RatosMy post is preferably a technical analysis.
Ratos is an investment company whose business concept is to acquire and develop mainly unlisted companies in the Nordic region.
Ratos has been in a downtrend since late 2021, and since February 2023, the price has fluctuated within the main trend between support at 28.70 and resistance at 35.94. There was a double bottom (DB) but that has not given a buy signal. At the end of the price graph we have a small almost symmetrical triangle.
Somewhat poor correlation between volume peak and price peak.
RSI(21) 53.9 and OBV have a flat development.
The sum of MA and Oscillator on Trading View stands one day on buy, one week on neutral and one month on sell.
Consider the stock technically weak negative in the medium term – one to 6 months.
Breaking up through resistance at 35.9 or down through support at 28.7 at large volume will provide direction at least in the short term. There must also be a break up or down in relation to the triangle.
Fundamental analysts (3) have a positive outlook on the stock and a one-year price target from 47 to 55.
Currently short positions are at a total of 1.45.
Keep in mind that you need to do your own research and assessment before buying and selling.
Disclaimer: I have a position in the stock.
Sources: Trading View and www.fi.se
