With both China, the united kingdom and the united states kept printing, it was according to the expected weak trading activity that began the week. Storbolagsindexet OMXS30 index, however, fell on Monday, -0.24% to 1632 points, and maintained at the same time, a daily handelsintervall in the short-term the range 1630-1640 points. The turnover on the stockholm stock exchange amounted to 10 billion kronor. China continues to keep closed on Tuesday, but at home we are expected to in the Sweden open in slightly negative territory…
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Today’s analysis
OMXS30 index continued to lose ground on Monday, a day with low turnover on the stockholm stock exchange on the grounds that both China, the united kingdom and the united states held closed.
China continues to keep closed on Tuesday, which means a smaller impact also during Tuesday’s trading.
Leading futures exhibit weakly negative strains, after overnight trading in Asia, which also indicates that we may have a slight negative movement initially on Tuesday in Sweden.
We are challenged never to the resistance level of 1640 on Monday, but was already initially a negative movement. Instead we got a challenging of 1630 points, however, this occurred during the relationship with low trading activity.
In addition, we are approaching short term oversold at the same time, we note that the sales force was weaker than both Friday and Thursday trading.
This opens up that we may come to have a turning point at the support level of 1630 points, and may look for us back north for a challenging of the resistance level, and kanaltaket in the short term, the range of 1640 points.
A slight improvement is perceived in the u.s. the S&P 500 a semester, which, despite a weak note on the minus, exhibit weak positive noises at the time of writing.
We are experiencing just now from a short term perspective a very clear handelsintervall, and concentrated effort in the 1630-1640 as previously touched on in the morgonrapporten.
When we fail to find momentum enough to further decline, then we have received occasional attempts to outbreak on the downside, in addition to the decline during the 18 may, had this plenty of that it can be forces that are going on behind the scenes.
The previous week we had, unlike the previous week the strength of the back from the buyer, even if it was a very weak rise.
Would we manage to get an outbreak to the north of the kanaltaket at 1640, opens this up for an increasing positive momentum. This could also be a sign of strength from the buyers, to challenge not only 1650, but also 1670 points shortly.
An outbreak of 1670 would also be a long-awaited sign of strength, to even see the opportunity to rise against the 1700, as well as the previous all-time high.
However, an outbreak and establishment in 1630 to be seen as a negative sign, we would also then look for us under 1600 points, even if it is intraday, we would interpret this as a major warning sign to a potential further decline that could change our positive sentiment.
Technical resistance levels await thus for today’s trading already at 1640 and 1650, but also 1670 points. Support levels await at the same time at the 1630, but most of all 1600 points.
What hålltider and the company reports the next weeks you can read here.
Yesterday’s main börshändelser.
LeoVegas puts yet another new all-time high when the SHB take-up coverage.
The company may recommendation is buy with a target price of 75 sek.
LeoVegas rose above the 7 percent initially, on Monday, after Handelsbanken Capital Markets takes up coverage of the company.
The share may köpstämpel, with a guide price of sek 75.
The inledningsvisa the rise on the Monday, means that LeoVegas puts yet another new all-time high, and, therefore, the technical key levels, all the more behind them, 50.75, 42.50, 38.75), which all noted the significant volume last year.
Not only Handelsbanken is positive to LeoVegas, SEB and Carnegie has previously raised the riktkurser during the month of may.
SEB repeated its previous recommendation buy, and raised the riktkursen to sek 52. Carnegie raised to buy from in the past the keep, with a target price of 48 dollars.
”Leo Vegas is trading on attractive multiples, including higher gaming taxes in 2019 and we think that the relationship between risk and return is appealing,” commented Carnegie in his analysis, after the interim report in the beginning of may.
Danish smyckestillverkaren Pandora continues to the south for the fourth day in a row…
It is now trading at the lowest price level since the end of march 2015.
The Danish smyckestillverkaren Pandora continues to the south for the fourth day in a row, with an initially decline of around -2.5%.
The share that is now lost over -33% since the end of the year, traded to the lowest price level since the end of march 2015.
”Smyckesmarknaden have a tough period in the united states, and this increases the uncertainty in the Pandora investeringscase – which is already plagued by a variety of uncertainties,” commented Mads Zink, mäklarchef at Danske Bank, to Bloomberg News.
