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Content
Signals
All indicators - Medium term
OMX Stockholm BenchmarMay 7, 2024
OMX Stockholm BenchmarMay 7, 2024
OMX Stockholm 60 PIMay 7, 2024
OMX Stockholm 60 Cap PMay 7, 2024
OMX NORDIC 40May 7, 2024

The market moved up Tuesday, and OMX Stockholm PI ended at 974 points, which is an increase of 1.2 percent. The index has not closed higher since Jan 2022. Since the buy signal from the rectangle formation six months ago, the index now has gained 17.7 percent.

554 shares showed a gain and 384 showed a loss. 81 shares were unchanged and closed at the same price as the previous day. There was no trading in 64 shares.

Total value of the trading volume for shares and primary capital certificates Tuesday was approximately 96.6 billion.

Ericsson B closed up 1.8 percent to 58.38 kronor. The stock has not closed higher since Jan 29. The stock broke up through the resistance at 57.98 kronor in double bottom formation. This triggered a buy signal and a further increase to 62.16 kronor within four months is indicated.
Sinch closed at 21.22 kronor after a steep drop of 15.2 percent. The previous time the stock lost this much was Jul 21. 2023, when it closed down 15.5 percent. The stock triggered a sell signal by the break down through the support at 24.71 kronor in rectangle formation. A further drop to 22.56 kronor within two months is indicated. The volume was also high. At session end it was bought and sold shares for about 659 million kronor in the stock, which equals five times mean daily turnover.
Nordea Bank closed up 1.4 percent to 131 kronor. The stock thereby broke the earlier top it set Jan 30 and reached a new year-high. Technically it also looks good. The stock is trend wise positive in the medium term, has marginally broken up through resistance at 131 kronor and a further increase is indicated.
Storskogen closed at 7.03 kronor after posting a gain of 13.8 percent. The previous time the stock gained this much was May 12. 2023, when it closed up 18.0 percent. It was also high volume. Overall it was traded for 154 millions kronor in the stock, which is four times as much as normal daily turnover. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.
BICO Group closed at 37.42 kronor after a steep drop of 17.4 percent. The stock has never lost more in one day since Jun 7. 2023, when it was down 19.6 percent. It was also very high volume. Overall it was traded for 76 millions kronor in the stock, which is 13 times as much as normal daily turnover. Nor does it look good technically. The stock is trend wise negative in the medium term, has marginally broken down through support at 39.00 kronor and a further decline is indicated.

US 500 rises on Monday
The market moved up Monday, and S&P 500 ended at 5181 points, which is an increase of 1.0 percent.

Indices
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm PI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. The price has risen strongly since the positive signal from the rectangle formation at the break through resistance at 828. The objective at 914 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 index has support at approximately 860 points. The index is overall assessed as technically positive for the medium long term.
S&P 500
arrow yellow   Neutral
S&P 500 has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 overall assessed as technically neutral for the medium long term.
Today's candidate
OMX Stockholm Benchmark Cap PI (OMXSBCAPPI) Price 947.22, May 7, 2024
chart
OMX Stockholm Benchmark Cap PI has broken through the floor of a rising trend channel in the medium long term. This indicates a slower rising rate at first, or the start of a more horizontal development. The index has broken a resistance level in the short term and given a positive signal for the short-term trading range. 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 845 points. The index is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX1.00%900.06
CAC400.99%8075.68
COMPX1.19%16349.00
DAX1.40%18430
HEX0.31%10111.00
N1000.83%1528.50
OMXC25GI1.43%2227.30
OMXSPI1.25%974.31
OSEBX0.29%1394.15
PSI200.06%6652.71
TECDAX2.05%3359.21
BUK100P1.26%830.26
EURUSD0.01%1.0800
CL (OIL)0.47%78.48
Indices Evaluations
 SML
AEXpospospos
CAC40negpospos
COMPXpospospos
DAXpospospos
HEXposnegneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXnegpospos
BUK100Ppospospos
EURUSDnegpospos
CL (OIL)neutralneutralneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Stockholmsbörsen - Medium term
 
      
33% 49% 18%
 373 Buy Candidates
 547 Neutral
 204 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   81% Positive
   383 Positive
   92 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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