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Content
Signals
All indicators - Medium term
HarviaMay 3, 2024
YIT CorporationMay 3, 2024
Revenio GroupMay 3, 2024
IncapMay 3, 2024
Olvi AMay 3, 2024

The market showed a small gain Friday, and OMX Helsinki ended the day at 9967 points, which is an increase of 0.6 percent. The week as a whole showed a gain of 1.3 percent.

112 shares showed a gain and 51 showed a loss. 13 shares were unchanged and closed at the same price as the previous day. There was no trading in 4 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 0.4 billion.

Neste OYJ declined slightly 0.5 percent and ended the day at 22.07 euro. The stock has thereby closed down 14 out of the past 16 days. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 23.50 euro and a further decline is indicated.
Oma Säästöpankki ended with a steep loss of 2.9 percent and closed at 16.26 euro. The stock has now closed down for the fourth day in a row and this past month the stock has lost as much as 20.9 percent. It was also high volume. Overall it was traded for 4 millions euro in the stock, which is five times as much as normal daily turnover. It does not look good technically either. The stock is trend wise positive in the medium term, but has resistance at 17.40 euro.
Citycon closed at 3.99 euro after posting a gain of 2.6 percent. We must go back to Dec 14. 2023 to find an equally strong rise. That time the stock gained 3.2 percent. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 7.1 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
Kemira gained 2.7 percent to 21.70 euro. This past week the stock has gained as much as 26.8 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 17.30 euro and a further increase is indicated.
Kojamo showed a small gain and ended the day at 10.69 euro, which is an increase of 0.9 percent. The stock has thereby closed up ten out of the past 12 days. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5128 points, which is an increase of 1.3 percent. The week as a whole showed a gain of 0.5 percent.

Indices
OMX Helsinki
arrow green   Weak Positive Candidate
OMX Helsinki has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The index has given a positive signal from the rectangle formation by a break up through the resistance at 9837. Further rise to 10031 or more is signaled. The index has broken up through resistance at points 9850. This predicts a further rise. In case of negative reactions, there will now be support at points 9850. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 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 index has broken a resistance level in the short term and given a positive signal for the short-term trading range. The index is between support at points 4970 and resistance at points 5250. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Stora Enso R (STERV) Price 12.90, May 3, 2024
chart
Stora Enso R has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The price has reacted back after a possible false break of the rectangle formation. A decisive break up through 12.95 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. There is no resistance in the price chart and further rise is indicated. In case of a negative reaction, the stock has support at approximately 12.60 euro. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.99%887.44
CAC400.54%7957.57
COMPX1.99%16156.00
DAX0.59%18002
HEX0.60%9966.99
N1000.52%1504.89
OMXC25GI0.36%2185.56
OMXSPI0.76%954.50
OSEBX0.50%1371.30
PSI20-0.25%6648.67
TECDAX0.81%3266.22
BUK100P0.46%819.94
EURUSD0.53%1.0800
CL (OIL)-1.06%78.11
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXneutralpospos
DAXpospospos
HEXposposneutral
N100posneutralpos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralneutral
BUK100Ppospospos
EURUSDnegpospos
CL (OIL)negneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Helsingin pörssi - Medium term
 
      
25% 54% 21%
 46 Buy Candidates
 99 Neutral
 39 Sell Candidates
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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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