Stockcharts365.com analyzes Höegh Autoliners!
This week (v 43) StockCharts365.com has taken a closer look at Höegh Autoliners
(Ticker on Oslo Stock Exchange: HAUTO)
Höegh Autoliners is showing a strong development within a long-term rising trend, and now the overall technical picture for the share indicates that it may face further upside within this trend.
More information and technical analysis for Höegh Autoliners (HAUTO) below.
Vikingen Investment School – our stock portfolio increases in value!
And falls back again…
Here you will find our comments for weeks 42 and 43:
MPC Container Ships we choose to keep, we think it is a good and stable stock.
NVIDIA stock is starting to move upwards, and last week we saw a symmetrical triangle formation (i.e. falling tops and rising bottoms) that indicated buy/hold.. which has proven to be true so far, we are now are now approximately 2.7% above the purchase price. We might purchase some more NVIDIA.
Neobo Fastigheter AB we choose to sell Neobo because we could make money and the stock started to fall.
Questerre Energy Corp (QEC) we sell this share, In total, we have made a profit of 12% on Questerre.
Ambea AB a Swedish healthcare company, we bought this share in 10/16 and sold it again in 10/17, with a profit.
Isofol – a biotech company that we bought and sold and bought again! The share increased over 20 percent. We choose to collect the profit when the share started to fall. Now in week 43, the stock is moving up a little again. We bought and monitor.
TRATON SE (8TRA), a subcontractor to the automotive industry, especially heavy vehicles. The share shows a small increase so we buy some.
QMMM was rising a lot, but met resistance. We buy and monitor. We have learned to follow developments more closely than before and to be prepared to sell the volatile shares.
That was this week’s investment school. Feel free to give us feedback and follow us on FB and/or Linkedin.
Briefly about the company, Höegh Autoliners
(ticker on Oslo Stock Exchange: HAUTO)
Höegh Autoliners is a global provider of transportation services in the Roll-on Roll-off (RoRo) segment. The company offers sea transportation of cars, machinery and trucks. In addition, the company offers customized logistics solutions through Autotrans Logistics. The company operates on a global level. Höegh Autoliners is headquartered in Oslo, Norway.
For more information about the company, visit their websites here.
Technical Analysis of Höegh Autoliners
As mentioned, Höegh is showing strong development and within a long-term rising trend (see weekly chart). New positive technical signals have been triggered for the stock recently, from the break upwards of a right-angled rising triangle consolidation formation (cf. daily chart).
Höegh has had a ‘classic’ consolidation and test of the support level now after this buy signal from said consolidation formation. There is now technical support for the stock around the NOK 130.00 level and where there is also support at the 50-day moving average. Various momentum indicators such as RSI and Stochastics indicate that the share may be about to rise further from the current price level.
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 confirms that both the short-term and long-term trend for the stock is positive.
BEST model in Vikingen is a buy signal for Höegh
Furthermore, the BEST model in Vikingen is also a buy signal for the stock. 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 with technical analysis and Vikingen Financial Software.
Höegh Autoliners – an interesting buy candidate
Based on this overall positive technical picture for Höegh Autoliners (ticker on the Oslo Stock Exchange: HAUTO), StockCharts365.com considers the stock an interesting buy candidate. The potential for the stock is considered to be around NOK 200.00 – 250.00 in the 6-12 month term, and according to the long-term rising trend that the stock is moving within.
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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 Stock chat in this blog.
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