Figure 1: Short term. Average price development for stocks in rising and falling trends in Investtech’s short term technical charts.
Figure 2: Long term. Average price development for stocks in rising and falling trends in Investtech’s long term technical charts.
Relative return, stocks in rising trends | Norway | Sweden | Denmark | Finland | Weighted average |
Short term | 2.4 ppt | 1.7 ppt | 1.9 ppt | 0.9 ppt | 1.9 ppt |
Medium long term | 2.3 ppt | 1.5 ppt | 2.3 ppt | 0.2 ppt | 1.8 ppt |
Long term | 1.3 ppt | 0.4 ppt | 1.7 ppt | -0.6 ppt | 0.8 ppt |
Relative return, stocks in falling trends | Norway | Sweden | Denmark | Finland | Weighted average |
Short term | -2.7 ppt | -1.7 ppt | -3.1 ppt | -1.8 ppt | -2.2 ppt |
Medium long term | -3.2 ppt | -2.0 ppt | -4.9 ppt | -2.0 ppt | -2.8 ppt |
Long term | -1.5 ppt | -0.5 ppt | -3.0 ppt | +0.4 ppt | -1.2 ppt |
ppt: percentage points
The charts and table above show that stocks in rising trends have continued upwards, more so than the market, for short, medium long and long term trends. The rise is most significant for the short term and medium long term tends, but also the long term charts show significant positive covariation between rising trend and excess return in three months.
Falling trends give a good indicator of negative excess return in the short, medium long and long term. The connection is clearer for short and medium term, also significant in the long term.
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Investeringsaanbevelingen worden gedaan door Investtech.com AS ("Investtech"). Investtech garandeert geen volledigheid of juistheid van de analyses. Eventuele fouten in de aanbevelingen, koop- en verkoopsignalen en mogelijke negatieve gevolgen hiervan zijn geheel het risico van de belegger. Investtech neemt geen enkele verantwoordelijkheid voor verlies, direct of indirect, als gevolg van het gebruik van Investtechs analyses. Meer informatie omtrent Investtechs analyses kunt u vinden op disclaimer.