Nel ASA share: the all-time high could soon be the target again – chart analysis

It was an intense day for Nel ASA shares, and Friday was no exception. Prices between 2.024 euros and 2.219 euros could be seen, with which the hydrogen share missed a stable rebreak back over the important technical chart obstacle zone. In late trading on the Frankfurt Stock Exchange, however, the bull trap no longer had any major consequences for Nels share price. At 2.179 euros it went out of trading just below the daily high, at 2.161 euros the price reaction after the erroneous breakout ended.

After slipping back below the technical support zone at 2.174 / 2.195 euros, the Nel ASA share has already caught up again. The consolidation from the all-time high of 2.475 euros, which was reached on November 30th, has not yet ended the share price of the Norwegian hydrogen company. For this, 2.195 euros must be surmounted in a stable manner.

The first technical chart support can be found between the daily low on Friday and EUR 2.04 / 2.06. Below that, there is already a technical support zone for the Nel share around the core area at 1.964 / 1.979 euros in the event of a break. Other, but sometimes weak, supports range from 1.95 euros and 1.89 / 1.91 euros and 1.85 / 1.87 euros.

A rise in the hydrogen share back above 2.174 / 2.195 euros and 2.201 / 2.219 euros, on the other hand, could make the situation more friendly again. If there are stable buy signals here, the Nel share could climb back towards the all-time high. Possible intermediate obstacles are available for 2.266 / 2.289 euros.

Important technical data on the Nel ASA share:

Last share price: 2.179 euros (exchange: XETRA – Frankfurt)
Bollinger Bands 20 (bottom / top): 1.686 euros / 2.396 euros
EMA 20: 2.041 euros
EMA 50: 1.917 euros
EMA 200: 1.605 euros

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