Wärtsilä B (WRT1V.HEX)

Short term

Wärtsilä B shows weak development in a falling trend channel in the short term. This signals increasing pessimism among investors and indicates further decline for Wärtsilä B. The stock is testing support at euro 17.00. This could give a positive reaction, but a downward breakthrough of euro 17.00 means a negative signal. RSI diverges positively against the price, which indicates a possibility for a reaction up. The stock is overall assessed as technically neutral for the short term.

Recommendation one to six weeks: Hold (Score: -14)

Medium term

Wärtsilä B 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. A head and shoulders formation is under development. A decisive break of the support at 16.82, ideally with an increase in volume, signals a further fall. The stock is testing support at euro 17.00. This could give a positive reaction, but a downward breakthrough of euro 17.00 means a negative signal. 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 stock is overall assessed as technically slightly positive for the medium long term.

Recommendation one to six months: Weak Positive (Score: 49)

Long term

Wärtsilä B has broken the floor of the rising trend channel in the long term, which indicates a weaker initial rising rate. The stock has support at euro 12.60 and resistance at euro 20.50. The stock is assessed as technically neutral for the long term.

Recommendation one to six quarters: Hold (Score: -7)