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Is EQNR likely to continue higher? 20 Day Moving Average Support shows up after dropping 2.67%

Equinor ASA (EQNR) — SwingTradeBot Technical Analysis Report · Aug 5, 2026, 17:37 ET
EQNR closed down 2.67% on Wednesday, August 5th, with volume running 1.0× above average. Mixed technical signals appeared with 20 DMA Support suggesting upside potential, while MACD Bearish Signal Line Cross indicated possible weakness — creating a conflicted technical picture. Key support levels exist at 37.54, 36.96 & 35.84, with resistance at 39.24, 40.36 & 40.94.

Current SwingTradeBot Technical Rating of EQNR: A

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Equinor ASA (EQNR)