scorpiris

scorpiris Updated 

As of early October 2022, the index was in an upward trend peaking with a head and shoulder formation HS. Turnover volume supports the formation well. There is a marginal break down about 3% and an objective to around 4080. The index continue in a shorter downward trend and has come down to SMA 200. RSI and OBV follow the short trend down. The MA and oscillator...

scorpiris Updated 

The S&P 500 is in a rising trend channel and has done so after bottoming out in early October 2022. SMA 50, 100 and 200 indicate an ascending trend. The VIX lies inversely and indicates a falling trend in terms of VIX. Pivot lines are after a chart that extends over a longer period of time than the shown chart. There is a poor correlation between the top and...

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My post is preferably a technical analysis. Ratos is an investment company whose business concept is to acquire and develop mainly unlisted companies in the Nordic region. Ratos has been in a downtrend since late 2021, and since February 2023, the price has fluctuated within the main trend between support at 28.70 and resistance at 35.94. There was a double...

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NEO (Canada) is engaged in the extraction and production of rare earth metals, etc. Other similar companies are e.g. Lynas (Australia) and MP Materials (USA). My post is preferably a technical analysis. Neo has been in a declining trend and is still so as the SMA 50 is below the SMA 100 which is below the SMA 200 but they converge. And there is formed a triple...

scorpiris Updated 

The long trend towards Yara based on the SMA200 is almost horizontal. We then have a shorter trend, which is marked, which is rising and is based on SMA100. But note: the price is applicable under all moving averages from 50 to 200. There is a break down from the trend marked and a head shoulder formation (HS). First has a object of 380 and last 383. The price...

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The long trend has been declining since the end of 2021, but there is a short trend in 2023 where the trend is horizontal, price graph and MA converge. From January 9 to March 9, we have a head-shoulder formation (HS). The formation is supported to some extent by volume movements. There is a break down, but the object has not been taken out. At the beginning of...

scorpiris Updated 

My post is primarily a technical analysis. It is important you understand a technical analysis is a forecast and has a probability, and not a statement that it will be absolutely certain. Fundamental analysts (25) have on Trading View a price target of 1020. There is a wide spread, but most are positive about the stock. Novo is still in an ascending trend as...

scorpiris Updated 

TSM is breaking up through the attic in a declining trend with increased volume. The stock has been in a declining trend since ATH in January 2022. There is support around 74 and resistance around 95. Pivot lines are determined from a 5 year chart. OBV has been falling, but got a boost here in January. The RSI has risen in an S form from a low level in October....

scorpiris Updated 

With the support of the long moving average SMA 200, the stock is in a declining trend, but with the support of the shorter average SMA 50 and SMA 100, the stock has moved from a falling trend to a more horizontal trend. Trend lines almost clash with a resistance at 38.5 and support at about 30. Price peaks mostly coincide with volume bottom and this weakens the...

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The stock is in a declining trend channel. It appears scroll. of the long moving averages and charts. Looking back, there will be a support around 480 (5 year chart). RSI 21 and OBV have gone up and then flattened out somewhat when you look at the last 40 days. The last week some hammer candlestick pointing down. MA and oscillators stand one month on neutral....

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Many will probably change their positions in Norwegian fish farming companies to Bakkafrost after a bill on resource taxation. Most people were not aware that the political risk in the salmon industry was so great in Norway. Trend lines and pivot lines are determined by a longer time horizon than current charts in a year. Bakkafrost is located in a falling...

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“Var Energi” went stock exchange listed in February. The stock is not in any long trend, no what best describes the price is a REC that the price fluctuates in. There is a double top that is to some extent supported by volume. Its width is 6 months. Immediately there is a break of 4%, but since the end of September the price has been hovering above and below the...

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Amazon is in a declining trend in the time the chart shows. The stock had support around 100 and the second support is around 85. There is a breaks down by 5% compared to support around 100 and one REC, with increased volume. The object goes to about 80. Volume balances are negative 3 months back and On Balance Volume is falling. RSI(7) is 16, RSI(14) 26 and...

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Late December 2021, the trend is turning and the stock is now in a declining trend. There are supports around 225 and resistance around 274. But remember the trend normally counts more than support. From 22 trading days back, the volume balance is negative, but the On Balance Volume OBV is rising. The RSI(21) is 43 and rising. It is in divergence to price. It...

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When it comes to inflation in the US, some will say that it has become entrenched, others that it has come to a halt. The FED has over stimulated the economy and is late in the process of raising interest rates. It may be some time before you see the effect of an interest rate hike e.g. the bankers are supposed to warn interest rate hike etc., but now the FED is...

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YARA is in a horizontal trend channel if you look a year + back. It is supported by the long averages. On the latter, the short averages are declining. The price has been between 393 and 500. In Friday's we had a marginal break down of 2.15% with slightly increased volume. Today, the stock is testing the floor of the trend. The stock is oversold in the short...

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S&P 500 continued from Aug. 20. MA and oscillators stand on buy from one day to one month. RSI 21 around 50 and rising. On volume balance neutral OVB. There are some supports around 3908 and some resistance around 4310. The index has broken up from a falling trend, but gone back and tested the trend line and then gone up in the last 3 days. Within a...

scorpiris Updated 

It's a continuation of what I wrote on August 1, see below. Index is now in a REC – an expanding triangle. The index has support around 4180 and resistance around 4310. Breaking up or down with respect to REC or pivot lines will provide direction at least in the short term.