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Royal Unibrew A/SRoyal Unibrew A/SRoyal Unibrew A/S

Royal Unibrew A/S

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0R1 trade ideas

Royal Unibrew in a downtrendConsider selling me down a bit to reduce risk or to set a stop loss. The stock is in a downtrend from my April 23. Support around 440 and 400. Price momentum indicators predominantly on sell. Short pos. 1.49% current, but were until 7.11.23 over 3% for a period (1). That might then indicate that the shorter don't think we're going much further down. The falling price is related to disappointing results. Refers to Jyske Bank (2) in Danish. Fundamentally, there is an overemphasis on purchases. Refers to Trading View and Yahoo Finance. Remember you must do your own research and assessment before buying and selling. (1) www.finanstilsynet.dk (2) www.jyskebank.dk
OMXCOP:RBREW
by scorpiris
Royal Unibrew 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. The price has been in a flat development for a little month and a clear movement up or down from here will give direction at least in the short term. Consider the stock technically weak negative in the medium term. This is a technical analysis, but fundamental analysts are preferably positive about the stock. Remember you need do your own research and assessment before buying and selling. Disclaimer: I hold a position in the stock. Sources: Trading View
OMXCOP:RBREW
by scorpiris