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Content
Signals
All indicators - Medium term
Crayon Group HoldingDec 23, 2024
Aker Carbon CaptureDec 23, 2024
NELDec 23, 2024
Norske SkogDec 23, 2024
Nordic MiningDec 23, 2024

The market showed a small gain Monday, and Hovedindeksen ended the day at 1408 points, which is an increase of 0.5 percent. The index thereby reversed up after six days of losses.

181 shares showed a gain and 99 showed a loss. 25 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 Monday was approximately 3.6 billion.

Zenith Energy gained 27.4 percent to 0.47 kroner. The stock thereby broke the earlier top it set Jan 11 and reached a new year-high. The stock has now closed up for the fifth day in a row and this past month the stock has gained as much as 161.9 percent. It was also very high volume. Overall it was traded for 12 millions kroner in the stock, which is 11 times as much as normal daily turnover. It also looks good technically. The stock is assessed as technically positive for the medium long term.
Yara International showed a flat development and ended the day at 299 kroner (-0.2 percent). The stock has now fallen for the eighth 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.
Kongsberg Automotive moved up and ended at 2.08 kroner, which is an increase of 13.0 percent. The stock thereby broke the earlier top it set Jan 2 and reached a new year-high. The stock has thereby closed up seven out of the past eight days and this past month the stock has gained as much as 44.7 percent. The volume was also high. At session end it was bought and sold shares for about 34 million kroner in the stock, which equals three times mean daily turnover. Technically it also looks good. The stock is trend wise negative in the medium term, but has support at 1.82 kroner.
PetroNor E&P gained 8.0 percent to 12.18 kroner. The stock thereby broke the earlier top it set May 10 and reached a new year-high. The stock has now risen for the fifth day in a row and this past week the stock has gained as much as 17.8 percent. It was also high volume. Overall it was traded for 11 millions kroner in the stock, which is five times as much as normal daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 10.84 kroner and a further increase is indicated.
Nordic Mining rose sharply to close at 26.75 kroner, up 7.0 percent. The stock has never gained more in one day since Jan 10, when it was up 8.8 percent. It was also high volume. Overall it was traded for 32 millions kroner in the stock, which is four times as much as normal daily turnover. Technically it also looks good. The stock is trend wise positive in the medium term and a further increase is indicated.

Stockholmsbörsen weakly lower Monday
The market showed a small loss Monday, and OMX Stockholm PI ended the day at 949 points, which is a decline of 0.2 percent. The index has thereby closed down nine out of the past 11 days.

US 500 rises on Tuesday
The market moved up Tuesday, and S&P 500 ended at 6040 points, which is an increase of 1.1 percent.

Indices
Hovedindeksen
arrow yellow   Neutral
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 is moving within a rectangle formation between support at 1405 and resistance at 1476. A decisive break through one of these levels indicates the new direction for the index. The index gave a negative signal from the rectangle formation by the break down through the support at 1416. Further fall to 1322 or lower is signaled. The index has support at points 1380 and resistance at points 1460. RSI below 30 shows that the momentum of the index is strongly negative in the short term. Investor have steadily reduced the price to sell the index, which indicates increasing pessimism and continued falling prices. However, particularly in big stocks, low RSI may be a sign that the stock is oversold and that there is a chance for a reaction upwards. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The index is overall assessed as technically neutral for the medium long term.
OMX Stockholm PI
arrow yellow   Neutral
OMX Stockholm PI is within an approximate horizontal trend channel in the medium long term. This indicates that investors are uncertain and waiting for signals of further direction. A break upwards will be a positive signal, while a break downwards will be a negative signal. A head and shoulders formation is under development. A decisive break of the support at 935, ideally with an increase in volume, signals a further fall. The index is between support at points 927 and resistance at points 970. A definitive break through of one of these levels predicts the new direction. The index is overall assessed as technically neutral for the medium long term.
S&P 500
arrow green   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. Rising trends indicate that the market 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 index has support at approximately 5670 points. The index is assessed as technically positive for the medium long term.
Today's candidate
Nordic Mining (NOM) Price 26.75, Dec 23, 2024
chart
Nordic Mining 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 stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock is approacing resistance at 28.30 kroner, which may give a negative reaction. However, a break upwards through 28.30 kroner will be a positive signal. Positive volume balance shows that volume is higher on days with rising prices than days with falling prices. This indicates increasing optimism among investors. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX0.46%876.26
CAC400.14%7282.69
COMPX1.35%20031.00
DAX-0.18%19849
HEX0.01%9326.85
N1000.21%1438.85
OMXC25GI1.64%2061.77
OMXSPI-0.16%948.84
OSEBX0.53%1408.00
PSI200.32%6325.74
TECDAX0.41%3427.73
BUK100P0.47%816.33
EURUSD-0.21%1.0400
CL (OIL)1.24%70.10
Indices Evaluations
 SML
AEXnegnegpos
CAC40negnegneutral
COMPXpospospos
DAXpospospos
HEXnegnegneg
N100negnegpos
OMXC25GInegnegneutral
OMXSPInegneutralpos
OSEBXnegneutralneutral
PSI20negnegneutral
TECDAXposnegpos
BUK100Pneutralpospos
EURUSDnegnegneg
CL (OIL)posneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
33% 30% 37%
 115 Buy Candidates
 107 Neutral
 131 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   81% Positive
   108 Positive
   25 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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