5th Planet Games A/S Stock Forecast

Stronger technical forecast for 5th Planet Games A/S stock price after Thursday trading.
(Updated on May 16, 2024)

5PG.OL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The 5th Planet Games A/S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr1.73 and kr1.79. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".

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

5th Planet Games A/S finds support from accumulated volume at kr1.69 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 kr0.0650 between high and low, or 3.98%. For the last week the stock has had daily average volatility of 3.40%.

Our recommended stop-loss: kr1.59 (-6.46%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)

Trading Expectations (5PG.OL) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect 5th Planet Games A/S to open at kr1.68, and during the day (based on 14 day Average True Range), to move between kr1.62 and kr1.77, which gives a possible trading interval of +/-kr0.0797 (+/-4.70%) 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 9.40% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr1.69 (0.18%) than the resistance at kr1.78 (4.72%), 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.971 Hold/Accumulate Upgraded

Predicted Opening Price for 5th Planet Games A/S of Tuesday, May 21, 2024

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