Abg Sundal Collier Holding Asa Stock Forecast

Abg Sundal Collier Holding Asa stock price up 0.163% on Monday
(Updated on Jun 17, 2024)

0IZM.L Signals & Forecast

A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -3.16%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Abg Sundal Collier Holding Asa stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr6.18. On a fall, the stock will find some support from the long-term average at approximately kr6.03. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.

Support, Risk & Stop-loss for Abg Sundal Collier Holding Asa stock

Abg Sundal Collier Holding Asa finds support from accumulated volume at kr6.12 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.488%

Our recommended stop-loss: kr5.86 (-4.48%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 33 days ago.)

Trading Expectations (0IZM.L) For The Upcoming Trading Day Of Tuesday 18th

For the upcoming trading day on Tuesday, 18th we expect Abg Sundal Collier Holding Asa to open at kr6.13, and during the day (based on 14 day Average True Range), to move between kr6.06 and kr6.20, which gives a possible trading interval of +/-kr0.0656 (+/-1.07%) up or down from last closing price. If Abg Sundal Collier Holding Asa takes out the full calculated possible swing range there will be an estimated 2.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr6.12 (0.16%) than the resistance at kr6.19 (0.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Abg Sundal Collier Holding Asa stock A Buy?

Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.

Current score: 1.661 Buy Candidate Unchanged

Predicted Opening Price for Abg Sundal Collier Holding Asa of Tuesday, June 18, 2024

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