scorpiris

Yara technically negative in the medium term

scorpiris Updated   
OSL:YAR   YARA INTERNATIONAL ASA
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 has support at 396 and resistance at 500.
Price peaks mostly coincide with volume bottoms and price bottoms with volume peaks. Thus, the volume balance is negative.
RSI and OBV are low.
Price momentum indicators such as MACD and Stoch negatively.
The sum of the oscillator and MA on the Trading View stands one day and one month on sell and one week on strong sell.
Consider the stock technically negative in the medium term.

Fundamental analysts are split but average neutral to the stock.
There are recorded short positions at 0.55%.

Disclaimer: I have a position in the stock.

Keep in mind that you need to do your own research and assessment before buying and selling.

Sources: Trading View, Yahoo Finance and ssr.finanstilsynet.no/
Comment:

Cross between moving averages.
At 1, the SMA 50 crosses down through the SMA 100. It has some predictive value, but SMA 100 is only slightly declining at the time of crossing.
At 2, SMA 50 crosses down through SMA 200. It has no predictive value as the SMA 200 go slightly up than down.
At 3, SMA 100 crosses down through SMA 200. It hardly has predictive value as the price fell after payment of the dividend of 55 NOK.

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