HOLMEN AB-B SHARES (HOLMB.ST) Stock Technical Analysis
STO:HOLMB - Nasdaq Stockholm AB - SE0011090018 - Common Stock - Currency: SEK
Overall HOLMB gets a technical rating of 5 out of 10. HOLMB has been an average performer in the overall market. Recently some decent action could be observed, but in the medium term time frame this is still negative.
Although the technical rating is only medium, HOLMB does present a nice setup opportunity. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 436.40. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 424.02, a Stop Loss order could be placed below this zone. Very recently a Pocket Pivot signal was observed. This is another positive sign.
- A Pocket Pivot is a price/volume accumulation pattern. A Pocket Pivot occurs when price moves up with volume higher than the maximum down volume registered in the previous 10 days.
More info and screens
391.44
2 important support areas can be observed.
- A support zone ranging from 417.50 to 424.02. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- A support zone ranging from 395.39 to 409.40. This zone is formed by a combination of multiple trend lines in multiple time frames.
When analyzing the resistance we notice 2 important areas.
- Resistance @436.40 from a horizontal line in the daily time frame.
- A resistance zone ranging from 445.60 to 453.61. This zone is formed by a combination of multiple trend lines in multiple time frames.
STO:HOLMB (3/7/2025, 5:29:45 PM)
431.6
+1.8 (+0.42%)