Chart Tekninen analyysi China Nonferrous Gold Limited (CNG)

Keskipitkän aikavälin suositus

Osakkeen kurssi on laskutrendissä ja tämän kehityksen voidaan odottaa jatkuvan. Mikäli korjausliikkeitä tapahtuu, kurssi kohtaa vastusta trendikanavan vastuslinjan kohdalla. Liikkuu suorakulmiossa tukitason ollessa 8.05 ja vastustustason ollessa 11.05. Näiden tasojen murtuminen indikoi kurssikehityksen tulevaa suuntaa Osake lähestyy vastusta n. 10.50 pencen kohdalla, mikä voi antaa reaktion alaspäin. Osakkeen vähäinen vaihto (kauppaa käyty 100% :na päivistä, keskimäärin 0.14 miljoonaa päivässä) saattaa heikentää analyysin merkittävyyttä. Osaketta pidetään kokonaisuutena teknisesti neutraalina keskipitkällä aikavälillä.

Subscription required


Historiallinen kehitys

Periodi Vol.bal. Volatiliteetti Likviditeetti +/- %
1 päivä0.006.03%0.24+5.35%
1 viikko-18.2418.44%0.13+3.68%
1 kuukausi-19.7142.25%0.14+15.88%
3 kuukautta-11.3178.77%0.38+22.36%


Volatiliteettiriski: ÄärimmäinenLikviditeettiriski: Korkea


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:

  • INVESTOR contains long and medium long term analyses, Top50 and Today’s Case.
  • TRADER also includes short term analyses, sorting by trends and statistics, and the Morning Report.
  • PROFESSIONAL gives access to all Investtech’s analysis tools, including Trading Opportunities, Overall Analysis and Hausse indices.

See and compare subscriptions here

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.

Kirja teknisestä analyysistä

Investtech’s book, Technical StockAnalsis – for lower risks and increased returns, is easy to read and a practical introduction to technical analysis.

  • Market psychology
  • What is technical analysis?
  • Trends
  • Support and Resistance
  • Formations
  • Volume
  • ++

Get the book


Investtech works on research into behavioural finance. Several research projects are supported by the Norwegian Research Council. The results are utilised in our analyses and tested with excellent results on real investments. Our research is based on principles of mathematical pattern recognition, statistical optimisation and behavioural finance.

The company’s primary goal is to identify conditions that can give investors robust excess return over time. Research results show that quantitative analyses give good results and make a useful investment decision making tool. Try a free trial of Investtech’s analyses here. Get 14 days’ complete access with no obligations!

Rectangle formations give good signals

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.

Try the analyses for free for 14 days here

Read more about buy signals from rectangle formations

Get daily technical analysis of all stocks

Get full access to Investtech’s analyses for 14 days at no cost and with no obligations. Access is automatically closed after 14 days.

Order free trial!

Results: +11,4 percentage points excess return per year

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.

Insight & Skills

Investtech offers a wide selection of courses and seminars for private and professional investors. Our competence and experience can help you make better investment decisions!

  • See scheduled courses or make requests.
  • Webinars: Follow our webinars at home from your computer, smart phone or tablet.
  • WebTV: Market commentary, news and updates from Investtech.

See scheduled courses and webinars on the Insight & Skills pages!


  • The best newsletter in the market
  • Customisable and personal
  • By e-mail every morning, for free

Receive AnalysisNews to your e-mail address:

Complete analyses

Investtech does technical & quantitative analysis of all stocks for you.

Order a free trial here

Insight & Skills

Learn more about Investtech's technical analysis systems here.


Investtech’s analyses give quick and simple access to a wide universe. Investtech is an important tool for private and professional investors.

Why use technical stock analysis?

Use technical analysis to:

  • pick winning stocks,
  • keep the stocks long enough, and
  • sell at the right time.

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.

What are possible pitfalls when using technical analysis?

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.

Is technical analysis enough or should it be supplemented by something?

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.

Who should use technical analysis and how do you get started?

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:

  • Try a free trial subscriptions with Investtech. Complete the competence program online and learn which indicators and signals have given the statistically best return.
  • Register for Investtech’s daily e-mail newsletter. It is free and contains a market commentary and a recommended stock.
  • Read literature about technical analysis, for example Investtech’s book.
  • Be curious and patient. Demand statistical explanations and also logical and psychological explanations for analyses and recommendations.
  • Think portfolio risk. Diversify your investments across at least five stocks, or even ten. Follow up weekly at least.
  • Remember that stock investments are fun! Bear to take your losses and do it fast. Enjoy your winnings and don’t sell too soon.

Get daily technical analysis of all stocks

Beginner or active trader? We offer subscriptions that suit your needs.


Get a 14 day free trial!

Get full access to Investtech’s analyses for 14 days at no cost and with no obligations. Access is automatically closed after 14 days!

Compare products here


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 disclaimer.

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 disclaimer.