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Content
Signals
All indicators - Medium term
Kongsberg GruppenJun 7, 2024
Höegh AutolinersJun 7, 2024
Wallenius WilhelmsenJun 7, 2024
TGSJun 7, 2024
DOF Group ASAJun 7, 2024

The market showed a small gain Friday, and Hovedindeksen ended the day at 1423 points, which is an increase of 0.5 percent. The week as a whole showed a loss of 1.2 percent. The index has thereby closed up 20 out of the past 29 days.

138 shares showed a gain and 152 showed a loss. 29 shares were unchanged and closed at the same price as the previous day. There was no trading in 13 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 5.0 billion.

Otovo ASA closed at 2.30 kroner after a huge gain of 51.9 percent. The stock has never gained more in one day since we started measuring this Mar 9. 2021. The volume was also very high. At session end it was bought and sold shares for about 29 million kroner in the stock, which equals 15 times mean daily turnover. Technically it also looks good. The stock is assessed as technically slightly positive for the medium long term.
BW LPG increased slightly 1.5 percent and ended the day at 202 kroner. The stock has thereby closed up 23 out of the past 27 days and this past month the stock has gained as much as 30.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 147 kroner and a further increase is indicated.
Interoil Exploration and Production fell sharply to close at 6.30 kroner, down 15.1 percent. We must go back to Jun 15. 2022 to find an equally steep drop. That time the stock lost 17.6 percent. Technically, however, it looks good. The stock is assessed as technically positive for the medium long term.
Questerre Energy Corporation showed a flat development and ended the day at 2.51 kroner (+0.4 percent). The stock has now risen for the seventh day in a row. The stock is with that up 39.4 percent after the buy signal from the inverse head and shoulders formation two weeks ago.
Wallenius Wilhelmsen was down 2.9 percent to close at 103 kroner. The stock has now fallen for the fourth day in a row and this past week the stock has lost as much as 7.7 percent. The stock broke down through the support at 103 kroner in double top formation. This triggered a sell signal on increasing volume and a further drop to 93.51 kroner within one month is indicated.

Stockholmsbörsen approximately even on Friday
OMX Stockholm PI moved more or less horizontally on Friday and closed at 993 points (+0.1 percent). For the week as a whole the index showed only a slight change of +0.3 percent.

US 500 approximately even on Friday
S&P 500 moved more or less horizontally on Friday and closed at 5347 points (-0.1 percent). The week as a whole showed a gain of 1.3 percent.

Indices
Hovedindeksen
arrow green   Positive Candidate
Investors have paid higher prices over time to buy Hovedindeksen and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 1310 points. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI shows strong development within a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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 862 points. The index is assessed as technically positive for the medium long term.
S&P 500
arrow green   Positive Candidate
Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index has broken up through resistance at points 5260. This predicts a further rise. The index is assessed as technically positive for the medium long term.
Today's candidate
Odfjell A (ODF) Price 166.40, Jun 7, 2024
chart
Odfjell A is in a rising trend channel in the medium long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. However, the price has broken a support level in the short term and given a negative signal for the short term trading range. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 128 kroner. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX0.04%923.71
CAC40-0.48%8001.80
COMPX-0.23%17133.00
DAX-0.51%18557
HEX-0.27%10187.00
N100-0.40%1540.52
OMXC25GI0.29%2333.83
OMXSPI0.11%993.44
OSEBX0.46%1423.28
PSI20-1.13%6737.11
TECDAX0.29%3454.73
BUK100P-0.40%822.55
EURUSD-0.70%1.0800
CL (OIL)-0.03%75.53
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXpospospos
DAXposneutralpos
HEXneutralnegneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDposnegneutral
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
52% 25% 23%
 189 Buy Candidates
 92 Neutral
 81 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   77% Positive
   86 Positive
   25 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.

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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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