Sandvik (SAND.ST)

Close: 201.10 (-1.30), Nov 20, 2024
Weak Negative

Low risk

Automatic technical analysis. Medium term, Nov 20, 2024

Sandvik shows weak development in a falling trend channel in the medium long term. This signals increasing pessimism among investors and indicates further decline for Sandvik. The stock gave a negative signal from the double top formation by the break down through the support at 217. Further fall to 196 or lower is signaled. The stock is approaching support at 198 kronor, which may give a positive reaction. However, a break downwards through 198 kronor will be a negative signal. The stock is overall assessed as technically slightly negative for the medium long term.

Recommendation one to six months: Weak Negative (Score: -41)

Period  
 Vol.bal. Volatility Liquidity +/- %
1 day-1.06%232.17-0.64%
5 days-6.233.46%342.17-0.54%
22 days-11.978.58%420.11-5.63%
66 days-4.7715.00%381.34-5.23%

More analyses of Sandvik

chart Sandvik (SAND) Candlesticks 22 Days
Candlesticks
chart Sandvik (SAND) Short term
Short term: Hold
chart Sandvik (SAND) Medium term
Medium term: Weak Negative
chart Sandvik (SAND) Long term
Long term: Positive
 


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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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