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Content
Signals
All indicators - Medium term
Sparebank 1 ØstlandetApr 18, 2024
Hexagon PurusApr 18, 2024
BW Energy LimitedApr 18, 2024
Northern Ocean Ltd.Apr 18, 2024
AkastorApr 18, 2024

The market showed a small loss Thursday, and Hovedindeksen ended the day at 1343 points, which is a decline of 0.4 percent.

112 shares showed a gain and 172 showed a loss. 27 shares were unchanged and closed at the same price as the previous day. There was no trading in 19 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 5.7 billion.

Akastor closed at 12.20 kroner after posting a gain of 13.0 percent. The stock has never gained more in one day since Dec 11. 2023, when it was up 15.0 percent. The stock triggered a buy signal by the break up through the resistance at 11.54 kroner in rectangle formation. A further increase to 12.26 kroner within four months is indicated. The volume was also very high. At session end it was bought and sold shares for about 21 million kroner in the stock, which equals 21 times mean daily turnover.
Elkem closed at 19.64 kroner after posting a loss of 5.8 percent. We must go back to Oct 25. 2023 to find an equally steep drop. That time the stock lost 7.0 percent. The volume was also high. At session end it was bought and sold shares for about 121 million kroner in the stock, which equals seven times mean daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Odfjell Drilling closed at 53.30 kroner after a small gain of 1.5 percent. The stock has now closed up for the eighth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has support at 40.00 kroner and a further increase is indicated.
Schibsted B gained 1.8 percent to 306 kroner. The stock thereby reversed up after eight days of losses. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Grieg Seafood closed at 64.65 kroner after a small loss of 0.5 percent. The stock has now closed down for the seventh day in a row. It does not look good technically either. The stock is trend wise negative in the medium term, has broken down through support at 65.70 kroner and a further decline is indicated.

Stockholmsbörsen weakly higher Thursday
The market showed a small gain Thursday, and OMX Stockholm PI ended the day at 942 points, which is an increase of 0.2 percent.

US 500 falls for the fourth day in a row
The market showed a small loss Wednesday, and S&P 500 ended the day at 5022 points, which is a decline of 0.6 percent. The index has now closed down for the fourth day in a row.

Indices
Hovedindeksen
arrow green   Positive Candidate
Hovedindeksen is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the index has support at approximately 1313 points. The index is assessed as technically positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 828. The objective at 914 is now met, but the formation still gives a signal in the same direction. The index has support at points 860 and resistance at points 970. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow yellow   Neutral
S&P 500 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The index has broken a support level in the short term and given a negative signal for the short term trading range. The index has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically neutral for the medium long term.
Today's candidate
Wilh. Wilhelmsen Holding ser. B (WWIB) Price 350.00, Apr 18, 2024
chart
Wilh. Wilhelmsen Holding ser. B shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The stock has support at kroner 332 and resistance at kroner 380. The stock is assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX0.00%865.36
CAC400.52%8023.26
COMPX-1.15%15683.00
DAX0.38%17837
HEX0.34%9768.28
N1000.41%1500.77
OMXC25GI-0.37%2167.25
OMXSPI0.16%942.13
OSEBX-0.38%1342.62
PSI200.16%6234.41
TECDAX-1.42%3210.84
BUK100P0.24%786.93
EURUSD0.08%1.0700
CL (OIL)-3.13%82.69
Indices Evaluations
 SML
AEXposneutralpos
CAC40posneutralpos
COMPXneutralposneutral
DAXnegpospos
HEXnegnegneg
N100pospospos
OMXC25GIneutralposneutral
OMXSPIpospospos
OSEBXpospospos
PSI20negposneutral
TECDAXnegneutralneg
BUK100Pneutralneutralpos
EURUSDnegnegneg
CL (OIL)posneutralneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
47% 28% 25%
 169 Buy Candidates
 100 Neutral
 91 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   70% Positive
   46 Positive
   20 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.


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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