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Content
Signals
All indicators - Medium term
BakkafrostNov 22, 2024
DOF Group ASANov 22, 2024
Lerøy Seafood GroupNov 22, 2024
ElkemNov 22, 2024
Odfjell DrillingNov 22, 2024

The market showed a small gain Friday, and Hovedindeksen ended the day at 1469 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.6 percent. The index has now closed up for the fourth day in a row.

159 shares showed a gain and 124 showed a loss. 18 shares were unchanged and closed at the same price as the previous day. There was no trading in 24 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 5.4 billion.

Solstad Offshore closed at 40.00 kroner after a solid gain of 21.2 percent. The previous time the stock gained this much was May 13. 2022, when it closed up 28.7 percent. It also looks good technically. The stock is trend wise negative in the medium term, but has broken up through resistance at 37.50 kroner.
Thor Medical ASA rose sharply to close at 4.20 kroner, up 42.9 percent. We must go back to Dec 22. 2023 to find an equally strong rise. That time the stock gained 50.0 percent. The stock has now risen for the ninth day in a row and this past week the stock has gained as much as 146.5 percent. The volume was also high. At session end it was bought and sold shares for about 122 million kroner in the stock, which equals 10 times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term, has support at 1.66 kroner and a further increase is indicated.
Shelf Drilling ended with a steep loss of 20.1 percent and closed at 10.20 kroner. We must go back to Apr 2 to find an equally steep drop. That time the stock lost 24.6 percent. It was also very high volume. Overall it was traded for 134 millions kroner in the stock, which is 22 times as much as normal daily turnover. It does not look good technically either. The stock is trend wise negative in the medium term, has resistance at 18.00 kroner and a further decline is indicated.
Mowi gained 0.9 percent to 203 kroner. The stock thereby broke the earlier top it set Mar 5 and reached a new year-high. The stock has now closed up for the sixth day in a row. It also looks good technically. The stock is trend wise positive in the medium term, has support at 195 kroner and a further increase is indicated.
SalMar closed at 589 kroner after a solid gain of 3.2 percent. The stock has never gained more in one day since Feb 16, when it was up 3.7 percent. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

Stockholmsbörsen rises on Friday
The market moved up Friday, and OMX Stockholm PI ended at 957 points, which is an increase of 1.0 percent. For the week as a whole the index showed only a slight change of -0.1 percent.

US 500 rises for the fifth day in a row
The market showed a small gain Friday, and S&P 500 ended the day at 5969 points, which is an increase of 0.3 percent. The week as a whole showed a gain of 1.7 percent. The index has now closed up for the fifth day in a row.

Indices
Hovedindeksen
arrow green   Positive Candidate
Investors have paid higher prices over time to buy Hovedindeksen 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. It also gave positive signal from the rectangle formation at the break up through the resistance at 1464. Further rise to 1523 or more is signaled. The index has broken up through resistance at points 1460. This predicts a further rise. The index is overall assessed as technically positive 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. 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. RSI diverges positively against the price, which indicates a possibility for a reaction up. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The index is overall assessed as technically neutral for the medium long term.
S&P 500
arrow green   Positive Candidate
S&P 500 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. 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
Aker BioMarine (AKBM) Price 57.10, Nov 22, 2024
chart
Aker BioMarine is in a rising trend channel in the medium long term. Rising trends indicate that the company experiences positive development and that buy interest among investors is increasing. The price has also broken a resistance level and given a positive signal for the long-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 47.00 kroner. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive


 
Latest days indices
AEX1.58%879.80
CAC400.58%7255.01
COMPX0.16%19004.00
DAX0.92%19323
HEX0.56%9559.33
N1000.62%1443.61
OMXC25GI1.68%2144.92
OMXSPI1.02%956.89
OSEBX0.26%1468.66
PSI200.76%6409.00
TECDAX1.23%3370.04
BUK100P1.41%831.38
EURUSD-0.67%1.0400
CL (OIL)1.63%71.24
Indices Evaluations
 SML
AEXnegpospos
CAC40negnegneutral
COMPXpospospos
DAXneutralpospos
HEXnegnegneg
N100neutralnegpos
OMXC25GInegneutralneg
OMXSPInegneutralpos
OSEBXpospospos
PSI20negnegneutral
TECDAXpospospos
BUK100Pnegpospos
EURUSDnegnegneg
CL (OIL)negneutralpos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
38% 26% 36%
 136 Buy Candidates
 91 Neutral
 128 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   88% Positive
   106 Positive
   14 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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