Sandvik (SAND.ST)

Close: 191.55 (-2.20), Dec 2, 2020
Positive

Medium risk

Automatic technical analysis. Medium term, Dec 2, 2020

Sandvik is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The stock has given positive signal from rectangle formation by a break up through the resistance at 188. Further rise to 217 or more is signaled. The stock is approaching support at 185 kronor, which may give a positive reaction. However, a break downwards through 185 kronor will be a negative signal. The short term momentum of the stock is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for Sandvik. 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: 86)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-1.77%500.81-1.14%
5 days-36.456.10%536.13-0.57%
22 days19.6516.67%577.55+16.23%
66 days14.4433.78%518.97+12.21%

More analyses of Sandvik

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