$RANA - Consolidation phase + Oversold Technical Analysis
Oversold - William %R on 1Wk chart below -80% and there are reversal signs of a RSI bounce off the 1Wk 30 level.
1D chart showing consolidation phase happening within the wedge.
We need to wait for the consolidation to finalise and 1D indicators to reset before we have a BUY or SELL signal.
Price Target
BUY side price target looking like NOK 48-56. Upside of 9%-27%
Quality Screen
EV/EBIT: 1.86
P/B: 4.68
ROIC: 83.12% with current ROCI at 70.84%
EPS: 1.39 USD