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Content
Signals
All indicators - Medium term
OMX Copenhagen IndustrMay 8, 2024
OMX Copenhagen Oil & GMay 8, 2024
Vestas Wind SystemsMay 8, 2024
TrygMay 8, 2024
Trifork Group AGMay 8, 2024

The market showed a small gain Wednesday, and OMX Copenhagen 25 GI ended the day at 2236 points, which is an increase of 0.4 percent. The index has now closed up for the fourth day in a row.

76 shares showed a gain and 72 showed a loss. 13 shares were unchanged and closed at the same price as the previous day. There was no trading in 13 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 7.4 billion.

Scandinavian Tobacco Group was down 0.6 percent to close at 101 kroner. The stock has not closed at a lower price since Nov 2023. Since the sell signal from the rectangle formation three days ago, the stock now has lost 8.6 percent.
Novonesis AS closed up 1.0 percent to 418 kroner. The stock thereby broke the earlier top it set Mar 20 and reached a new year-high. Since the buy signal from the inverse head and shoulders formation three months ago, the stock now has gained 9.6 percent.
Carlsberg B gained 2.2 percent to 956 kroner. We must go back to Sep 2023 to find a higher close for the stock. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
It was high volume in Bavarian Nordic. At session end, 293 million kroner worth of shares had been bought and sold in the stock, which equals five times mean daily turnover. Bavarian Nordic moved horizontally and closed at 163 kroner (+0.2 percent). The stock has now closed up for the fourth day in a row. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Columbus gained 3.5 percent to 10.25 kroner. We must go back to Aug 2021 to find a higher close for the stock. The stock has thereby closed up 17 out of the past 21 days. Since the buy signal from the rectangle formation two months ago, the stock now has gained 39.6 percent.

US 500 weakly higher Friday
The market showed a small gain Friday, and S&P 500 ended the day at 5223 points, which is an increase of 0.2 percent. The week as a whole showed a gain of 1.9 percent. The index has thereby closed up six out of the past seven days.

Stockholmsbörsen rises for the fifth day in a row
The market moved up Friday, and OMX Stockholm PI ended at 989 points, which is an increase of 1.5 percent. The week as a whole showed a gain of 3.6 percent. The index has now closed up for the fifth day in a row.

Indices
OMX Copenhagen 25 GI
arrow yellow   Neutral
OMX Copenhagen 25 GI 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 testing resistance at points 2260. This could give a negative reaction, but an upward breakthrough of points 2260 means a positive signal. The index is overall assessed as technically neutral 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 is testing resistance at points 5250. This could give a negative reaction, but an upward breakthrough of points 5250 means a positive signal. The index is assessed as technically neutral for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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. 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 860 points. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Ørsted (ORSTED) Price 431.10, May 8, 2024
chart
Ørsted has broken up from an approximate horizontal trend channel in the medium long term after investors have paid ever more. A positive signal has been triggered and further increase for the stock is indicated. The stock has support at kroner 400 and resistance at kroner 670. Positive volume balance indicates that buyers are aggressive while sellers are passive, and strengthens the stock. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.71%910.59
CAC400.38%8219.14
COMPX-0.03%16341.00
DAX0.46%18773
HEX1.59%10270.00
N1000.74%1552.66
OMXC25GI0.40%2236.26
OMXSPI1.49%988.98
OSEBX1.46%1418.73
PSI201.15%6911.82
TECDAX0.58%3404.04
BUK100P0.79%843.98
EURUSD-0.00%1.0800
CL (OIL)-1.26%78.26
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXpospospos
DAXpospospos
HEXposnegneg
N100pospospos
OMXC25GIposneutralpos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegneutralpos
BUK100Ppospospos
EURUSDpospospos
CL (OIL)neutralnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Københavns Fondsbørs - Medium term
 
      
36% 49% 15%
 71 Buy Candidates
 98 Neutral
 31 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   70% Positive
   21 Positive
   9 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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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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