Stockcharts365.com looks at Cessatech!

In this week’s Analysis, StockCharts365.com takes a closer look at the exciting company Cessatech A/S

(ticker on Spotlight Stock Market: CESSA)

The Cessatech share shows a strong development and further increase for the share is signaled within a long-term rising trend that started about a year ago. Read more about this below under the technical analysis of Cessatech A/S (ticker CESSA).

Here you can read more about Spotlight Stock Market, Sweden where the Danish company Cessatech A/S is listed.

More information and technical analysis for Cessatech A/S below.

We sold a lot in Vikingen Investment School in week 43

Here you will find our comments for week 44:

MPC Container Ships we choose to keep, even though the stock lost in the last month.
NVIDIA stock is starting to move upwards and last week we saw a symmetrical triangle formation (i.e. falling tops and rising bottoms) as indicated buy/hold. N which has proven to be true so far, we are now are now approximately 5.77% above the purchase price.
Isofol – a biotech company that win both bought and sold and bought again! The share rose over 20 percent. We chose to collect the profit when the share started to fall. Now in week 43, the stock is moving up again.We bought, monitored and sold when the stock went down again.
TRATON SE (8TRA), a subcontractor to the automotive industry, especially heavy vehicles. D e went up a bit, we sold before the weekend.
QMMM pedaled a lot and met resistance. We sold out before the weekend.

Today, October 29, we buy four shares
Bonesupport Holding AB (Bonex) medical technology company with good development right now
AAK AB, industrial company within vegetable fats and oils
Serstech AB (SERT), a technology company specialising in the identification and analysis of chemical substances
Surgical Science AB (SUS), the company develops VR simulators within surgery

We’ve learned to follow developments more closely than before and to be prepared to sell.

That was this week’s investment school. Feel free to give us feedback and follow us on FB and/or Linkedin.

Now about the company, Cessatech A/S (CESSA)

Cessatech is active in the pharmaceutical industry. The company specializes in the research and development of analgesic nasal sprays, which are further used to treat acute pain conditions in children. In addition to the main business, the company also offers associated ancillary services and related products. The business operates globally with the largest presence in the Nordic market. The head office is in Copenhagen.

For more information about the company, visit their websites here.

Technical Analysis of Cessatech A/S

(ticker on Spotlight Stock Market: CESSA)

The Cessatech share is showing strong development within a long term rising trend that started around a year ago. In the short term the stock is consolidating within a large symmetrical triangle formation, and a break upwards from this will trigger a new strong technical buy signal for the Cessatech stock.

The stock is now finding support at the 50-day moving average, and various momentum indicators such as RSI and Stochastics indicate that a new upturn for the stock may come soon. Furthermore, there has been a significant increase in volume in the share during the sharp rise over the past year, i.e. a positive volume balance for the share, which supports the other positive technical picture that the share shows.

BEST model in Vikingen and StockCharts365.com see potential for Cessatech

Furthermore, the BEST model in Vikingen provides a buy signal for Cessatech. This popular and effective technical analysis model was developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.

According to the long-term rising trend within which the share is moving (see weekly chart above), it indicates a potential for the share to rise to around DKK 30.00-40.00 in 6-12 months’ time. When breaking up from such triangle consolidation formations, there is often a similarly strong rise as the rise before the consolidation. In this case the Cessatech share rose around DKK 6.00 to close to DKK 20.00 in just a couple of months.

Strong rise possible for the share

So if there is such a break upwards from this consolidation formation now for the Cessatech share, then a sharp rise is signaled for the share. What could potentially change the current positive technical picture for the share would be if it were to break down from the aforementioned symmetrical triangle consolidation formation, and down below the support level at the 50-day moving average.

Stockchat with Aktieutbildning.nu & Vikingen Financial Software

Every Wednesday 7-8 CET, participate in Stockchat online by connecting here
Watch afterwards here via youtube

Mikael Hellberg at Aktieutbildning.nu is a highly experienced fund manager whose extensive knowledge you can benefit from.

Agenda Stockchat, start 7.00 pm, CET every Wednesday, for free
What is happening in the stock market? Which stock markets look strong?
How should you behave on the stock exchange? Is it time to buy/sell?
Which shares and funds are interesting?
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What is Vikingen Investment School?

Vikingen Investment School (the content of which we talk about in this blog) started on May 13, 2024. We have chosen to invest 10,000 SEK and hope that you will join us to learn how to get rich(er) on the stock market. If you have more than SEK 10,000 to invest, it’s of course even more interesting, but the principles are the same. Through Vikingen Financial Software and our mentor Peter Östevik, we at Vikingen Investment School select the investment objects that are most worth buying here and now. Since 10/6, we’re adding even more value to the blog by adding “Analysis of the week” from StockCharts365. com. And since week 41, there is a link to Stockchat in this blog.

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Sincerely, Catrin Abrahamsson-Beynon