GETINGE AB-B SHS (GETIB.ST) Stock Technical Analysis
STO:GETIB - Nasdaq Stockholm AB - SE0000202624 - Common Stock - Currency: SEK
We assign a technical rating of 8 out of 10 to GETIB. Although GETIB is only a medium performer in the overall market, the technical picture looks good in both the medium and short term time frames.
Besides having an excellent technical rating, GETIB also presents a decent setup pattern. We see reduced volatility while prices have been consolidating in the most recent period. There is very little resistance above the current price. There is a support zone below the current price at 215.94, a Stop Loss order could be placed below this zone. We notice that large players showed an interest for GETIB in the last couple of days, which is a good sign.
- Behavior of large players is measured by the Effective Volume indicator. This indicator inspects the 1 minute timeframe looking for high volume transactions.
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206.50
When analyzing the support we notice one important area.
- A support zone ranging from 208.59 to 215.94. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
We can see 3 important resistance areas.
- Resistance @224.20 from a horizontal line in the daily time frame.
- A resistance zone ranging from 230.50 to 231.75. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Resistance @235.51 from a horizontal line in the weekly time frame.
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 224.21 | 208.58 | 15.63 (6.97%) | 14.34% |
| An entry @224.21. This is a Buy Stop order right above the resistance zone. | An exit @208.58. This is a Stop Loss order right below the support zone. | The worst case loss on the trade is limited to 15.63 points, which is 6.97%. | For a 1.00% total portfolio risk, you can invest 14.34% of your capital in this trade. |
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
STO:GETIB (3/7/2025, 5:24:55 PM)
216.3
-2.9 (-1.32%)