[03 September 2024]
Today, Tuesday 03 September 2024, StockCharts365.com has taken a closer look at an exciting company on the Oslo Stock Exchange, LINK Mobility Group ASA (ticker on the Oslo Stock Exchange: LINK).
The overall technical picture now signals further growth for the LINK share, which may have significant potential over the next 3-9 months.
Read more about this below here under the technical analysis.
First a little about the company, LINK Mobility Group Holding ASA (ticker on Oslo Børs: LINK)
LINK Mobility Group Holding is active in the technology industry.
LINK Mobility is one of Europe's leading providers of mobile communications and Communications Platform as a Service (CPaaS) solutions, based on volume of messages, customer engagement serving corporate customers, SMEs and public customers.
The company specializes in the development of mobile communications. The software is proprietary and is mainly used for communication, sharing and integration of information flows.
The customers consist of business customers who operate in a number of different sectors. In addition to the main business, various value-added services are also offered. The largest business is in the Nordic market.
For more information about the company visit their website here:
Technical Analysis of LINK Mobility Group ASA (ticker on Oslo Børs: LINK)
Charts are from the technical analysis program Vikingen.
Technical Analysis of LINK Mobility Group ASA (ticker on Oslo Børs: LINK)
The LINK share shows a positive development within a long-term upward trend, which started at the beginning of 2023.
The stock is 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 is positive.
In recent days, a new buy signal has been triggered for the LINK share, and after breaking up from a rectangular consolidation formation.
StockCharts365.com's two own analysis models, 'The SignalList' and 'The TradingList' are also both in a buy signal for the LINK share.
The LINK share now meets little technical resistance until up towards the upper trend line in the long-term rising trend.
This indicates a potential for the share at around NOK 30.00 - 40.00 within a 3-9 month term.
The share is currently traded at around NOK 22.40, and may thus have significant potential over the next 3-9 months.
StockCharts365.com is not alone in having faith in the LINK share going forward, and recently Carnegie was out with an upgrade of the share from Hold to Buy, and with a new price target for the share at NOK 30.00:
LINK: CARNEGIE UPGRADES TO PURCHASE FROM HOLD, COURSE OBJECTIVE 30 (14)
29 Aug. 08:58 - Oslo (Infront TDN Direkt):
Carnegie upgrades Link Mobility to a buy recommendation, from hold, and raises the price target to NOK 30 per share, from NOK 14. The change comes after a change of analysts in the brokerage house.
This appears from an update from the brokerage house on Thursday.
Carnegie expects an average growth (CAGR) of organic gross profit of 10 percent in 2024-2026, which combined with cost discipline and operational leverage results in an average growth in adjusted ebitda of 13 percent in the same period.
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