SPNO.CO (OMXC)

SPNO.CO COPENHAGEN

Spar Nord Bank

SELL

104.50

Prev.Close

106.30

Change

-1.8000

Change%

-1.69%

BEARISH DELIBERATION BL...

Sold at

105.71

Open

106.30

High

106.40

Low

104.40

104.50

Gain%

-1.14%

Signal History

Date	Price	Signal	Change%	€100⇨
07-12	105.71	SELL	-1.1%	112
24-11	104.28	BUY	+1.4%	111
21-11	103.61	SELL	+0.6%	111
14-11	104.18	BUY	-0.5%	112
10-11	103.10	SHORT	+1.0%	113
06-11	103.78	BUY	-0.7%	114
01-11	106.31	SHORT	-2.4%	112
27-10	102.57	BUY	+3.6%	108
13-10	115.17	SELL	-10.9%	109
06-10	107.09	BUY	+7.5%	101
02-10	107.50	SELL	-0.4%	101
19-09	103.98	BUY	+3.4%	98
07-09	103.42	SHORT	+0.5%	99
05-09	105.58	BUY	-2.0%	101
31-08	104.32	SHORT	+1.2%	103
28-08	105.78	BUY	-1.4%	105
15-08	109.60	SELL	-3.5%	105
11-07	106.10	BUY	+3.3%	102
05-07	106.41	SELL	-0.3%	102
03-07	107.19	BUY	-0.7%	103
23-06	109.20	SELL	-1.8%	103
13-06	105.98	BUY	+3.0%	100

† Trade commissions are taken as 0.15%.

Pattern & Confirmation Chart for the Last 6 Months

Our system’s recommendation today is to SELL. The BEARISH DELIBERATION BLOCK pattern finally received a confirmation because the prices crossed below the confirmation level which was at 106.10, and our valid average selling price stands now at 105.71. The previous BUY signal was issued on 24-11-2023, 13 days ago, when the stock price was 104.28. Since then SPNO.CO has risen by +1.37%.

We may be at a market top or at the start of a correction. The market ran out of steam and the traders are now more in agreement about the bearishness. The evidence is strong enough to prompt the closing of long positions. Today’s candlestick has a black body and its close is below the confirmation level. The bearish pattern that was previously identified is finally confirmed and a <SELL signal is generated. You still have time to follow the signal and then you may start checking other securities for a bullish bet.

This pattern consists of three consecutive white candlesticks with consecutively higher closes in an uptrend. more...

Date	Price	Signal	Change%	€100⇨
07-12	105.71	SELL	-1.1%	238
24-11	104.28	BUY	+1.4%	235
21-11	103.61	SELL	+0.6%	235
14-11	104.18	BUY	-0.5%	237
10-11	103.10	SHORT	+1.0%	240
06-11	103.78	BUY	-0.7%	242
01-11	106.31	SHORT	-2.4%	238
27-10	102.57	BUY	+3.6%	230
13-10	115.17	SELL	-10.9%	230
06-10	107.09	BUY	+7.5%	214
02-10	107.50	SELL	-0.4%	215
19-09	103.98	BUY	+3.4%	208
07-09	103.42	SHORT	+0.5%	210
05-09	105.58	BUY	-2.0%	215
31-08	104.32	SHORT	+1.2%	218
28-08	105.78	BUY	-1.4%	222
15-08	109.60	SELL	-3.5%	222
11-07	106.10	BUY	+3.3%	215
05-07	106.41	SELL	-0.3%	216
03-07	107.19	BUY	-0.7%	218
23-06	109.20	SELL	-1.8%	218
13-06	105.98	BUY	+3.0%	212
09-06	106.21	SELL	-0.2%	212
01-06	104.00	BUY	+2.1%	208
20-04	114.60	SELL	-9.2%	208
13-04	112.20	BUY	+2.1%	204
04-04	107.90	SHORT	+4.0%	213
29-03	106.98	BUY	+0.9%	212
23-03	107.99	SHORT	-0.9%	211
21-03	112.60	BUY	-4.1%	221
10-03	129.13	SHORT	-12.8%	196
08-03	131.00	BUY	-1.4%	200
01-03	128.93	SELL	+1.6%	200
27-02	129.26	BUY	-0.3%	201
22-02	123.60	SELL	+4.6%	201
07-02	110.19	BUY	+12.2%	179
02-02	108.01	SHORT	+2.0%	184
27-01	106.78	BUY	+1.2%	182
12-01	109.60	SELL	-2.6%	182
03-01	108.18	BUY	+1.3%	180