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Content
Signals
All indicators - Medium term
Kesko BMay 8, 2024
Enento GroupMay 8, 2024
eQMay 8, 2024
Loihde PlcMay 8, 2024
SSH Communications SecMay 8, 2024

OMX Helsinki moved more or less horizontally on Wednesday and closed at 10109 points (-0.0 percent).

82 shares showed a gain and 76 showed a loss. 20 shares were unchanged and closed at the same price as the previous day. There was no trading in 2 shares.

Total value of the trading volume for shares and primary capital certificates Wednesday was approximately 0.4 billion.

Mandatum Oyj closed at 4.36 euro after posting a loss of 5.4 percent. The stock has never lost more in one day since Feb 13, when it was down 6.9 percent. The volume was also high. At session end it was bought and sold shares for about 35 million euro in the stock, which equals four times mean daily turnover. Technically, however, it looks good. The stock is trend wise positive in the medium term and a further increase is indicated.
Oma Säästöpankki developed negatively and fell 0.7 percent to a close of 15.94 euro. We must go back to Mar 2022 to find a lower close for the stock. The stock has thereby closed down eight out of the past ten days. Nor does it look good technically. The stock is trend wise positive in the medium term, but has resistance at 17.50 euro.
Kojamo closed at 10.30 euro after a steep drop of 6.2 percent. The stock has never lost more in one day since Sep 18. 2023, when it was down 6.4 percent. The stock is trend wise negative in the medium term.
Sampo A closed at 38.55 euro after a solid gain of 2.4 percent. The stock has never gained more in one day since Feb 8, when it was up 2.5 percent. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Wärtsilä B increased slightly 0.9 percent and ended the day at 18.11 euro. The stock has thereby closed up 20 out of the past 26 days. It also looks good technically. The stock is trend wise positive in the medium term, has support at 14.20 euro and a further increase is indicated.

Highest close since Apr 1.
The market moved up Thursday, and S&P 500 ended at 5214 points, which is an increase of 0.5 percent. The index has not closed higher since Apr 1. This past week the index has gained as much as 3.0 percent.

Indices
OMX Helsinki
arrow red   Weak Negative Candidate
OMX Helsinki has broken through the ceiling of a falling trend channel in the medium long term. This indicates a slower falling rate initially, or the start of a more horizontal development. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 9837. The objective at 10031 is now met, but the formation still gives a signal in the same direction. The index has support at points 9850 and resistance at points 10300. Negative volume balance indicates that volume is high on days with falling prices and low on days with rising prices, which weakens the index. The RSI curve shows a rising trend, which could be an early signal of the start of a rising trend for the price as well. The index is overall assessed as technically slightly negative 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 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 assessed as technically neutral for the medium long term.
Today´s Case
Nordea Bank (NDAFI) Price 11.17, May 8, 2024
chart
Nordea Bank is in a rising trend channel in the medium 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 9.57. The objective at 10.97 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 stock has support at approximately 10.76 euro. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX0.51%904.21
CAC400.69%8187.65
COMPX0.27%16346.00
DAX1.02%18687
HEX-0.01%10109.00
N1000.45%1541.29
OMXC25GI0.40%2236.26
OMXSPI0.01%974.44
OSEBX0.30%1398.27
PSI201.59%6833.23
TECDAX1.01%3384.30
BUK100P0.42%837.33
EURUSD0.23%1.0800
CL (OIL)0.34%79.26
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXpospospos
DAXpospospos
HEXposnegneg
N100pospospos
OMXC25GIposneutralpos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXneutralpospos
BUK100Ppospospos
EURUSDpospospos
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Helsingin pörssi - Medium term
 
      
24% 55% 21%
 45 Buy Candidates
 101 Neutral
 38 Sell Candidates
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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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