Golar Lng Limited Stock Forecast
Golar Lng Limited stock price up 1.15% on Tuesday
(Updated on Jun 25, 2024)
The Golar Lng Limited stock price gained 1.15% on the last trading day (Tuesday, 25th Jun 2024), rising from kr30.30 to kr30.65. During the last trading day the stock fluctuated 1.57% from a day low at kr30.61 to a day high of kr31.09. The price has risen in 5 of the last 10 days and is up by 7.73% over the past 2 weeks. Volume fell on the last day by -10 thousand shares and in total, 1 thousand shares were bought and sold for approximately kr44.32 thousand. 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 has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr29.43, a level that may pose a second chance to hit a runner. According to fan-theory kr31.94 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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0HDY.L Signals & Forecast
The Golar Lng Limited stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr29.40 and kr27.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 11.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Golar Lng Limited stock
Golar Lng Limited finds support from accumulated volume at kr30.30 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.480 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 2.10%.
Our recommended stop-loss: kr29.74 (-2.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (0HDY.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Golar Lng Limited to open at kr30.78, and during the day (based on 14 day Average True Range), to move between kr29.84 and kr31.46, which gives a possible trading interval of +/-kr0.81 (+/-2.63%) up or down from last closing price. If Golar Lng Limited takes out the full calculated possible swing range there will be an estimated 5.26% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr30.30, some kr0.349 (1.14%) from the current price of kr30.65, our system finds the risk reward attractive.
Is Golar Lng Limited stock A Buy?
Several short-term signals are positive and the stock has broke the rising trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Golar Lng Limited stock to perform well in the short-term period.
Current score: 7.463 Strong Buy Candidate Unchanged
Predicted Opening Price for Golar Lng Limited of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr30.78 ( 0.438%) | kr30.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0HDY.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 31.26 | 2.00% |
| R2 | 31.08 | 1.41% |
| R1 | 30.97 | 1.04% |
| Price | 30.65 | |
| S1 | 30.60 | -0.161% |
| S2 | 30.49 | -0.530% |
| S3 | 30.30 | -1.13% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 30.65 | |
| S1 | 30.30 | -1.14% |
| S2 | 28.45 | -7.18% |
| S3 | 25.11 | -18.07% |
0HDY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 10, 2024 | Jun 10, 2024 | Jun 17, 2024 | kr0.250 | 0.85% |
| 2 | Mar 11, 2024 | Mar 11, 2024 | Mar 20, 2024 | kr0.250 | 1.04% |
| 3 | Nov 30, 2023 | Nov 30, 2023 | Nov 30, 2023 | kr0.250 | 1.16% |
| 4 | Aug 18, 2023 | Aug 18, 2023 | Aug 18, 2023 | kr0.250 | 1.15% |
| 5 | Jun 09, 2023 | Jun 09, 2023 | Jun 09, 2023 | kr0.250 | 1.13% |
FAQ
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