5th Planet Games A/S Stock Forecast

Red day on Tuesday for 5th Planet Games A/S
(Updated on Apr 30, 2024)

5PG.OL Signals & Forecast

The 5th Planet Games A/S 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 kr1.84. On a fall, the stock will find some support from the long-term average at approximately kr1.77. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -8.08%. 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). 5th Planet Games A/S gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for 5th Planet Games A/S stock

5th Planet Games A/S finds support from accumulated volume at kr1.80 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 kr0.0400 between high and low, or 2.22%. For the last week, the stock has had daily average volatility of 4.71%.

Our recommended stop-loss: kr1.76 (-3.46%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)

Trading Expectations (5PG.OL) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect 5th Planet Games A/S to open at kr1.82, and during the day (based on 14 day Average True Range), to move between kr1.72 and kr1.92, which gives a possible trading interval of +/-kr0.101 (+/-5.56%) up or down from last closing price. If 5th Planet Games A/S takes out the full calculated possible swing range there will be an estimated 11.13% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr1.80 (1.37%) than the resistance at kr1.89 (3.57%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is 5th Planet Games A/S stock A Buy?

5th Planet Games A/S holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.154 Hold/Accumulate Unchanged

Predicted Opening Price for 5th Planet Games A/S of Thursday, May 2, 2024

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