Tryg (TRYG.CO)

Close: 159.50 (+0.60), Nov 21, 2024
Positive

Low risk

chart Tryg (TRYG) Candlesticks 22 Days
Candlesticks
chart Tryg (TRYG) Short term
Short term: Positive
chart Tryg (TRYG) Medium term
Medium term: Hold
chart Tryg (TRYG) Long term
Long term: Positive
chart Tryg (TRYG)
RSI - Relative Strength Index
chart Insider Trades
Insider Trades

Short term

Tryg is in a rising trend channel in the short term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The price has reacted back after a break of the double top formation. There is resistance around 160, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The stock has broken up through resistance at kroner 158. This predicts a further rise. In case of negative reactions, there will now be support at kroner 158. Negative volume balance shows that volume is higher on days with falling prices than days with rising prices. This indicates decreasing optimism among investors. The RSI curve shows a falling trend, which is an early signal of a possible trend reversal downwards for the price as well. The stock is overall assessed as technically positive for the short term.

Recommendation one to six weeks: Positive (Score: 80)

Medium term

Investors have paid higher prices over time to buy Tryg and the stock is in a rising trend channel in the medium long term. This signals increasing optimism among investors and indicates continued rise. The price has reacted back after a break of the double top formation. There is resistance around 160, which now opens good sales opportunities. A decisive break of this resistance will neutralize the negative signal. The stock has support at kroner 152 and resistance at kroner 164. Negative volume balance weakens the stock in the short term. The stock is overall assessed as technically neutral for the medium long term.

Recommendation one to six months: Hold (Score: 4)

Long term

Tryg is in a rising trend channel in the long term. This shows that investors over time have bought the stock at higher prices and indicates good development for the company. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 143. The objective at 154 is now met, but the formation still gives a signal in the same direction. The stock has marginally broken up through resistance at kroner 158. An established break predicts a further rise. Volume has previously been low at price tops and high at price bottoms. Volume balance is also negative, which weakens the rising trend and could be an early signal of a coming trend break. The stock is overall assessed as technically positive for the long term.

Recommendation one to six quarters: Positive (Score: 66)


Overall analysis

Tryg is technically positive for the short and long term, and neutral for the medium term. The stock is neutral on Insider Trades.

Recommendation one to six months: Positive (Score: 70)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-0.76%61.86+0.38%
5 days20.102.54%62.90+1.66%
22 days-45.316.78%70.04-0.25%
66 days4.7813.47%74.46+6.84%
 


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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