Global stocks: Three stocks from three different markets

Published August 22, 2018

This week we have chosen to write about three well known stocks from three different markets around the globe.
Our analysis is majorly based on trend, as it is said, ‘trend is your best friend’, price formations and volume and momentum indicators. More can be read about Investtech's research at www.thetrendbible.com.

Note: These stocks are traded in currency based on the country they are listed on.

Adidas AG o.N. (ADS.DE) Close: 210.50


Investors have paid higher prices over time to buy Adidas AG o.N. and the stock is in a rising trend channel in the medium term. This indicates increasing optimism among investors and suggests continued rise for Adidas AG.
The stock is trading around all time high level, so there is no special resistance. However, in case of a correction, there is support around 197.
Adidas AG o.N. is listed on CDAX and is traded in Euro.
Investtech's recommendation: Buy

Nordea Bank (NDA.CO) Close: 66.80 


Listed on the Copenhagen Exchange, Nordea Bank has recently broken out of the ceiling from a downtrend channel on the medium term. At the same time the banking stock has given a buy signal from a double bottom formation via rising above the resistance at 65.40.
This breakout has been supported by positive balance indicator which indicates that prices rise on high volume and correct on low volume. This is a sign of strength and further price increase is suggested for Nordea Bank.
Currently the share is trading right under a short-term resistance around 68. A close over this level can lead the stock to 72.70 level or more and eventually a positive change in trend. There is now support around 65.40.
Nordea Bank is traded in Danish Kroner on the Copenhagen Exchange.
Investtech's recommendation: Weak Buy

United Parcel Service (UPS.NY) Close: 123.01 


United Parcel Service does not show any clear trend in the medium term chart, but is certainly in rising trend channel in short and long term charts. The stock har broken up through resistance around 121 and further price rise is predicted. There is support around 121-119 levels.
Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term. RSI is above 70 after a good price increase the past weeks. The stock has strong positive momentum and further increase is indicated.
Given that the prices are inside the rising trend channel in the long term chart, recommendation for this NYSE listed company is buy. The stock is traded in dollars.
Investtech's recommendation: Buy

 

 

The analyses are based on closing price as per August 21, 2018.

Skrevet av

Kiran R. Shroff
Analytiker
i Investtech

"Investtech analyserer psykologien i markedet og gir deg konkrete tradingforslag hver dag."

Espen Grønstad
Partner & Senior Advisor - Investtech
 


Investeringsanbefalingen(e) er utarbeidet av Investtech.com AS ("Investtech"). Investtech garanterer ikke fullstendigheten eller riktigheten av analysen. Eventuell eksponering i henhold til rådene / signalene som fremkommer i analysene står fullt og helt for investors regning og risiko. Investtech er ikke ansvarlig for noe tap, verken direkte eller indirekte, som oppstår som en følge av bruk av Investtechs analyser. Opplysninger om eventuelle interessekonflikter vil alltid fremgå av investeringsanbefalingen. Ytterligere informasjon om Investtechs analyser finnes på informasjonssiden.


Investeringsanbefalingen(e) er utarbeidet av Investtech.com AS ("Investtech"). Investtech garanterer ikke fullstendigheten eller riktigheten av analysen. Eventuell eksponering i henhold til rådene / signalene som fremkommer i analysene står fullt og helt for investors regning og risiko. Investtech er ikke ansvarlig for noe tap, verken direkte eller indirekte, som oppstår som en følge av bruk av Investtechs analyser. Opplysninger om eventuelle interessekonflikter vil alltid fremgå av investeringsanbefalingen. Ytterligere informasjon om Investtechs analyser finnes på informasjonssiden.

Titlex

OK