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Content
Signals
All indicators - Medium term
OMX Stockholm IndustriApr 29, 2024
OMX Stockholm Mid Cap Apr 29, 2024
OMX Stockholm Mid Cap Apr 29, 2024
OMX Stockholm PersonalApr 29, 2024
OMX Stockholm Retail PApr 29, 2024

The market showed a small gain Monday, and OMX Stockholm PI ended the day at 959 points, which is an increase of 0.8 percent.

547 shares showed a gain and 396 showed a loss. 89 shares were unchanged and closed at the same price as the previous day. There was no trading in 49 shares.

Total value of the trading volume for shares and primary capital certificates Monday was approximately 49.7 billion.

Svenska Handelsbanken ser. A closed down 0.9 percent to 95.54 kronor. The stock thereby broke the earlier bottom it set Jan 16 and reached a new year-low. The stock has now closed down for the fourth day in a row and this past month the stock has lost as much as 15.1 percent.
SKF B gained 1.7 percent to 229 kronor. The stock thereby broke the previous record from Apr 2021 and set a new all time high. The stock broke up through the resistance at 228 kronor in rectangle formation. This triggered a buy signal and a further increase to 239 kronor within two months is indicated.
Electrolux B gained 3.2 percent to 98.54 kronor. The stock has not closed higher since Jan 29. The stock broke up through the resistance at 96.52 kronor in inverse head and shoulders formation. This triggered a buy signal and a further increase to 111 kronor within four months is indicated.
Alfa Laval increased slightly 0.6 percent and ended the day at 476 kronor. The stock has now risen for the sixth day in a row and this past month the stock has gained as much as 13.5 percent. Technically it also looks good. The stock is trend wise positive in the medium term, has support at 387 kronor and a further increase is indicated.
Q-Linea closed at 2.91 kronor after posting a loss of 11.7 percent. We must go back to Sep 29. 2023 to find an equally steep drop. That time the stock lost 13.9 percent. The volume was also high. At session end it was bought and sold shares for about 9 million kronor in the stock, which equals eight times mean 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 3.00 kronor and a further decline is indicated.

US 500 rises on Friday
The market moved up Friday, and S&P 500 ended at 5100 points, which is an increase of 1.0 percent. The week as a whole showed a gain of 2.7 percent.

Indices
OMX Stockholm PI
arrow green   Positive Candidate
OMX Stockholm 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 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 green   Weak Positive Candidate
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 has support at points 4600 and resistance at points 5250. The RSI curve shows a falling trend, which could be an early signal of the start of a falling trend for the price as well. The index is overall assessed as technically slightly positive for the medium long term.
Today's candidate
OMX Stockholm Industrials PI (SX50PI) Price 3860.57, Apr 29, 2024
chart
OMX Stockholm Industrials PI has broken the floor of the rising trend channel in the medium long term, which indicates a weaker initial rising rate. 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 3400 points. The index is overall assessed as technically positive for the medium long term.
Recommendation: Positive
Latest days indices
AEX-0.04%882.27
CAC40-0.29%8065.15
COMPX2.02%15928.00
DAX1.36%18161
HEX0.58%9892.24
N100-0.05%1518.58
OMXC25GI0.20%2206.12
OMXSPI0.77%959.18
OSEBX0.15%1367.92
PSI201.07%6612.51
TECDAX1.71%3322.49
BUK100P0.87%813.49
EURUSD0.30%1.0700
CL (OIL)0.34%83.85
Indices Evaluations
 SML
AEXpospospos
CAC40negneutralpos
COMPXnegposneutral
DAXpospospos
HEXnegposneg
N100neutralpospos
OMXC25GInegpospos
OMXSPIneutralpospos
OSEBXpospospos
PSI20pospospos
TECDAXnegnegpos
BUK100Ppospospos
EURUSDnegpospos
CL (OIL)posposneutral

S: Short term.    M: Medium term.    L: Long term.
Stock Exchange barometer
Stockholmsbörsen - Medium term
 
      
30% 49% 21%
 338 Buy Candidates
 548 Neutral
 240 Sell Candidates
Track what the insiders are doing! Insider buys in green, insider sales in red.
 
   Last month:
   82% Positive
   338 Positive
   73 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.


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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