On Tuesday got the buyers back into the picture, which was storbolagsindexet OMXS30 index to rise +0.83% to 1653 points. This means that we also got a closing above the resistance level 1650 points. We at the same time had a slightly higher turnover on the stockholm stock exchange, which amounted to 18 billion. Leading futures point this morning that we will have a introduction during Tuesday’s utbrottsnivå, and the question is when we continue to be short term overbought if we have now reached a turning point when we reached our inledningsvisa goal…
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Today’s analysis
Very true, it was short break we experienced on Monday, to finally stepping over our inledningsvisa objectives 1650 points.
Especially the broad gains in the workshop acted as a driving force on Tuesday, and the big question now becomes when we continue to be clearly short-term overbought, if there is more to give.
The month of April closed at plus as a whole, despite the fact that we had a brief divergence with a lower bottom compared with the month of march, which also means that we have experienced in 10 months with the closure of plus.
Leading futures pointing to early this morning we will begin today’s trade in the OMXS30 just below the 1650 points. Also, the american semester, the S&P 500 is trading at slightly less this morning, which often confirms the sentiment early after the night’s trading in Asia.
U.s. stock markets closed weak on the plus on the Tuesday night, which means that the Dow Jones among others, stepped over 21 000. At the same time, we note this morning, positive progressions in Asia, but as it looks right now, it seems that this does not spread over to Europe.
Skräckindexet the VIX which is stepped down to the lowest level since december 1993, on Monday, is an index we highlighted recurring last few weeks, when we stated that we are seeing the movement increasingly south as a question mark on what’s to come.
For the moment it looks like that strength will be maintained, and that we on Tuesday closed above the 1650 points, bode also plenty in the future. We have sought a range in 1630-1670 points, which is what we are experiencing right now.
So long as we do not now would close below 1630, we aim at 1670 points shortly. Just as we stated in our weekly OMXS30 analysis on Mondays, so in the long term, the opportunity for a brief visit at an all-time high.
Even if börsomsättningen been strong in recent weeks, we have the last few days not had turnover of over 20 billion when we stepped over the resistance levels. However, we see the growing strength of the last three weeks of köpvolym, which increases the likelihood that we will initially step up to 1670 points.
It is, however, not to ignore the fact that we are short term overbought, and we believe that approaching a day with a little more decline to profit-taking within a short. With little support from the buyers, perhaps it won’t until we reached the 1670 points.
As we have now stepped over 1650 points, we have next resistance at 1670, 1682, followed by the all time high at 1720 points.
Thus we have the underlying support levels, especially during the 1640, 1630, followed by the sentimental heltalsnivån at 1600 points.
What hålltider and the company reports the next weeks you can read here.
Yesterday’s main börshändelser.
Swedish Match on the road against the sek 300?!?
Swedish Match rising more than +1.5% on Tuesday, after the bank raises its recommendation on the company from reduce to increase, while the price target of 310 kronor left.
The company had already pushed to rise on Monday, when the company reported an operating profit of 1.232 million in the first quarter of 2017, over waited 1.215 million, according to SME direkt.
We are now at a balance point of around 293 crowns, six months back proved to be hard to beat.
An establishment of this price level you’re looking for, and then see the opportunity for the establishment of MA 200, before we can turn the attention to the 300 sek seriously. Otherwise the risk is that we get a rebound to 280…
Discover the sales force. Search köpstyrka…
Eniro on the case after Tuesday’s report. Monday’s rise thus the principle washed away…
Monday’s rise in the search – and annonsbolaget Eniro washed almost away on Tuesday, with an initially decline of over 24 percent.
The company reported on Tuesday an ebitda of sek 55 million in the first quarter.
The result amounted to a negative 81 million before tax, and the sales amounted to 430 million sek, fell by 15 per cent in the quarter.
Fuel to Monday’s rise, which took the share price back to the resistance level just above 0.34 sek, stood three major shareholder for the.
It appeared on Tuesday in a press release that three of the major shareholder of the company, Sebastian Jahreskog, Per Helander and Ilija Batljan, in favour of the recapitalisation plan for oa, as the company’s board of directors proposed.
According to the press release, the three storägarna to vote for the board of directors all of the proposals at the meeting on 7 June.
The sharp decline on Tuesday, means that we maintain a note around the bottom in our handelsintervall, which has been ongoing since september of 2016. This means that we now are seeking köpstyrka at the support, around 0.22 million, for the to not detect the renewed sales force…
Monaco in the German e-commercial company!
Positive attitude is a signal that we may now be about to challenge heavy resistance level…
Rocket Internet is one of the world’s largest e-retail-oriented incubators and venture capital firm, which was founded back in 2007 has undeniably taken back the land last two months.
The stock has risen by just over 20 per cent, and has thus taken back a large portion of land lost since the Kinnevik announced the divested holdings on 23 February.
