Sandvik (SAND.ST)

Close: 237.60 (+2.00), Apr 15, 2021
Hold

Medium risk

Automatic technical analysis. Medium term, Apr 15, 2021

Sandvik shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has risen strongly since the positive signal from rectangle formation at the break through the resistance at 188. The objective at 217 is now met, but the formation still gives a signal in the same direction. The stock is testing the resistance at kronor 243. This could give a negative reaction, but an upward breakthrough of kronor 243 means a positive signal. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 18)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.72%616.91+0.85%
5 days-80.925.69%576.29-1.08%
22 days-27.8215.22%618.61-1.61%
66 days-11.8133.19%576.82+9.90%

More analyses of Sandvik

chart Sandvik (SAND) Candlesticks 22 Days
Candlesticks
chart Sandvik (SAND) Short term
Short term: Hold
chart Sandvik (SAND) Medium term
Medium term: Hold
chart Sandvik (SAND) 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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