Nel ASA shares rise amid technical recovery attempts

Nel ASA shares experienced a significant upward movement, gaining over 8% during Tradegate trading to reach a high of 0.205 EUR. This surge follows a period of volatility, with the stock recently testing a long-term support zone between 1.75 and 2.20 NOK.

Technical indicators, including the Relative Strength Index (RSI), have shown initial bullish signals, though the broader long-term downward trend remains intact. For a sustained recovery, analysts suggest the stock must reclaim the 2.30 NOK mark to move toward resistance zones between 2.70 and 4.00 NOK.

Financial reports for the quarter ending June 30, 2026, showed a loss per share of -0.10 NOK and total revenue of 153.41 million NOK, representing an 11.79% decrease compared to the previous year. Results for the third quarter of 2026 are expected to be released on October 15, 2026.