Global stocks: Buy signals in three European stocks

Published November 28, 2018

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We have been writing about US and UK based stocks for a while, but today we thought why not talk about stocks from other markets. We do provide analyses for 12 international markets, after all. Today we choose to look at three stocks from three different European markets; Germany, the Netherlands and Finland.

Muench.Rueckvers.Vna o (MUV2.DE) Close: 196.00

Muench.Rueckvers.Vna o.N. shows strong development within a rising trend channel in all short, medium and long term charts. This signals increasing optimism among investors and indicates continued rise.

After being in a sideways movement for a while, the stock has now broken upwards and closed above its resistance of 195. A new buy signal has been initiated. In case of negative reactions, there will now be support at 195 and 190.

Investtech's outlook (one to six months): Buy

AIR FRANCE -KLM (AF.AS) Close: 10.12

AIR FRANCE -KLM is in a rising trend channel in the medium 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 euro 9.30 and resistance at euro 11.00 and 14.20. 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.

Investtech's outlook (one to six months): Buy

Amer Sports Corporation (AMEAS.HEX) Close: 33.50

Amer Sports Corporation is in a rising trend channel both in the medium and long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing.

The stock gave a buy signal from a rectangle formation in early September. The target from the formation has been achieved, but the formation indicates that the stock may continue to rise. There is support at euro 29.00-28.00 and resistance at euro 35.50.  If the stock manages to break and close above the resistance, that would initiate a new buy signal.

Investtech's outlook (one to six months): Buy

 

The analyses are based on closing price as per November 27, 2018.

Note: These instruments are traded in currency based on the exchange or country they are listed on.

Skrivet av

Kiran R. Shroff
Analytiker
i Investtech

"Investtech analyserar psykologin i marknaden och ger dig konkreta tradingförslag varje dag."

Espen Grönstad
Partner & Senior Advisor - Investtech
 


Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligere information om Investtechs analyser finns på infosidan.


Investtech garanterar inte fullständigheten eller korrektheten av analyserna. Eventuell exponering utifrån de råd / signaler som framkommer i analyserna görs helt och fullt på den enskilda investerarens räkning och risk. Investtech är inte ansvarig för någon form för förlust, varken direkt eller indirekt, som uppstår som en följd av att ha använt Investtechs analyser. Upplysningar om eventuella intressekonflikter kommer alltid att framgå av investeringsrekommendationen. Ytterligere information om Investtechs analyser finns på infosidan.

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