Pandora falls for the fourth day in a row on Monday, after u.s. branschkollegan and partner Signet reported worse-than-expected sales on Thursday.
Copenhagen were closed both Thursday and Friday of the previous week, hence the Monday’s case.
Hålltider during the day
Company reports
- Sectra (8.00), Anoto (at 8.45), Ryanair
Ex-dividend
- Addlife (1:50 kr.), Catella (0:80 sek)
Macro statistics
- Japan: unemployment rate april at 1.30
- Japan: household consumption in april at 1.30
- Japan: retail sales april at 1.50
- Germany: import prices of april at 8.00
- France: GDP (prelim) 1 kv at 8.45
- France: consumer confidence may at 8.45
- Spain: CPI, may (prelim) 9.00
- SCB: GDP 1 kv at 9.30 am
- SCB: statistics march at 9.30 am
- Statistics SWEDEN: retail sales april at 9.30 am
- Statistics SWEDEN: labour cost index march at 9.30 am
- STATISTICS, salaries in the private and public sector march at 9.30 am
- EMU: economic barometer and företagsklimatindex may at 11.00
- Germany: CPI, may (tbc) 14.00
- United states: private income and private consumption, the april at 14.30
- US: the S&P/Case-Schiller husprisdata march at 15.00
- USA: consumer confidence may at 16.00
- Belgium: CPI may
Other
- China: printing
All börshändelser and estimates for the week can be found here!
Latest börsnyheterna
The stockholm stock exchange was trading slightly lower on Monday and the major european exchanges, made no more noise with small movements around the same. Milan stock exchange fell, however, due to concerns around the parliamentary elections already in autumn. Trading activity was low against the background of månsdagsstängda stock exchanges in London and New York.
Storbolagsindexet OMXS30 index ended down 0.2 per cent to the level of 1.632. Turnover barely reached 10 billion on the stockholm stock exchange. Nordea, Swedbank and H&M was the most actively traded shares.
Kinnevik took the lead in the OMXS30 after repeated strong advice from Swedbank, the rise was nearly 1 percent. Fingerprint took jumboplatsen with a drop of 2 per cent.
On the list for mid-sized companies rose Wilson Therapeutics and Lagercrantz 8.5 and just over 5 per cent after buying advice at Börsveckan, respectively, daily Dagens Industri.
Reporting Instalco was rewarded with a rise of more than 2 percent to 67:50 sek, after organic growth of 9% in the first quarter. Installationsbolaget debuted on the midcaplistan on 11 may after an issue price of sek 55.
Kredithanteringsbolaget Hoist fell 2.5 per cent to just under 86:50 sek. Pareto has lowered the recommendation on the shares to keep from buying since the share reached up to riktkursen of 90 sek.
Leo Vegas rose 7 percent to 57:50 sek for a buying advice from Handelsbanken, which has taken up mobilspelbolaget to the guard with riktkursen 75 sek. The gaming company’s rapid app and aggressive marketing was hailed by the bank.
Cassandra Oil, also it is listed on First North, declined almost 10 percent after a major fire at the weekend.
Aktietorgsdebutanten Ayima, is active in the search and digital marketing strategies, was trading up 1.4 percent from the subscription price of sek 21 sek to 21:30 crowns after at the very least, swinging the trade.
On the same list rushed App Spotr, operates with a platform to build apps, 45 percent, after having announced an agreement in Asia with Dave Wu and the Novel the Unicorn, the same company that collaborates with MyFC on a large China-agreement on their part.
Skistar lifted 2.6 per cent. The new airport in Sälen, where skidturismbolaget is a partner in the consortium behind the project, got 250 million in state support after a positive decision from the EUROPEAN commission.
Elekta dropped 4.8 percent. On Thursday, reports the strålterapibolaget its financial statements. The focus is on the company’s flaggskeppsprodukt, the MR-controlled strålbehandlingssystemet Unity.
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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
1631.91
3578.95
12628.95
7547.63
2415.82
21080.28
6210.19
19660.77
25701.63
1.11
9.72
8.73
49.89
52.54
-0.24%
0.00%
0.21%
0.40%
0.03%
-0.01%
0.00%
-0.11%
0.24%
-0.26%
0.00%
0.25%
-0.22%
-0.19%
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
