$RANA - Consolidation phase + Oversold

135
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

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