[12 September 2024]
Today, Thursday 12 September 2024, StockCharts365.com has taken a closer look at an exciting share on the Stockholm Stock Exchange:
Nobia AB (ticker: NOBI)
A strong technical buy signal has been triggered for the Nobia share, which may have the potential to almost double within a short time now.
Read more about this below here under the technical analysis here today of Nobia AB (NOBI).
First a little about the company Nobia AB (NOBI):
Nobia is a manufacturing company with a focus on household products. The company specializes in the production and development of kitchen solutions. The products are resold under several brands on the European market and mainly include Marbodal and Sigdal. The customers consist of both private customers and business customers. The company was previously part of Stora Enso and was established in 1996. The head office is in Stockholm. Read more about Nobia AB (NOBI) on the company's website here:
Technical Analysis of Nobia AB (NOBI)
Technical Analysis of Nobia AB (NOBI)
The Nobia share has shown a very weak development in recent years, but now a strong technical buy signal has been triggered for the hard-tested Nobia share.
The stock has triggered a strong technical buy signal from a large inverse head and shoulders formation, and the stock has also broken out of a large rectangle consolidation formation.
Recently, a 'classic' small correction has come down, and to test the support level after this strong technical buy signal which was triggered by a break above the SEK 5.50 level.
There is now significant technical support for the stock around the SEK 5.50 level, and there is also support for the stock around the 50-day moving average (around SEK 5.25).
The stock has broken above both the 50-day and 200-day moving averages, and the 50-day moving average is above the 200-day moving average.
This also confirms that both the short-term and long-term trend for the share has turned from negative to positive.
StockCharts365.com's two own analysis models ('The SignalList' and 'The TradingList') are also both in a buy signal for Nobia.
According to the overall positive technical picture that the share now shows, a potential is indicated for the share at around SEK 10.00 in the 3-6 month term, and further up to around SEK 15.00 in the 6-12 month term.
The Nobia share may therefore have considerable potential now both in the short and medium term, and the share may be at a favorable level to buy at when it now tests the support level around SEK 5.50.
As StockCharts365.com assesses the Nobia share, it appears as an exciting buy candidate at today's price level, and the potential for the share is thus assessed to be around SEK 10.00 - 15.00 in the 3-12 month term.
What could potentially change the currently positive technical picture for the share would be if there was a break below the 50-day and 200-day moving averages (ie below the approximately SEK 4.70 level).
NB! Remember to have read and understood the disclaimer.
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