ABG Sundal Collier Holding ASA Stock Forecast

Red day on Monday for ABG Sundal Collier Holding ASA
(Updated on Jun 24, 2024)

ABG.OL Signals & Forecast

The ABG Sundal Collier Holding ASA 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 kr6.14 and kr6.11. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.99%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.

Support, Risk & Stop-loss for ABG Sundal Collier Holding ASA stock

ABG Sundal Collier Holding ASA finds support from accumulated volume at kr6.06 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 kr0.140 between high and low, or 2.28%. For the last week the stock has had daily average volatility of 2.77%

Our recommended stop-loss: kr5.76 (-6.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)

Trading Expectations (ABG.OL) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect ABG Sundal Collier Holding ASA to open at kr6.18, and during the day (based on 14 day Average True Range), to move between kr5.98 and kr6.30, which gives a possible trading interval of +/-kr0.159 (+/-2.59%) 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 5.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr6.15 (0.16%) than the support at kr6.06 (1.30%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is ABG Sundal Collier Holding ASA stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ABG Sundal Collier Holding ASA stock to perform well in the short-term.

Current score: 2.657 Buy Candidate Unchanged

Predicted Opening Price for ABG Sundal Collier Holding ASA of Tuesday, June 25, 2024

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