Analysis: Castellum establishes itself above technical resistance…

The real estate company Castellum has started the current quarter in a real positive attitude, and has this week established themselves over a heavy resistance level. This, together with the fact that we recently stepped over the fork in the road 200-day moving average, the spreads of the underlying fuel to the potential further rise.

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The real estate company Castellum, whose focus is on commercial real estate has opened the second quarter in a clearly positive attitude.

Just on a month we have now experienced a rise of just over 7 percent, which now means that we in the week had an outbreak and stepped over the heavy resistance level at 126 crowns.

We also recently stepped over the branch MA 200, adds a further positive piece of the puzzle, at the same time as medeltalstrion consisting of 50, 100 day moving average indicates positivity.

Technically, this opens up for a potential rebound to 131 kronor, because we do not hold any significant volume in between.

Despite the fact that Balder on Wednesday slopes, we see it rather as that it can be profit taking, then we have four trading days in the baggage, with the closure of clearly plus.

We also note in connection with this the rise a growing köpstyrka, which can both be good in the future.

If it would appear that it is possibly a false buy signal that may have triggats, increases the likelihood that we may get a return visit and the challenging of now the support 126 sek, followed by the particular MA 200 which on Wednesday was noted at 123 crowns.

On Wednesday commented on the financial supervisory authority, the director-general Erik Thedéen at the seminar DI Bank, it is an extreme environment on the commercial real estate market.

Thedéen said that it is also a ”highly cyclical market of great importance for the banks, with the view of kreditförlustrisken. There is high pressure now. Interest rates are historically low and growth is high.”

When it comes to the proposed tax, which has been in the news for a while and created uncertainty in the sector, said the company’s ceo Henrik Saxborn at the interim report in late april that ”the proposed tax determines how transaktionsintensiv the entire industry gets”, while he said that ”uncertainty has been created unnecessarily in a market that has worked well. At the moment, it may be unnecessarily complex to reach agreement, even if the simple acquisition”.

At the interim report at the end of april, reported the company an operating income of 592 million in the first quarter of 2017, slightly below the expected 594 million. Rental income was also slightly less than expected and amounted to sek 1,304 million.


Entrance buy
126.50 £

131.00 kr
The OMXS Large Cap

Emergency exit
125.00 £

126.90 £
Direct avk.


Attractive input mode is at 126.50 crowns, just over the previous resistance level. Målkursen lands on 131 crowns, just below the all time high at 134 kronor. The emergency exit is placed, preferably already at 125 crowns.

Castellum noted since the beginning of the current week well above the 200 day moving average for the first time since the end of February this year.

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

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