Gold in this week’s Analysis!
Aksjeanalyser.com looks at a multinational gold company!
Lundin Gold Inc. (ticker on Nasdaq Stockholm: LUG and ticker on Toronto Stock Exchange: LUG)
The gold price is showing strong development within a long-term rising trend, and has recently triggered new technical buy signals. So a further rise is signaled for the gold price in both the short and long term.
We see the same technical picture in Lundin Gold (LUG) which has now triggered a new strong technical buy signal after breaking upwards from a large rectangle consolidation formation. Further rise is now signaled for Lundin Gold (LUG) in both the short and long term.
Information about the company Lundin Gold
Lundin Gold is a Canadian mining company with its head office located in Vancouver, British Columbia. The Company’s 100 percent owned Fruta del Norte gold mine, located in southeast Ecuador, has been in production since late 2019, and is among the highest-grade operating gold mines in the world.
Lundin Gold operates with transparency and in accordance with international best practices. The Company’s board and management team have extensive expertise in mine operations, sustainability, finance, mergers & acquisitions and are dedicated to operate Fruta del Norte responsibly and creating shareholder value. The Company is committed to delivering value to its shareholders, while simultaneously providing economic and social benefits to impacted communities, fostering a healthy and safe workplace and minimizing the environmental impact. The Company believes that the value created through Fruta del Norte will benefit its shareholders, the Government and people of Ecuador.
Lundin Gold’s shares are listed on the Toronto Stock Exchange and Nasdaq Stockholm under the acronym “LUG.”
For more information about the company, visit their website here.
Technical Analysis of Lundin Gold
The Lundin Gold share (LUG ) shows a strong development within a long-term rising trend.
The stock has now triggered a new strong technical buy signal after breaking upwards from a large rectangle consolidation formation, which the stock has been consolidating within since October 2024.
Lundin Gold’s share price is now signaling a further rise, and within the long-term rising trend, where there is now little technical resistance to a further rise for the share.
According to this long-term rising trend, a potential for the share to reach around SEK 400.00 – 450.00 in 6-12 months’ time is signaled.
The BEST model also shows a buy signal for Lundin Gold
The BEST model in Vikingen also gives a buy signal for Lundin Gold (LUG). This popular and effective technical analysis model is developed by Peter Östevik. He finalized the BEST model around 2019, and after 30 years of experience with technical analysis and Vikingen Financial Software.
What could potentially change the very positive technical picture that the Lundin Gold (LUG) share is currently showing, would be if the share were to break down below the important technical level around SEK 275.00, and below the 50-day moving average (which is currently around SEK 260.00).
Based on this overall very positive technical picture, Aksjeanalyser.com assesses this Lundin Gold to be a very interesting buy candidate around the current price level, and sees a potential for the share up to SEK 400.00 – 450.00 in the 6-12 month term.
Buy Futures in Vikingen!
If you like to trade precious metals and other commodities, it’s a good idea to add Futures in Vikingen! You can find them here. Contracts, futures, for assets (especially commodities or shares or indices) that are bought at agreed prices but delivered and paid for later.
Welcome to watch free trainings (in Swedish) about Vikingen Mini, Börs,Trading and Vikingen Maxi programs. Always good to refresh your knowledge from time to time. This video was recorded with Peter Östevik on 19/11 when he provided many valuable tips and insights on how to invest successfully and how to best use the Vikingen Programs.
Vikingen Financial Software reminds you that past positive results do not always indicate future profits and that all trading is at your own risk.
Yours sincerely
