buy now.
Keep in mind that Equinor is a very solid company and also provides a direct return per year in the form of dividends of between 6-12% (which is what it has been in recent years and also in 2025).
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