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Content
Signals
All indicators - Medium term
Norwegian Air ShuttleApr 25, 2024
AutostoreApr 25, 2024
Lerøy Seafood GroupApr 25, 2024
REC SiliconApr 25, 2024
EuroprisApr 25, 2024

The market showed a small gain Thursday, and Hovedindeksen ended the day at 1359 points, which is an increase of 0.4 percent.

118 shares showed a gain and 156 showed a loss. 36 shares were unchanged and closed at the same price as the previous day. There was no trading in 20 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 7.5 billion.

Norsk Titanium closed at 2.82 kroner after a gain of 24.8 percent. The stock therby broke above the 2.50 -mark for the first time since Jul 2023. This past week the stock has gained as much as 206.5 percent. Technically it also looks good. The stock is assessed as technically slightly positive for the medium long term.
Norwegian Air Shuttle closed at 15.01 kroner after a steep drop of 6.7 percent. We must go back to Aug 24. 2023 to find an equally steep drop. That time the stock lost 7.8 percent. The stock has thereby closed down nine out of the past 12 days. The stock broke down through the support at 16.07 kroner in double top formation. This triggered a sell signal on increasing volume and a further drop to 14.39 kroner within three months is indicated. The volume was also high. At session end it was bought and sold shares for about 496 million kroner in the stock, which equals five times mean daily turnover.
Europris fell sharply to close at 69.50 kroner, down 12.1 percent. The stock has never lost more in one day since Feb 1. 2018, when it was down 13.3 percent. It was also high volume. Overall it was traded for 125 millions kroner in the stock, which is ten times as much as normal daily turnover. It does not look good technically either. The stock is assessed as technically slightly negative for the medium long term.
Gjensidige Forsikring closed at 178 kroner after posting a gain of 5.7 percent. The previous time the stock gained this much was Mar 24. 2020, when it closed up 6.8 percent. The stock has now closed up for the sixth day in a row. Technically it also looks good. The stock has broken up through resistance at 176 kroner.
Autostore closed at 15.38 kroner after a huge loss of 15.8 percent. The stock has never lost more in one day since we started measuring this Oct 20. 2021. The stock triggered a sell signal by the break down through the support at 16.40 kroner in head and shoulders formation. A further drop to 12.53 kroner within six months is indicated. It was also high volume. Overall it was traded for 74 millions kroner in the stock, which is four times as much as normal daily turnover.

Stockholmsbörsen weakly lower Wednesday
The market showed a small loss Wednesday, and OMX Stockholm PI ended the day at 950 points, which is a decline of 0.4 percent.

US 500 approximately even on Wednesday
S&P 500 moved more or less horizontally on Wednesday and closed at 5072 points (+0.0 percent).

Indices
Hovedindeksen
arrow green   Positive Candidate
Hovedindeksen shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 1312 points. The index is assessed as technically positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 828. The objective at 914 is now met, but the formation still gives a signal in the same direction. The index is approacing resistance at 970 points, which may give a negative reaction. However, a break upwards through 970 points will be a positive signal. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Weak Positive Candidate
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Today's candidate
Austevoll Seafood (AUSS) Price 85.10, Apr 25, 2024
chart
Austevoll Seafood is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock is moving within a rectangle formation between support at 72.83 and resistance at 85.89. A decisive break through one of these levels indicates the new direction for the stock. It also gave positive signal from the rectangle formation at the break up through the resistance at 82.72. Further rise to 92.52 or more is signaled. The stock has support at kroner 80.00 and resistance at kroner 94.40. Volume has previously been low at price tops and high at price bottoms. This weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX-0.09%874.02
CAC40-0.17%8091.86
COMPX0.10%15713.00
DAX-0.27%18089
HEX-0.53%9925.43
N100-0.19%1515.79
OMXC25GI-1.26%2197.27
OMXSPI-0.43%949.57
OSEBX0.41%1358.86
PSI20-0.95%6529.93
TECDAX0.39%3299.60
BUK100P-0.07%802.78
EURUSD-0.14%1.0700
CL (OIL)-0.66%82.81
Indices Evaluations
 SML
AEXposneutralpos
CAC40posneutralpos
COMPXposposneutral
DAXposneutralpos
HEXneutralposneutral
N100pospospos
OMXC25GIneutralposneutral
OMXSPIneutralpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegnegneutral
BUK100Ppospospos
EURUSDnegnegneg
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
45% 28% 27%
 161 Buy Candidates
 102 Neutral
 97 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   76% Positive
   34 Positive
   11 Negative
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Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.


Investtech guarantees neither the entirety nor accuracy of the analyses. Any consequent exposure related to the advice / signals which emerge in the analyses is completely and entirely at the investors own expense and risk. Investtech is not responsible for any loss, either directly or indirectly, which arises as a result of the use of Investtechs analyses. Details of any arising conflicts of interest will always appear in the investment recommendations. Further information about Investtechs analyses can be found here disclaimer. The content provided by Investtech.com is NOT SEC or FSA regulated and is therefore not intended for US or UK consumers.

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