Analysis: Axfood at the fulcrum…

The second quarter has undoubtedly been initiated in the clearly positive attitude of Axfood. The company’s share has now stepped up to a balance point, where even the MA 200 is being challenged seriously for the first time since the fall of 2016. The underlying positivity is now opening up a potential further rise to the next heavy resistance level…

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Axfood has after a period of consolidation, managed to break away, which means that in the second quarter has seen a rise of just over 6 percent.

The upturn means that we are now noted at the point of equilibrium around the 142.50 crowns, while we now challenge an important crossroads.

Just 200-day moving average is often seen as an important crossroads, and past the challenging of the fulcrum we now find ourselves at, this heavy average not been in the vicinity.

This, together with the underlying positivity increases the likelihood that we are now on the verge of breaking up.

Briefly, we have during the week traded a couple of crowns over both the point of equilibrium, and MA 200, which in itself contributes with a positive piece of the puzzle to the big picture in mind.

To share also in addition to this, managed to step over the 40-week moving average, which adds further positivity.

This now opens up for a potential trip up to 152 sek. At this price level, we see a high probability that we may get a visit by the vendors, whereupon it may be time to get off.

It would appear to be that we might now be experiencing a false buy signal, this could possibly mean that we may break below the point of equilibrium at 142.50 million, for the initially visit, sek 140, followed by 136 sek in the long term.

Axfood reported on 20 april that sales in comparable stores increased by 1.3 per cent in the first quarter of 2017, similar to the previous, fourth quarter of 2016.

The company reported on april 20, an operating profit of 397 million in the first quarter of 2017, in line with expectations, according to a prognossammanställning by SME direkt.

The sale, which amounted to 10.639 million in the quarter, was slightly better than expected 10.623 million.

”My assessment is that the calendar effect, with the leap year in the year and the easter holiday, was somewhere 1.5-2 percentage points negative. But I want to see April’s numbers before I can be more precise than that,” said Axfood’s ceo, Klas Balkow after the report in an interview with the News agency Directly.


Entrance buy
142.50 £

152.00 £
The OMXS Large Cap

Emergency exit
139.50 £

142.90 kr
Direct avk.


Köpläge already be seen at 142.50 crowns, in spite of the fulcrum as we are now pushing the fight with the MA 200 with underlying positivity. Målkursen lands on the sek 152, which historically displayed significant volume. The emergency exit is placed, preferably already at 139.50 crowns.

The shares are listed over the 50 and 100 day moving since the end of april, and now looks to be able to succeed in establishing itself above the MA 200.

The stock is traded on the stockholm stock exchange, under the symbol AXFO.

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