Technically traded shares are now just below the resistance level 18.50 euro, which notes the significant volume last year. Shortly thereafter noted also the fork in the road 200-day moving average at 18.58 euros, and the question is whether the approaching outbreak or rebound in the future…
Hålltider during the day
Company reports
- Oriflame (at 7.15), Bravida (7.30), Mekonomen (7.30), Scandic Hotels (7.30), Academedia (8.00), Karo Pharma (8.00), Lagercrantz (8.00-8.30), Softronic (8.00), the Wise Group, (8.30), Troax (12.30 pm), Peab (13.00), Xano (13.00), Lundin Gold (after Torontobörsens closure)
Ex-dividend
- Aker BP (0:185 usd quarterly), Fenix Outdoor (8:00 kr B-share, 0:80 sek A-share), Industrivärden (5:25 kr.), Inwido (3:50 kr.), Itab (1:75 kr), Lindab (1:40 sek), MTG (12:00 kr), Proact (3:50 kr.), SBC (1:10 kr.), Tele2 (5:23 kr), the Wise Group (3:00 kr)
Macro statistics
- China: CPI, PPI april at 3.30
- AF: the unemployment rate of april at 8.00
- Norway: CPI april at 8.00
- France: industrial production in march at 8.45
- Denmark: CPI april at 9.00 am
- SCB: hushållskonsumtion march at 9.30 am
- Statistics SWEDEN: production in the business sector march at 9.30 am
- USA: import prices of april at 14.30
- USA: oil stocks (DOE), weekly statistics at 16.30
- China: new lending, M2 april
Other
- BOJ: summary of opinions at the monetary policy meeting 26-27 april at 1.50
- RB: Kerstin af Jochnick speaks on the current economic situation and monetary policy challenges, at the DI:s bankkonferens at 9.30 am
- RB: the minutes from the monetary policy meeting 26/4 at 9.30 am
- ECB: Mario Draghi, speaking before the Dutch parliament at 13: 00
- New Zealand: RBNZ leaves interest rate announcement 23.00
All börshändelser and estimates for the week can be found here!
Latest börsnyheterna
The stockholm stock exchange turned once again upward on Tuesday, with resource companies as a driving force. Swedish Match belonged to vinnartoppen thanks to the height recommendation after Monday’s report. The major european exchanges also rose.
Storbolagsindexet OMXS30 index ended up 0.8 percent to 1.653. Shares for sek 18 billion were traded on the stockholm stock exchange.
”The stock market had in advance anticipated that Macron would win the French presidential election and the stock market has priced in a strong surge in bolagsvinsterna. That analysts underestimated the industrial demand provides support to the higher values, but what worries many investors is the deceptively low volatility”, commented Erik Hansén, market analyst at IG, the News agency Directly.
Swedish Match rose 3.5 per cent to just over 298 sek. Handelsbanken has raised its recommendation for the makers to increase from decrease, and riktkursen from 290 to 310 dollars.
Several major banks went well, with Swedbank in the top, which was up 2 percent.
SSAB (A) climbed almost 3%, while commodity companies were the best sector in Europe.
Ica rose slightly after a report that ended up in line with the SME expectations.
The operator Allteles net income shrank from 6.3 to 4.8 million, despite the height of the turnover. The shares declined 10 percent.
Rapportbesvikelser was also taktäckningsbolaget Nordic Waterproofing and pharmaceutical company Moberg Pharma. The shares fell 1.7 and 1.4 per cent.
Eniro lost 23 percent after its report. However, the share rose by 40 percent over Monday. Sökbolagets net loss worsened and sales fell.
Better it went for nischbanken Resource. The result was slightly better than the SME expectations, and the ceo sees a growth in the låneboken on a broad front. The stock rose more than 2 percent.
Rejlers share advanced over 6 per cent. This turned loss to profit after sales rose.
Outside rapportflödet step MTG almost 3 percent, after having extended their 25-year-old broadcast rights to the football tournament Champions League from 2018 to 2021.
Fastpartner climbed 9 percent. Neither the analyst or the ceo saw no fundamental reasons for the increase, according to what they reported to Directly.
Kambi rose over 3 per cent after a major shareholder Anders Ström increased their holdings.
Furthermore, in the rapportskörden was Itab up nearly 4 percent despite a profit that missed out the expectations. Lindab rose above 7 percent after a result that was clearly better than expected. Fenix Outdoors was up nearly 3 per cent while the B&B Tools fell 6 per cent after major non-recurring items gave a loss in the quarter.
Nordic Mines, which was handelsstoppad earlier in the week, ending 10 per cent after receiving a bid to the settlement proposed by Firesteel Resources. The bid, however, was described as incomplete, have been pulled back but a new bid is apparently on the way from the storägaren Lau Su.
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Recent trends (~there is a 06:40)
The OMXS30
EURO STOXX 50
Frankfurt DAX
The London FTSE 100
THE S&P 500
The DJIA
The Nasdaq Comp.
The NIKKEI 225
HANG SENG
EUR/USD
EUR/SEK
USD/SEK
WTI Semester
Brent Semester
1653.11
3649.08
12749.12
7342.21
2396.92
20975.78
6120.59
19876.07
25088.27
1.09
9.68
8.88
46.15
48.98
0.83%
0.19%
0.43%
0.57%
-0.10%
-0.17%
0.29%
0.17%
0.80%
0.19%
0.12%
-0.05%
0.59%
0.51%
Stock and Technical Analysis each day at 10.00 am
By: Michael Andersson for Tradingportalen/Agency Directly.
Questions and comments always welcome in the newsroom[at]tradingportalen.com