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Content
Signals
All indicators - Medium term
Wallenius WilhelmsenMay 8, 2024
Grieg SeafoodMay 8, 2024
Seadrill Ltd.May 8, 2024
VeidekkeMay 8, 2024
KidMay 8, 2024

The market showed a small gain Wednesday, and Hovedindeksen ended the day at 1398 points, which is an increase of 0.3 percent. The index has now closed up for the fourth day in a row.

169 shares showed a gain and 115 showed a loss. 31 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 Wednesday was approximately 7.3 billion.

Hexagon Composites ended with a solid gain of 12.4 percent and closed at 21.35 kroner. The previous time the stock gained this much was Mar 9. 2022, when it closed up 14.3 percent. The stock has now risen for the fourth day in a row and this past week the stock has gained as much as 27.2 percent. It was also high volume. Overall it was traded for 49 millions kroner in the stock, which is five times as much as normal daily turnover. The stock is trend wise negative in the medium term.
MPC Container Ships was up 3.9 percent to close at 18.60 kroner. The stock has not closed higher since Oct 2018. The stock has thereby closed up ten out of the past 13 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 14.60 kroner and a further increase is indicated.
DNO gained 6.4 percent to 11.17 kroner. We must go back to Mar 2023 to find a higher close for the stock. The volume was also high. At session end it was bought and sold shares for about 108 million kroner in the stock, which equals four times mean daily turnover. Technically it also looks good. The stock is trend wise negative in the medium term, but has broken up through resistance at 11.00 kroner.
BW LPG was up 2.3 percent to close at 172 kroner. The stock has now risen for the eighth day in a row. The stock has by that gained 32.2 percent since the buy signal from the inverse head and shoulders formation one month ago.
Crayon Group Holding gained 2.9 percent to 103 kroner. This past week the stock has gained as much as 24.7 percent. It also looks good technically. The stock is assessed as technically positive for the medium long term.

Stockholmsbörsen rises for the fourth day in a row
OMX Stockholm PI moved more or less horizontally on Wednesday and closed at 974 points (+0.0 percent). The index has now closed up for the fourth day in a row.

US 500 rises for the fourth day in a row
The market showed a small gain Tuesday, and S&P 500 ended the day at 5188 points, which is an increase of 0.1 percent. The index has now closed up for the fourth day in a row and this past week the index has gained as much as 3.0 percent.

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 1312 points. The volume balance is positive and strengthens the index in the short term. RSI diverges negatively against the price, which indicates danger of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 yellow   Neutral
S&P 500 has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 5250. This could give a negative reaction, but an upward breakthrough of points 5250 means a positive signal. The index is overall assessed as technically neutral for the medium long term.
Today's candidate
Veidekke (VEI) Price 111.80, May 8, 2024
chart
Veidekke has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 108 kroner. Positive volume balance, with high volume on days of rising prices and low volume on days of falling prices, strengthens the stock in the short term. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX-0.05%899.60
CAC400.69%8131.41
COMPX-0.10%16333.00
DAX1.40%18430
HEX-0.01%10109.00
N1000.39%1534.39
OMXC25GI0.40%2236.26
OMXSPI0.01%974.44
OSEBX0.30%1398.27
PSI200.95%6716.10
TECDAX2.05%3359.21
BUK100P1.26%830.26
EURUSD-0.22%1.0700
CL (OIL)-0.13%78.38
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXpospospos
DAXpospospos
HEXposnegneg
N100pospospos
OMXC25GIposneutralpos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegpospos
BUK100Ppospospos
EURUSDpospospos
CL (OIL)neutralneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
52% 25% 23%
 188 Buy Candidates
 90 Neutral
 83 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   69% Positive
   34 Positive
   15 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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