“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 break line. The volume balance is negative both 1 and 3 months back. RSI 14 follows REC.
The sum of Oscillators and Moving Averages stands one day on sell and one week to one month on strong sell.
Consider the stock technically negative in the medium term.
Note here it is a technical analysis, but fundamental analysts have a more positive view of the stock.
Remember you need do your own research and assessment before buying and selling.
Disclaimer I have no position in the stock.
Sources: Trading View
The sum of Oscillators and Moving Averages stands one day on sell and one week to one month on strong sell.
Consider the stock technically negative in the medium term.
Note here it is a technical analysis, but fundamental analysts have a more positive view of the stock.
Remember you need do your own research and assessment before buying and selling.
Disclaimer I have no position in the stock.
Sources: Trading View