Analysis of the Week: A Company Shaping the Wireless Future!
Aksjeanalyser.com takes a closer look at an interesting IT company listed on the Oslo Stock Exchange!
Nordic Semiconductor (Oslo Stock Exchange ticker: NOD)
Aksjeanalyser.com believes this stock could rise 50–70% over the next 6–12 months.
About Nordic Semiconductor ASA
(ticker on the Oslo Stock Exchange: NOD):
Nordic Semiconductor ASA is engaged in the development, sale, and supply of integrated circuits for wireless applications. Its products include wireless technologies, power management ICs, cloud services, and modules. The company was founded in 1983 and is headquartered in Trondheim, Norway.
With today’s share price at around NOK 168, the company’s market capitalization is approximately USD 3.46 billion.
For more information about the company, please visit their website here.
Technical Analysis of Nordic Semiconductor ASA
(Ticker symbol on the Oslo Stock Exchange: NOD)
The technical picture for Nordic Semiconductor (NOD), shows several positive signals for this stock.
The stock has triggered a strong technical buy signal from a large inverse head-and-shoulders pattern that has been forming over several years.
A technical signal like this is undoubtedly worth keeping an eye on, and Aksjeanalyser.com believes that Nordic Semiconductor stock may now be a very good buy and sees significant upside potential for the stock in both the short and long term.
There is now significant technical support for the stock around the NOK 150 level, and further gains are limited by technical resistance.
The stock has established a long-term uptrend, indicating that it has the potential to reach its previous all-time high of around NOK 300.
This implies significant upside potential for the stock, which is currently trading at around NOK 168.
Aksjeanalyser.com considers this stock a very interesting buy candidate!
The only thing that could potentially change the stock’s currently very positive technical picture would be if the stock were to break decisively below the now very important technical support level at NOK 150.00.
Based on both the technical and fundamental factors surrounding Nordic Semiconductor ASA (Oslo Stock Exchange ticker: NOD), Aksjeanalyser.com considers the stock a very interesting and exciting buy candidate at current price levels.
The stock’s potential is estimated to be in the range of NOK 250–300 over the next 6–12 months.
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