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Content
Signals
All indicators - Medium term
Tokmanni GroupMay 17, 2024
F-Secure CorpMay 17, 2024
Spinnova OyjMay 17, 2024
Kreate GroupMay 17, 2024
Kesko BMay 16, 2024

OMX Helsinki moved more or less horizontally on Friday and closed at 10385 points (-0.1 percent). The week as a whole showed a gain of 1.1 percent.

77 shares showed a gain and 82 showed a loss. 18 shares were unchanged and closed at the same price as the previous day. There was no trading in 3 shares.

Total value of the trading volume for shares and primary capital certificates Friday was approximately 0.5 billion.

Valmet was down 1.8 percent to close at 25.38 euro. The stock thereby reversed down after nine days of gains. The stock is trend wise positive in the medium term.
Stora Enso R moved up and ended at 13.76 euro, which is an increase of 0.8 percent. The stock has not closed at a higher price since Dec 2022. It also looks good technically. The stock has support at 13.44 euro.
TietoEVRY increased slightly 0.3 percent and ended the day at 19.59 euro. The stock has thereby closed up ten out of the past 11 days. It does, however, not look good technically. The stock is trend wise negative in the medium term and a further decline is indicated.
Neste OYJ showed a negative development and ended the day at 18.92 euro, which is a decline of 1.7 percent. The stock has thereby closed down 19 out of the past 25 days and this past month the stock has lost as much as 28.9 percent. Nor does it look good technically. The stock is trend wise negative in the medium term, has resistance at 23.50 euro and a further decline is indicated.
Citycon closed at 4.24 euro after posting a gain of 3.5 percent. We must go back to Nov 14. 2023 to find an equally strong rise. That time the stock gained 4.8 percent. The stock has now closed up for the sixth day in a row. Technically, however, it does not look good. The stock is trend wise negative in the medium term and a further decline is indicated.

US 500 weakly higher Friday
The market showed a small gain Friday, and S&P 500 ended the day at 5303 points, which is an increase of 0.1 percent. The week as a whole showed a gain of 1.5 percent. The index has thereby closed up nine out of the past 12 days.

Indices
OMX Helsinki
arrow yellow   Neutral
OMX Helsinki has broken the ceiling of the falling trend in the medium long term, which indicates a slower initial falling rate. The index has broken up through resistance at points 10300. This predicts a further rise. 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 short term momentum of the index is strongly positive, with RSI above 70. This indicates increasing optimism among investors and further price increase for OMX Helsinki. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. 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 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. Rising trends indicate that the market experiences positive development and that buy interest among investors is increasing. The index has marginally broken up through resistance at points 5260. An established break predicts a further rise. RSI is above 70 after a good price increase the past weeks. The index has strong positive momentum and further increase is indicated. However, particularly for big stocks, high RSI may be a sign that the stock is overbought and that there is a chance of a reaction downwards. The index is overall assessed as technically positive for the medium long term.
Today´s Case
Stora Enso R (STERV) Price 13.76, May 17, 2024
chart
Stora Enso R 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 stock has given a positive signal from the rectangle formation by a break up through the resistance at 12.95. Further rise to 15.48 or more is signaled. 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 13.44 euro. RSI above 70 shows that the stock has strong positive momentum in the short term. Investors have steadily paid more to buy the stock, which indicates increasing optimism and that the price will continue to rise. The RSI curve shows a rising trend, which is an early signal of a possible trend reversal upwards for the price as well. The stock is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.03%913.25
CAC40-0.26%8167.50
COMPX-0.07%16686.00
DAX-0.18%18704
HEX-0.06%10385.00
N100-0.11%1552.86
OMXC25GI-0.57%2297.32
OMXSPI-0.23%990.72
OSEBX0.52%1416.42
PSI20-0.48%6887.38
TECDAX-0.37%3431.21
BUK100P-0.15%840.22
EURUSD-0.05%1.0900
CL (OIL)1.05%80.06
Indices Evaluations
 SML
AEXpospospos
CAC40posneutralpos
COMPXpospospos
DAXpospospos
HEXposneutralneg
N100pospospos
OMXC25GIpospospos
OMXSPIpospospos
OSEBXpospospos
PSI20pospospos
TECDAXposneutralpos
BUK100Ppospospos
EURUSDposneutralneg
CL (OIL)negposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Helsingin pörssi - Medium term
 
      
30% 55% 15%
 55 Buy Candidates
 101 Neutral
 28 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.

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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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