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Content
Signals
All indicators - Medium term
Yara InternationalSep 19, 2024
StorebrandSep 19, 2024
Golden Ocean GroupSep 19, 2024
REC SiliconSep 19, 2024
Elmera GroupSep 19, 2024

The market showed a small gain Thursday, and Hovedindeksen ended the day at 1411 points, which is an increase of 0.8 percent.

180 shares showed a gain and 111 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 6.5 billion.

REC Silicon closed at 10.67 kroner after a gain of 29.7 percent, and broke the 10.00 -mark. Last time the stock was higher was Apr 30. This past week the stock has gained as much as 73.5 percent. The stock triggered a buy signal by the break up through the resistance at 9.02 kroner in double bottom formation. A further increase to 11.49 kroner within four months is indicated.
Yara International ended with a solid gain of 4.7 percent and closed at 326 kroner. The previous time the stock gained this much was Oct 20. 2022, when it closed up 6.6 percent. This past week the stock has gained as much as 9.4 percent. The stock broke up through the resistance at 315 kroner in inverse head and shoulders formation. This triggered a buy signal on increasing volume and a further increase to 355 kroner within six months is indicated.
Equinor lost 1.4 percent to 262 kroner. The stock has not closed at a lower price since Mar 13. The stock has now closed down for the fourth day in a row. It does not look good technically either. The stock is trend wise negative in the medium term and a further decline is indicated.
Höegh Autoliners closed at 142 kroner after a small gain of 1.5 percent. The stock has now risen for the seventh day in a row and this past month the stock has gained as much as 25.4 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 120 kroner and a further increase is indicated.
ABG Sundal Collier Holding was up 3.5 percent to close at 6.56 kroner. The stock has not closed higher since Aug 1. The stock triggered a buy signal by the break up through the resistance at 6.50 kroner in double bottom formation. A further increase to 6.80 kroner within two months is indicated.

Highest close since Jul 31.
The market moved up Thursday, and OMX Stockholm PI ended at 1003 points, which is an increase of 1.8 percent. The index has not closed higher since Jul 31.

US 500 turned downwards
The market showed a small loss Wednesday, and S&P 500 ended the day at 5618 points, which is a decline of 0.3 percent. The index thereby reversed down after seven days of gains.

Indices
Hovedindeksen
arrow green   Weak Positive Candidate
Hovedindeksen is in a rising trend channel in the medium long term. This shows that investors over time have bought the index at higher prices and indicates good development for the market. The index has support at points 1310 and resistance at points 1460. The index is assessed as technically slightly positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI shows strong development within 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 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 1010. This could give a negative reaction, but an upward breakthrough of points 1010 means a positive signal. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow green   Weak Positive Candidate
Investors have paid higher prices over time to buy S&P 500 and the index is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The index is testing resistance at points 5660. This could give a negative reaction, but an upward breakthrough of points 5660 means a positive signal. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically slightly positive for the medium long term.
Today's candidate
Yara International (YAR) Price 325.90, Sep 19, 2024
chart
Yara International 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 price has broken the resistance at 315 of an an inverse head and shoulders formation. Decisive breaks of such formations are considered strong signals of further rise. The stock has broken up through resistance at kroner 322. This predicts a further rise. 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 stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX1.77%908.42
CAC402.29%7615.41
COMPX-0.31%17573.00
DAX1.55%19002
HEX1.19%10065.00
N1001.88%1492.06
OMXC25GI0.36%2348.06
OMXSPI1.83%1003.38
OSEBX0.76%1411.02
PSI20-0.93%6754.67
TECDAX0.98%3339.79
BUK100P0.94%833.99
EURUSD0.28%1.1200
CL (OIL)-0.39%70.91
Indices Evaluations
 SML
AEXpospospos
CAC40negnegpos
COMPXnegpospos
DAXpospospos
HEXposneutralneg
N100negneutralneutral
OMXC25GIpospospos
OMXSPIposposneutral
OSEBXnegpospos
PSI20pospospos
TECDAXneutralpospos
BUK100Pneutralpospos
EURUSDneutralposneg
CL (OIL)negnegneg

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
40% 31% 29%
 145 Buy Candidates
 111 Neutral
 103 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   76% Positive
   74 Positive
   23 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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