AddLife in this week’s Analysis by StockCharts365.com!
The outlook for AddLife in this week’s analysis from StockCharts365.com
This week StockCharts365.com has taken a closer look at an exciting Labtech and Medtech company on the Stockholm Stock Exchange: AddLife AB Ser. B (ticker: ALIF B).
The overall technical picture for the AddLife share now signals further upside for the share, and the share is considered to be a good doubling candidate on a 6-12 month horizon. Read more about AddLife below in this week’s Analysis from StockCharts365.com.
First we go through Vikingens Investment School for week 37
There is still a great deal of uncertainty in the world’s stock markets, which we are all feeling. If we get one or more interest rate cuts, the situation will stabilize, both here and in the US. We choose this week to keep and buy as below:
MPC Container Ships we choose to keep, The share stands still.
The dividend date has been brought forward. NVIDIA we choose to keep, and are waiting for the company’s next trip up Neobo Fastigheter AB we choose to keep , for the time being, the long-term upward trend is not broken. Compass Therapeutics, is listed on Nasdaq, (Ticker CMPX), the stock fell slightly last week, but shows that it is now at a low level and an increase is to be expected.
We choose to buy:
QMMM (ticker QMMM)
Inseego (ticker INSG)
Both are showing good upward momentum. When we look in Vikingen at the 100 largest stocks on NASDAQ right now, we see a symmetrical triangle, which could mean an opportunity for a strong stock market rise in the US this fall.
That was this week’s investment school. Feel free to give us feedback and follow us on FB and/or Linkedin.
General information about the company AddLife AB Ser.
B (ticker: ALIF B)
AddLife is an independent European Life Science company that offers high-quality products, services and advice to both the private and public sectors. The company has around 2,300 employees in around 85 operational subsidiaries that operate under their own brands.
The Group has sales of around SEK 10 billion and the share is listed on NASDAQ Stockholm. AddLife is a Swedish-listed Labtech and Medtech company that is active in the European market. The company owns and acquires market-leading companies in niche segments whose offerings are aimed primarily at players in the healthcare sector, from research to care.
Headquartered in Stockholm For more information about the company, visit their website here.
Technical Analysis of AddLife AB Ser. B (ticker: ALIF B)
AddLife is showing strong development in both the short and long term within a rising trend. After a consolidation in the short term, a further rise is now being signaled for the share in the short and medium term. The stock has consolidated recently and finds good technical support around SEK 150.00 – 155.00, and at the 50-day moving average.
There is limited technical resistance for further upside within the rising trend. The potential for the share is estimated to be around SEK 300.00 – 400.00 in the 6-12 month term, and this according to the rising trend that the share is now moving within.
In other words, up against previous peaks from the end of 2021, when the share was around SEK 300.00 – 400.00 (cf. weekly chart).
The BEST model in Vikingen also shows a buy signal for AddLife
The overall technical picture for the AddLife share is positive, and the BEST model in Vikingen also has a buy signal for the AddLife share. This popular and effective technical analysis model was developed by Peter Östevik. He completed the BEST model around 2019, and after 30 years of experience in technical analysis and Vikingen Financial Software.
What could potentially change the currently positive technical picture for the share would be if it were to break down below the 50-day moving average and below the support level around SEK 150.00.
What is Vikingen Investment School?
Vikingen Investment School started 13. May 2024. We have chosen to invest SEK 10,000 and hope that you will join us to learn how to get rich(er) on the stock market. Our ambition is that you will want to join us on our journey from beginner to experienced investor. If you have more than SEK 10,000 to invest, it’s of course even more interesting, but the principles are the same.
Since 10/6, we’re adding even more value to the blog by adding “Analysis of the week” from StockCharts365. com.
Vikingen Financial Software shows you what to buy and sell right now!
Through Vikingen Financial Software and our mentor Peter Östevik, we at Vikingen Investment School select the shares/other investment objects that are most worth buying here and now.
Vikingen Financial Software would like to remind you that past positive results do not always indicate future profits and that all trading is at your own risk.
Sincerely, Catrin Abrahamsson-Beynon
