RSI low/high Values: [ 25 - 75 ]
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AI Analysis of EURN
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Euronav NV stock price up 1.09% on Thursday
(Updated on Mar 28, 2024)

Sell candidate since Mar 22, 2024 Gain 4.07% PDF

The Euronav NV stock price gained 1.09% on the last trading day (Thursday, 28th Mar 2024), rising from $16.45 to $16.63. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.40% from a day low at $16.46 to a day high of $16.69. The price has been going up and down for this period, and there has been a -6.83% loss for the last 2 weeks. Volume fell on the last day by -140 thousand shares and in total, 268 thousand shares were bought and sold for approximately $4.45 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.

The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -6.33% during the next 3 months and, with a 90% probability hold a price between $13.65 and $16.54 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.

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EURN Signals & Forecast

There are mixed signals in the stock today. The Euronav NV stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $17.25. On a fall, the stock will find some support from the short-term average at $16.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 13.21%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.

Support, Risk & Stop-loss for Euronav NV stock

Euronav NV finds support from accumulated volume at $16.42 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.230 between high and low, or 1.40%. For the last week, the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (EURN) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Euronav NV to open at $16.59, and during the day (based on 14 day Average True Range), to move between $16.27 and $16.99, which gives a possible trading interval of +/-$0.362 (+/-2.18%) up or down from last closing price. If Euronav NV takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $16.42 (1.26%) than the resistance at $17.73 (6.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Euronav NV stock A Buy?

Euronav NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -1.401 Sell Candidate Unchanged

Predicted Opening Price for Euronav NV of Monday, April 1, 2024

Fair opening price April 1, 2024 Current price
$16.59 ( 0.220%) $16.63

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for EURN

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 16.82 1.16 %
R2 16.74 0.634 %
R1 16.68 0.308 %
Current price: 16.63
Support S1 16.51 -0.749 %
S2 16.45 -1.08 %
S3 16.36 -1.60 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 17.78 6.92 %
R2 17.75 6.73 %
R1 17.73 6.61 %
Current price 16.63
Support S1 16.42 -1.26%
S2 16.03 -3.61%
S3 14.69 -11.67%

EURN Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 29, 2023 Dec 12, 2023 Dec 20, 2023 $0.399 2.27%
2 Aug 03, 2023 Sep 06, 2023 Sep 19, 2023 $0.80 4.94%
3 May 30, 2023 Jun 08, 2023 Sep 19, 2023 $0.700 4.32%
4 May 25, 2023 Jun 01, 2023 Jun 20, 2023 $1.10 6.85%
5 Feb 16, 2023 Feb 21, 2023 Mar 02, 2023 $0.0300 0.162%

FAQ

What is the symbol for Euronav NV Stock and on which exchange is it traded?
The symbol for Euronav NV is EURN and it is traded on the NYSE (New York Stock Exchange).

Should I buy or sell Euronav NV Stock?
Euronav NV holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Euronav NV Stock?
Euronav NV Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Euronav NV Stock.

What's the current price of Euronav NV Stock?
As of the end of day on the 2024-03-28, the price of an Euronav NV (EURN) share was $16.63.

What is the 52-week high and low for Euronav NV Stock?
The 52-week high for Euronav NV Stock is $18.51 and the 52-week low is $14.10.

What is the market capitalization of Euronav NV Stock?
As of the 2024-03-28, the market capitalization of Euronav NV is 3.363B.

When is the next earnings date for Euronav NV?
The upcoming earnings date for Euronav NV is May 09, 2024.
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About Euronav NV

Euronav NV Euronav NV, together with its subsidiaries, engages in the transportation and storage of crude oil worldwide. The company also offers floating, storage, and offloading (FSO) services. As of April 1, 2022, it owned and operated a fleet of 72 vessels, including 6 chartered-in vessels with an aggregate carrying capacity of approximately 18.5 million deadweight tons consisting of 41 very large crude carriers, 2 V-plus, 27 Suezmax vessels, and 2 FSO v... EURN Profile

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