Ørsted (ORSTED.CO)

Close: 545.20 (+7.60), May 24, 2019
Automatic technical analysis
Medium term
Recommendation one to six months
Positive

Low risk

Liquidity risk: LowVolatility risk: Low

Indicators 

Rising trend

Trend floor at 468.43 (-14.1%).
Trend ceiling at 550.95 (+1.1%).
Annualized rate of increase 32%.

Neutral volume balance

VolBal22: 8

Strong positive momentum

RSI21: 71

Analyses


Short

Medium

Long

Overall

Automatic technical analysis. Medium term, May 24, 2019

Ørsted 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. The stock has support at kroner 500. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The stock is overall assessed as technically positive for the medium long term.

Recommendation one to six months: Positive (Score: 79)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-0.98%158.49+1.41%
5 days4.633.36%177.36+4.36%
22 days8.158.47%169.91+9.54%
66 days21.4515.94%176.64+17.27%

More analyses of Ørsted

chart Ørsted (ORSTED) Candlesticks 22 Days
Candlesticks
chart Ørsted (ORSTED) Short term
Short term: Positive
chart Ørsted (ORSTED) Medium term
Medium term: Positive
chart Ørsted (ORSTED) Long term
Long term: Positive




 


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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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