Aker ASA Stock Forecast
Aker ASA stock downgraded to Buy Candidate
(Updated on May 16, 2024)
The Aker ASA stock price fell by -0.317% on the last day (Thursday, 16th May 2024) from kr631.00 to kr629.00. During the last trading day the stock fluctuated 1.77% from a day low at kr623.00 to a day high of kr634.00. The price has been going up and down for this period, and there has been a 1.62% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -18 thousand shares and in total, 24 thousand shares were bought and sold for approximately kr14.84 million.
The stock lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 8.36% during the next 3 months and, with a 90% probability hold a price between kr669.18 and kr730.04 at the end of this 3-month period.
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AKER.OL Signals & Forecast
The Aker 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 kr630.43. On a fall, the stock will find some support from the long-term average at approximately kr627.66. 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. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 3.97%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Tuesday, March 19, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Aker ASA stock
Aker ASA finds support from accumulated volume at kr598.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr11.00 between high and low, or 1.77%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: kr596.14 (-5.22%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)
Trading Expectations (AKER.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Aker ASA to open at kr628.67, and during the day (based on 14 day Average True Range), to move between kr617.28 and kr640.72, which gives a possible trading interval of +/-kr11.72 (+/-1.86%) up or down from last closing price. If Aker ASA takes out the full calculated possible swing range there will be an estimated 3.73% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr631.00 (0.32%) than the support at kr598.00 (4.93%), 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 Aker 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 Aker ASA stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.936 Buy Candidate Downgraded
Predicted Opening Price for Aker ASA of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
kr628.67 ( 0.0530%) | kr629.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKER.OL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 639.67 | 1.70 % | |
R2 | 635.46 | 1.03 % | ||
R1 | 632.87 | 0.615 % | ||
Current price: | 629.00 | |||
Support | S1 | 624.46 | -0.721 % | |
S2 | 621.87 | -1.13 % | ||
S3 | 617.67 | -1.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 647.00 | 2.86 % | |
R2 | 639.00 | 1.59 % | ||
R1 | 631.00 | 0.318 % | ||
Current price | 629.00 | |||
Support | S1 | 598.00 | -4.93% | |
S2 | 595.00 | -5.41% | ||
S3 | 592.00 | -5.88% |
AKER Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 18, 2024 | Apr 18, 2024 | Apr 18, 2024 | kr0 | 0% |
2 | Nov 07, 2023 | Nov 07, 2023 | Nov 07, 2023 | kr15.00 | 2.27% |
3 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | kr15.00 | 2.27% |
4 | Nov 08, 2022 | Nov 08, 2022 | Nov 08, 2022 | kr14.50 | 1.84% |
5 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | kr14.50 | 1.81% |
FAQ
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