Brent Crude NYMEX (BZ.FUT)

Lyhyt aikaväli

Osakkeen kurssi on rikkonut nousutrendikanavan tukilinjan. Tämä indikoi hitaampaa kasvunopeutta aluksi, tai horisontaalimman kehityksen alkua. Osakkeen kurssi on laskenut läpi pää ja hartiat -kuvion tukitason 87.39. Tason läpäisy antaa myyntisignaalin ja indikoi laskun jatkuvan 82.64 tasolle tai pidemmälle. Futuuri testaa tuen n. 83.60 n kohdalla, mikä voi antaa reaktion ylöspäin. RSI on ylimyyty. Osakkeen kurssi saattaa pudota lisää, ja odotamme RSI:n nousevan ennen kuin tämä voidaan tulkita ostosignaaliksi. Osaketta pidetään kokonaisuutena teknisesti neutraalina lyhyellä aikavälillä.

Recommendation one to six weeks: Hold (Pistesumma: -15)

Keskipitkä tähtäin

Osakkeen kurssi on läpäissyt nousutrendin tukilinjan. Tämä indikoi hidastuvaa kasvunopeutta tulevaisuudessa. Liikkuu suorakulmiossa tukitason ollessa 72.13 ja vastustustason ollessa 91.36. Näiden tasojen murtuminen indikoi kurssikehityksen tulevaa suuntaa Futuuri testaa vastuksen n. 83.70 n kohdalla. Tämän täytyy aiheuttaa reaktion alaspäin, kun taas rikkoutuminen ylöspäin 83.70 n läpi laukaisee ostosignaalin. Volyymihuiput ja volyymipohjat vastaavat huonosti kurssin huippuja ja pohjia. Tämä heikentää osaketta. RSI-käyrä näyttää laskevaa trendiä, mikä voi olla aikainen signaali laskevan trendin alkamisesta. Osaketta pidetään kokonaisuutena teknisesti heikosti negatiivisena keskipitkällä aikavälillä.

Recommendation one to six months: Heikko myyntisuositus (Pistesumma: -34)

Pitkä aikaväli

Osakkeen kurssi on laskutrendissä ja tämän kehityksen voidaan odottaa jatkuvan. Mikäli korjausliikkeitä tapahtuu, kurssi kohtaa vastusta trendikanavan vastuslinjan kohdalla. Liikkuu suorakulmiossa tukitason ollessa 72.13 ja vastustustason ollessa 91.36. Näiden tasojen murtuminen indikoi kurssikehityksen tulevaa suuntaa Futuuri sijaitsee tukitason n. 74.00 ja vastustason n. 97.00 välissä ja näiden jomman kumman tason pysyvä rikkoutuminen signalisoi tulevaa suuntaa. Osaketta pidetään kokonaisuutena teknisesti heikosti negatiivisena pitkällä aikavälillä.

Recommendation one to six quarters: Heikko myyntisuositus (Pistesumma: -50)

Investtech’s analyses focus on a stock’s trend status, short term momentum and volume development. These are central topics of technical analysis theory that describe changes in investor optimism or fluctuations in a company’s financial development. However, Investtech’s strong focus on these elements is due to research results that clearly indicate causation between these factors and future return on the stock market.

Trend

Theory: Stocks in rising trends will continue to rise.

Psychology/economy: Rising trends indicate that the company experiences positive development and increasing buy interest among investors. Read more

Research: Stocks in rising trend channels in Investtech’s medium long term charts have been followed by an annualized excess return of 7.8 percentage points compared to average benchmark development. This is shown by Investtech’s research into 34,880 cases of stocks in rising trends on the Nordic Stock Exchanges in the period 1996 to 2015.
Read more about the research results here

 

Momentum

Theory: Stocks with rising short term momentum will continue to rise. Stocks with very strong momentum (overbought) will react backwards.

Psychology/economy: RSI above 70 shows strong positive momentum. The stock has risen in the short term without any significant reactions downwards. Investors have kept paying more to buy stocks. This indicates that more investors want to buy the stock and that the price will continue to rise. Read more

Research: Stocks with strong momentum have on average continued to rise, and more so than the average stock listed on the Exchange. This is shown by Investtech’s research into 24,208 cases of stocks on the Nordic Stock Exchanges in the period 1996 to 2015 where RSI went above 70 points, indicating strong and increasing short term momentum. On average, annualized, the stocks rose the equivalent of 11.4 percentage points more than the average stock.
Read the research report here

 

Volume

Theory: Rising prices on high volume and falling prices on low volume indicate strength in a stock. Volume can confirm a rising trend or signal that a falling trend is ending.

Psychology/economy: When investors very much want to buy a stock, they have to increase the price to find new sellers. Rising price on high volume shows that some investors are so aggressive that they push the price up to be able to buy the stock. Investtech’s Volume Balance tool measures the relation between price rise and volume and measures investor aggression at rising and falling prices. Read more

Research: Stocks with volume balance above 40 have been followed by an average annual return of 4.7 percentage points on the Nordic Stock Exchanges, shown by research conducted by Investtech into 24,580 cases.
Read the research report here

 

Investtech's analyses

Investtech has combined theory, psychology and research into powerful investment tools.

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Investtech are behavioural finance and quantitative stock analysis specialists. The company sells analysis products to private, professional and institutional investors. Investtech manage the AIFM company Investtech Invest, which invests customers’ funds in the stock market.

Investtech’s computers analyze more than 28,000 stocks from 12 different countries every day. The analyses are presented in eight languages and sold to customers worldwide. In addition to the automatic analyses, the company’s analysts present subjective assessments and recommendations for some markets. The analyses are available to customers in the form of daily morning reports and cases, and weekly market updates and model portfolios.

Investtech’s algorithms for analysis, ranking and stock recommendations are based on research dating back to 1993. Part of the research was conducted in cooperation with Oslo University and the Norwegian Research Council. Research still has high priority for Investtech. Many of the company’s research results are available for customers on the company’s web site.

The company’s basic product starts at approx. 30 euro per month. Investtech also provides bespoke products for integration on partners’ web sites and for use in newsletters, for example to stock brokers and the media. Contact us by e-mail to info@investtech.com or by phone +47 21 555 888 for more information. A free trial subscription is available to order on our web site www.investtech.com.