[31 July 2024]
Today, Wednesday 31 July 2024, StockCharts365.com has taken a closer look at a very exciting company on the Oslo Stock Exchange:
Norsk Titanium AS (ticker on Euronext Growth Oslo: NTI)
The technical picture for the share now signals a further strong rise for this share, and where there is now little technical resistance further upwards for the share.
Read more about this below in the case here in today's technical analysis of Norsk Titanium AS (ticker on Euronext Growth Oslo: NTI).
First a little about the company Norsk Titanium AS (ticker on Euronext Growth Oslo: NTI)
"Norwegian Titanium rapid plasma deposition® (RPD®) is a commercial aerospace OEM-qualified additive manufacturing process that delivers structural titanium parts with reduced lead time and cost. The future is now.
Norwegian Titanium is active in the metal industry. The company offers products and services that have been developed in collaboration with the company's customers and mainly include titanium and other design solutions. The business is run via most production facilities with the largest presence in Europe and North America. Customers are found in various industries."
For more information about the company, visit their website here:
Technical Analysis of Norsk Titanium AS (ticker on Euronext Growth Oslo: NTI)
Charts are from the technical analysis program Vikingen.
Technical Analysis of Norsk Titanium AS (ticker on Euronext Growth Oslo: NTI):
The Norsk Titanium AS (NTI) share has triggered several positive technical signals recently.
A few months ago, the stock broke above both the 50-day and 200-day moving averages, and the 50-day moving average has broken above the 200-day moving average (the so-called 'Golden Cross signal').
This signals that both the short-term and medium-term trend for the share has turned from negative to positive.
The share has consolidated in recent months within a rectangular consolidation formation (cf. daily chart), and is now breaking out of this consolidation formation.
This triggers a new strong technical buy signal for the NTI share.
There is little technical resistance for the share further upwards now, and before around the NOK 6.00 - 7.00 level (previous peaks from the 2021/2023, cf. weekly chart).
StockCharts365.com's own analysis models, 'The SignalList' and 'The TradingList', are also both in a buy signal for the NTI share, thus signaling further growth for the share in both the short and medium term.
Based on this overall positive technical picture now for Norsk Titanium (NTI), StockCharts365.com assesses the NTI share as an exciting and interesting buy candidate at today's price level.
The potential for the share is initially assessed to be up to around the NOK 6.00 - 7.00 level.
NB! Remember to have read and understood the disclaimer.
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