Embracer Group B (EMBRACB.ST)

Close: 79.44 (+1.61), Jun 23, 2022
Hold

High risk

Automatic technical analysis. Medium term, Jun 23, 2022

Embracer Group B is in a falling trend channel in the medium long term. This shows that investors over time have sold at lower prices to get out of the stock, and indicates negative development for the company. The price has reacted back after a possible false break of the double bottom formation. A decisive break up through 83.27 will again give new positive signals to the stock, while a break on the opposite side of the formation will be a strong negative signal. The stock is approaching support at 77.00 kronor, which may give a positive reaction. However, a break downwards through 77.00 kronor will be a negative signal. Volume has previously been low at price tops and high at price bottoms. This confirms the trend. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 13)

Period  
Vol.bal. Volatility Liquidity +/- %
1 day-2.30%285.32+2.07%
5 days-33.167.88%223.04+0.62%
22 days39.0920.69%379.51-1.93%
66 days29.5435.68%343.62+6.23%

More analyses of Embracer Group B

chart Embracer Group B (EMBRACB) Candlesticks 22 Days
Candlesticks
chart Embracer Group B (EMBRACB) Short term
Short term: Hold
chart Embracer Group B (EMBRACB) Medium term
Medium term: Hold
chart Embracer Group B (EMBRACB) Long term
Long term: 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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