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Content
Signals
All indicators - Medium term
Yara InternationalMay 16, 2024
VowMay 16, 2024
NavamedicMay 16, 2024
Icelandic SalmonMay 16, 2024
Lokotech GroupMay 16, 2024

The market showed a small gain Thursday, and Hovedindeksen ended the day at 1416 points, which is an increase of 0.5 percent. The index has thereby closed up 12 out of the past 15 days.

150 shares showed a gain and 143 showed a loss. 22 shares were unchanged and closed at the same price as the previous day. There was no trading in 16 shares.

Total value of the trading volume for shares and primary capital certificates Thursday was approximately 7.1 billion.

Nordic Aqua Partners soared and ended at 150 kroner, which is a rise of 11.9 percent. The stock has never gained more in one day since we started measuring this Dec 3. 2020. It was also extremely high volume. Overall it was traded for 60 millions kroner in the stock, which is 70 times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 80.00 kroner and a further increase is indicated.
Subsea 7 developed positively, and gained 1.8 percent to a close of 189 kroner. The stock thereby broke the previous record from Sep 1997 and set a new all time high. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 150 kroner and a further increase is indicated.
IDEX Biometrics closed down 9.2 percent to 1.59 kroner. The stock has not closed at a lower price since Mar 15. The stock has thereby closed down 23 out of the past 30 days and this past month the stock has lost as much as 30.6 percent. It was also very high volume. Overall it was traded for 55 millions kroner in the stock, which is 25 times as much as normal 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.
Kongsberg Gruppen was up 1.8 percent to close at 864 kroner. The stock has thereby closed up 14 out of the past 17 days. The stock has by that gained 79.0 percent since the buy signal from the rectangle formation five months ago.
Grieg Seafood closed up 4.1 percent to 76.80 kroner. The stock has not closed at a higher price since Oct 2023. The stock has thereby closed up 11 out of the past 15 days. The stock has by that gained 5.2 percent since the buy signal from the rectangle formation one week ago. It was also high volume. Overall it was traded for 105 millions kroner in the stock, which is four times as much as normal daily turnover.

Stockholmsbörsen weakly lower Friday
The market showed a small loss Friday, and OMX Stockholm PI ended the day at 991 points, which is a decline of 0.2 percent. For the week as a whole the index showed only a slight change of +0.2 percent.

US 500 weakly higher Friday
The market showed a small gain Friday, and S&P 500 ended the day at 5303 points, which is an increase of 0.1 percent. The week as a whole showed a gain of 1.5 percent. The index has thereby closed up nine out of the past 12 days.

Indices
Hovedindeksen
arrow green   Positive Candidate
Hovedindeksen has broken up through the ceiling of the rising trend channel in the medium long term, which signals an even stronger rising rate. The positive development, however, may give rise to short term corrections down from today's level. 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 1310 points. The index is assessed as technically positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
Investors have paid higher prices over time to buy OMX Stockholm PI and the index is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. 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.
S&P 500
arrow green   Positive Candidate
S&P 500 is in a rising trend channel in the medium long term. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5260. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Today's candidate
Aker BioMarine (AKBM) Price 71.30, May 16, 2024
chart
Aker BioMarine 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. 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 42.60 kroner. The stock is assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX-0.03%913.25
CAC40-0.26%8167.50
COMPX-0.07%16686.00
DAX-0.18%18704
HEX-0.06%10385.00
N100-0.11%1552.86
OMXC25GI-0.57%2297.32
OMXSPI-0.23%990.72
OSEBX0.52%1416.42
PSI20-0.48%6887.38
TECDAX-0.37%3431.21
BUK100P-0.15%840.22
EURUSD-0.05%1.0900
CL (OIL)1.05%80.06
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDposneutralneg
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
49% 30% 21%
 177 Buy Candidates
 107 Neutral
 77 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   79% Positive
   54 Positive
   14 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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