$RANA - Consolidation phase + Oversold

2022년 7월 26일

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