Analysis News

  • The best newsletter in the market
  • Customisable and personal
  • By e-mail every morning, for free

Receive Analysis News:

EMail:

Free daily newsletter every morning

Content
Signals
All indicators - Medium term
OMX Stockholm Health CMay 31, 2024
Hexagon BMay 31, 2024
Skanska BMay 31, 2024
OMX Stockholm Oil & GaMay 31, 2024
Lundberg BMay 31, 2024

It was high volume in OMX Stockholm PI. At session end, 60016766 million points worth of shares had been bought and sold in the index, which equals three times mean daily turnover. The market showed a small gain Friday, and OMX Stockholm PI ended the day at 991 points, which is an increase of 0.5 percent. The week as a whole showed a loss of 0.9 percent. Overall May showed a gain of 3.4 percent.

537 shares showed a gain and 389 showed a loss. 101 shares were unchanged and closed at the same price as the previous day. There was no trading in 52 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 111.2 billion.

The turnover in Trelleborg B was very high. Overall it was traded for 4862 millions kronor in the stock, which is 28 times as much as normal daily turnover. Trelleborg B closed at 409 kronor after a small loss of 0.3 percent. It does, however, look good technically. The stock is trend wise positive in the medium term, has support at 335 kronor and a further increase is indicated.
SAAB B ended with a solid gain of 5.6 percent and closed at 253 kronor. The previous time the stock gained this much was Oct 9. 2023, when it closed up 9.1 percent. The stock has thereby closed up 12 out of the past 14 days. The stock is with that up 68.5 percent after the buy signal from the rectangle formation six months ago. The volume was also high. At session end it was bought and sold shares for about 1638 million kronor in the stock, which equals three times mean daily turnover.
Lundberg B ended with a steep loss of 3.3 percent and closed at 533 kronor. We must go back to May 24. 2023 to find an equally steep drop. That time the stock lost 4.4 percent. The stock has now closed down for the seventh day in a row and this past week the stock has lost as much as 7.4 percent. The stock broke down through the support at 542 kronor in head and shoulders formation. This triggered a sell signal on increasing volume and a further drop to 485 kronor within six months is indicated. The volume was also very high. At session end it was bought and sold shares for about 914 million kronor in the stock, which equals 17 times mean daily turnover.
Hexagon B closed at 115 kronor after a small loss of 1.2 percent. The stock triggered a sell signal by the break down through the support at 115 kronor in head and shoulders formation. A further drop to 102 kronor within six months is indicated.
It was high volume in Investor B. At session end, 3234 million kronor worth of shares had been bought and sold in the stock, which equals five times mean daily turnover. Investor B showed a small gain and ended the day at 284 kronor, which is an increase of 0.9 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 217 kronor and a further increase is indicated.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5278 points, which is an increase of 0.8 percent. The week as a whole showed a loss of 0.5 percent. Overall May showed a gain of 4.8 percent.

Indices
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI shows strong development within a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. 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 862 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. This signals increasing optimism among investors and indicates continued rise. The index has marginally broken up through resistance at points 5250. An established break predicts a further rise. RSI above 70 shows that the index has strong positive momentum in the short term. Investors have steadily paid more to buy the index, which indicates increasing optimism and that the price will continue to rise. 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
Lindab International (LIAB) Price 239.80, May 31, 2024
chart
Lindab International is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. 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 207 kronor. The RSI curve shows a rising trend, which supports the positive trend. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.22%903.61
CAC400.18%7992.87
COMPX-0.01%16735.00
DAX0.01%18498
HEX0.22%10244.00
N1000.02%1530.61
OMXC25GI0.67%2295.50
OMXSPI0.50%990.84
OSEBX0.87%1440.53
PSI200.46%6870.81
TECDAX-0.44%3336.13
BUK100P0.50%825.83
EURUSD0.06%1.0800
CL (OIL)-1.18%76.99
Indices Evaluations
 SML
AEXpospospos
CAC40pospospos
COMPXpospospos
DAXneutralpospos
HEXposnegneg
N100pospospos
OMXC25GIneutralpospos
OMXSPIpospospos
OSEBXpospospos
PSI20neutralpospos
TECDAXnegpospos
BUK100Ppospospos
EURUSDneutralnegneutral
CL (OIL)negnegneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Stockholmsbörsen - Medium term
 
      
41% 43% 16%
 457 Buy Candidates
 479 Neutral
 185 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   78% Positive
   584 Positive
   165 Negative
Disclaimer Copyright © 2024 Investtech.com AS, Org nr 978 655 424 MVA


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.

Cancel Analysis News
[ Back to default newsletter setup ]

Edit AnalysisNews

Register as a recipient of AnalysisNews in order to customise the content.
 


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.

×

Please login here

 
Forgot your password?

Titlex

OK
+

Cookie consent

We use cookies to give you a better user experience. If you continue to use the website, you accept this. For further details click here.

Our use of cookies

When you use our website, we store a cookie on your device. The cookie is used to recognize your device so that your settings work when you use our websites. The information that is stored is completely anonymised. Cookies are automatically deleted after a certain time.

Necessary cookies

Investtech uses cookies to ensure basic functions such as page navigation and language selection. Without such cookies, the website does not function as it should. You cannot therefore make a reservation against these. If you still want to disable such cookies you can do so in your browser settings. In the Cookies section add this website to the list of sites which are not allowed to save cookies on your device.

Cookies from Google

We use services from Google Analytics and Google AdWords. These register cookies on your device when you visit our website. Google registers your IP address in order to keep statistics on user activity on the website. The IP address is anonymised, so that we have no opportunity to link the activities to a specific person. We use these statistics to be able to offer more interesting content on the website and to constantly improve ourselves. Google AdWords collects data so that our advertising on other websites gives better results. We cannot trace the data of individuals.

Allow cookies from Google