Keskipitkän aikavälin suositus
Osakkeen kurssi on nousutrendissä ja tämän kehityksen voidaan odottaa jatkuvan. Mikäli korjausliikkeitä tapahtuu, kurssi saa tukea trendikanavan tukilinjan kohdalla. Osakkeen kurssi on rikkonut vastustason lyhyellä aikavälillä, mikä antaa ostosignaalin lyhyen ajan kaupankäyntivälille. Osake lähestyy vastusta n. 7.80 euron kohdalla, mikä voi antaa reaktion alaspäin. Volyymihuiput vastaavat hyvin kurssihuippuja ja volyymipohjat vastaavat hyvin kurssipohjia. Volyymibalanssi on myös positiivinen, mikä vahvistaa trendikuvaa. Osaketta pidetään kokonaisuutena teknisesti positiivisena keskipitkällä aikavälillä.
|Volatiliteettiriski: Keskisuuri||Likviditeettiriski: Matala|
Investtech does technical analysis of all stocks for you. A subscription with Investtech gives you analyses and recommendations for all stocks, sorting opportunities and stock selection. You get access to Investtech’s unique research results and competence programme. We do everything we can so that you will make better investments. You select your own subscription level and period. Contact customer support by phone: +47 21 555 888 for personal assistance.
Investtech offers unique chart analyses that show trends, price patterns, support and resistance levels and RSI. A written interpretation is given for each chart, with a concrete conclusion. The analyses are available for subscribers only, and we offer three subscription levels. Select the subscription that suits your requirements:
For over 20 years our mathematicians and statisticians have developed computer systems that analyse market psychology. Investtech's analyses are independent of investments firms, banks and the stock companies, and make an important complementary addition to, or replacement for, fundamental analysis.
Investtech works on methods and strategies for financial management. The company’s goal is to provide good decicision support for both private investors and large financial managers. Mr. Geir Linløkken is Head of the Research Department. He graduated the University of Oslo in 1995 as cand.scient in computer science with a specialization in mathematical modelling. He established the analysis company Investtech.com AS in 1997. Mr. Linløkken has worked on behavioural science and automated systems for technical analysis since 1993, and in 2001 he wrote the book "Technical StockAnalysis - for lower risks and increased returns."
Investtech’s proprietary algorithms identify rectangle formations in price patterns. Buy signals from such rectangle formations are considered robust and reliable, with a hit rate of close to 70 per cent.
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Investtech has worked on research into behavioural finance on the stock market, based on technical analysis theory, since the 1990s. The analyses are tested through model portfolios in six countries and they have all shown solid excess return since the start in 2001. As of January 2017, the portfolios have had an average excess return of 11.4 % per year vs the market and benchmark index. Trading Ideas are avilable for some markets for investors who want higher risk. These have also given solid excess return, but at a high risk. In addition, a wide selection of of research reports show that quantitative analysis has given good results and been a useful investment tool.
After several years of research, Investtech established the investment company Investtech Invest AS in 2009, building on Investtech’s quantitative systems. Since the start until January 2017, the company has given an average excess return to its investors of approximately 7 percentage points per year. The company’s investments are based on Investtech’s investment strategy. This supports the claim that the models also give good results in practice.
Investtech works with a number of finance market professionals and is frequently referred to by the media. The analyses are used for decision support by fund managers, banks and brokers, and as article support in the media. You can find analyses or articles citing Investtech every day. You will find us in the news media Dagens Næringsliv, Finansavisen, Hegnar, E24, Børsen, Børsen Play, Dagens Industri, SvD, Placera, Z24, and others. Other partners are ABN AMRO Bank, DNB, DI.se, Nordnet and PCM.
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Use technical analysis to:
Technical analysis aims to predict future price movements. The prediction is made through understanding investors’ psychological changes and thereby predicting increasing and decreasing optimism and buy interest. The analysis method is used both on individual stocks and indices.
Through the use of good tools, technical analysis is an objective form of analysis that gives concrete suggestions for purchase or sales. The method is easy to use and does not require great understanding of each company and each stock traded.
Investtech’s research shows that this method used over time gives good statistical opportunities to beat the market.
There are two important factors to keep in mind: objectivity and long term perspective.
Objectivity and simplicity are absolutely necessary, which means that analyses and advice have to be specific and leave no room for interpretation. Technical analysis has historically been a big toolbox with a great number of indicators and models with a range of parameters. This gives the opportunity to always find almost perfect models for specific stocks or periods of time, but it will rarely work in practice. It is even worse if working without quantitative tools, i.e. by just looking at the charts, drawing trend lines and identifying support and resistance on your own. You will easily see what you want to see and what fits in with your subconscious understanding of the stock. This can easily lead you in the very wrong direction, and you may end up being ruled by your own emotional fluctuations, such as greed and fear of loss. These are the exact psychological fluctuations we will profit from by the correct and patient use of technical analysis.
A long term perspective is also key. A very important characteristic of technical analysis, of all stock analysis, is the high uncertainty. You will never be especially certain of a specific outcome. Aim to be right a little more often than wrong, or even better, to make a little more money every time you are right than what you lose every time you are wrong. Technical analysis helps you side with the more likely outcomes. If you are right 55 per cent of the time, be happy!
But of course it is the nature of the stock market that maybe 6 of the first 10 trades go wrong, or you lose compared to the market in the first year. It is easy to start doubting the methods.
A common pitfall is changing your strategy and not trusting the statistical results when failing to achieve immediate success. Obtain a solid foundation for the strategy you choose, preferably both statistical/quantitative and through psychological/financial explanations/theory and FOLLOW YOUR STRATEGY.
Technical analysis itself is enough. Some even feel it’s a disadvantage to use fundamental analysis and paying attention to news streams and forums. It is easy to start doubting technical signals and quantitative recommendations. Technical analysis is based on the principle that all relevant information is expressed through the stock price movements. Profit is made from the lags and overreactions in the market.
Nevertheless, using fundamental analysis in addition to technical analysis may make you more confident about your investments. This may help you sleep at night. Ideally you want to buy stocks both because
1. they are fundamentally cheap and
2. investor demand is increasing.
Investtech recommends analysing insider trade quantitatively, where available, and taking it as fundamental analysis. Insiders buy stocks and put their own money into their own company when they feel the company is fundamentally cheap.
We have years of thorough research and results from real investments in the market that demonstrate that disciplined use of technical analysis with Investtechs tools have given good long-term results.
Technical analysis is especially well suited for private investors. Smaller private investors can enter and exit a stock quickly and are thus well situated to profit from technical analysis. We recommend the following procedure when deciding to try technical analysis:
Investtech ei takaa analyysien tarkkuutta tai kattavuutta. Kaikkien analyysien tuottamien neuvojen ja signaalien käyttäminen on täysin käyttäjän vastuulla. Investtech ei vastaa mistään tappioista, jotka saattavat syntyä Investtechin analyysien käytön seurauksena. Mahdollisten eturistiriitojen yksityiskohdat mainitaan aina sijoitusneuvon yhteydessä. Lisätietoja Investtechin analyyseistä löytyy täältä www.investtech.com/disclaimer.