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Content
Signals
All indicators - Medium term
Subsea 7 S.A.Jul 17, 2018
Norwegian Air ShuttleJul 17, 2018
Scatec Solar ASAJul 17, 2018
FuncomJul 17, 2018
Shelf Drilling Ltd.Jul 17, 2018

The market showed a small gain Tuesday, and Hovedindeksen (OSEBX) ended the day at 871 points, which is an increase of 0.40 percent.

76 shares were up and 107 were down, while 24 remained unchanged, and there was no trading in 32 shares.

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

Schibsted ser. A (SCHA) closed at 296 kroner after a solid gain of 12.59 percent. We must go back to Nov 3. 2017 to find an equally strong rise. That time the stock gained 20.46 percent. The volume was also high. At session end it was bought and sold shares for about 389 million kroner in the stock, which equals six times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Telenor ASA (TEL) lost 3.95 percent to 157 kroner. The stock thereby broke the earlier bottom it set Feb 9 and reached a new year-low. The stock has now closed down for the seventh day in a row. The stock is with that down 5.97 percent after the sell signal from a rectangle formation three days ago.
Subsea 7 S.A. (SUBC) developed negatively and fell 1.96 percent to a close of 120 kroner. We must go back to May 14 to find a lower close for the stock. The stock has now closed down for the fifth day in a row. The stock broke down through the support at 121 kroner in a double top formation. This triggered a sell signal on increasing volume and a further drop to 112 kroner within two months is indicated.
Schibsted ser. B (SCHB) developed positively, and gained 11.32 percent to a close of 271 kroner. The stock has not closed higher since Jan 2016. The volume was also high. At session end it was bought and sold shares for about 131 million kroner in the stock, which equals five times mean daily turnover. It also looks good technically. The stock is trend wise positive in the medium term and a further increase is indicated.
Protector Forsikring (PROTCT) was down 3.65 percent to close at 50.20 kroner. The stock has not closed lower since Feb 2015. The stock has by that dropped 40.81 percent since the sell signal from a head and shoulders formation four months ago.

Small gain on NASDAQ Tuesday
The market showed a small gain Tuesday, and Nasdaq Combined Composite Index (COMPX) ended the day at 7855 points, which is an increase of 0.63 percent.

Stockholmsbörsen flat on Tuesday
OMX Stockholm PI (OMXSPI) moved more or less horizontally on Tuesday and closed at 578 points (-0.01 percent).

Indices
Hovedindeksen
   Neutral
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, however, gave a negative signal from a rectangle formation at the break down through the support at 873. Further fall to 846 or lower is signaled. The index has support at points 840 and resistance at points 900. The RSI curve shows a falling trend, which is an early signal for a possible trend reversal downwards for the price as well. The index is overall assessed as technically neutral for the medium long term.
Nasdaq Combined Composite Index
   Positive Candidate
Nasdaq Combined Composite 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. The index has support at points 7600. RSI diverges negatively against the price, which indicates a danger for a reaction down. The index is overall assessed as technically positive for the medium long term.
OMX Stockholm PI
   Weak Positive Candidate
OMX Stockholm PI is within an approximate horizontal trend channel in the medium long term, which indicates further development in the same direction. The index has marginally broken up through the resistance at points 578. An established break predicts a further rise. The index is assessed as technically slightly positive for the medium long term.
Today's candidate
Funcom (FUNCOM) Price 18.98, Jul 17, 2018
Funcom has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The stock has broken a resistance level in the short term and given a positive signal for the short-term trading range. The stock has support at kroner 15.70 and resistance at kroner 24.60. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Model Portfolio, Oslo børs
Portfolio:5366.11
Ref.idx:353.37
 Last week20182017
Portfolio   -1.75%   6.79%   28.38%
Portfolio after commisio   -1.75%   5.88%   26.84%
Hovedindeksen   -3.08%   7.00%   19.09%
Latest days indices
AEX0.15%559.19
ATX0.00%3406.09
CAC400.24%5422.54
COMPX0.63%7855.12
DAX0.80%12662
DJX0.22%25120
HEX1.39%10195.00
N1000.18%1064.64
OMXC25GI0.99%1183.56
OMXSPI-0.01%578.15
OSEBX0.40%871.47
PSI200.31%5638.26
TECDAX0.34%2851.64
UKX0.34%7626.33
VIX SP500-6.00%12.06
EURUSD-0.34%116.6005
CL (OIL)-0.23%68.03
Indices Evaluations
 SML
AEXnegpospos
ATXneutralneutralneutral
CAC40posneutralpos
COMPXpospospos
DAXpospospos
DJXposnegneutral
HEXneutralpospos
N100posneutralpos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXneutralneutralpos
PSI20pospospos
TECDAXpospospos
UKXnegneutralneutral
VIX SP500negneutralpos
EURUSDneutralpospos
CL (OIL)negpospos

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Oslo Børs - Medium term
 
      
35% 41% 24%
 105 Buy Candidates
 122 Neutral
 71 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   95% Positive
   54 Positive
   3 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.

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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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