Zinzino in this week’s analysis by StockCharts365.com!
StockCharts365.com analyzes the company Zinzino
Listed on First North Sweden (ticker: ZZ B)
In this week’s Analysis, StockCharts365.com has taken a closer look at a company at First North Sweden: Zinzino AB (ticker: ZZ B). The overall technical picture for the stock is positive and the stock has now triggered a new technical buy signal after breaking upwards from a large rectangle consolidation formation. Further rise is signaled for the stock. Read more below about the Zinzino stock.
First Vikingens Investment School for week 40
Nordea changes its forecast and says in a customer letter October 1st, that the Riksbank in Sweden will lower the key interest rate by 50 basis points, to 2.75 percent, in November. At Vikingen we choose to act as below, the decisions made using several models in Vikingen, including the BEST model with he help of our mentor Peter Östevik.
Below you will find our comments to what we have kept, sold and bought:
MPC Container Ships we choose to keep. Both the price and the volume are increasing, giving a buy signal in Vikingen.
NVIDIA the stock is stagnant right now, but we see a symmetrical triangle formation (i.e. falling tops and rising bottoms) giving buy signals and a dividend has been announced for October 3rd. We choose to retain
Neobo Fastigheter AB , the stock is showing a very nice upward trend.
Compass Therapeutics (Ticker CMPX) the stock will interfere with a resistance at $2, so then we plan to sell (at 1.95).
QMMM (Ticker QMMM) the stock is doing well, high turnover and rising price, we plan to sell when we get a profit (at USD 7).
Inseego (Ticker INSG) in the short term, the stock gives a sell signal, but in the long term it can be kept. We choose to sell, because we got a small profit.
Questerre Energy Corp (QEC) this stock shows strong buy signals on several models in Vikingen, so we buy it.
That was this week’s investment school. Feel free to give us feedback and follow us on FB and/or Linkedin.
Below is general information about the company Zinzino
Zinzino (ticker: ZZ B) offers products related to healthcare and dietary supplements. The company markets and sells products in a wide range of areas such as skin care, immune system and weight loss like omega 3, meal replacements and coffee. Zinzino operates mainly in the Nordic region, Europe and North America. The head office is located in Västra Frölunda, Sweden.
For more information about the company, visit their website here.
Technical Analysis of Zinzino AB
(ticker on First North Sweden: ZZ B)
The Zinzino share is showing strong short and long term development within a long term rising trend, which started back in early 2023. The stock is now triggering new positive technical signals after breaking upwards from a large rectangle consolidation formation and the stock is also about to break above its previous all-time high at SEK 91.80 back in early 2021.
The Zinzino share 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. Various momentum indicators such as RSI and Stochastics show an overbought situation for the stock in the very short term, indicating that there may be a short-term consolidation now in excess of the aforementioned break up from a large rectangle consolidation formation. However, it is worth mentioning that a stock that shows a strong development can show such an ‘overbought’ situation over a longer period of time, while the stock can continue to rise significantly.
The BEST model in Vikingen also shows a buy signal for the Zinzino stock
The BEST model in Vikingen is signalling a buy signal for Zinzino. 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.
There is little technical resistance for a further rise in the Zinzino share until it reaches the upper trend line in the long-term rising trend. This indicates a potential for the stock to reach around SEK 150.00 – 170.00 in the 6-12 month term. The share is currently trading around SEK 91.50. What could possibly change the currently positive technical picture for the Zinzino share would be if it were to fall back and below what is now a significant technical support level around SEK 80.00 – 85.00.
So to summarize: StockCharts365.com considers Zinzino to be an interesting stock to buy right now.
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Sincerely, Catrin Abrahamsson-Beynon
