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AI Analysis of AKER.OL
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Aker ASA stock downgraded to Buy Candidate
(Updated on May 16, 2024)

Buy candidate since May 10, 2024 Loss -0.32% PDF

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.

Buy
Special Signal Notification

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


# Declaration Date 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

What is the symbol for Aker ASA Stock and on which exchange is it traded?
The symbol for Aker ASA is AKER.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell Aker ASA Stock?
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.

How to buy Aker ASA Stock?
Aker ASA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Aker ASA Stock.

What's the current price of Aker ASA Stock?
As of the end of day on the May 16, 2024, the price of an Aker ASA (AKER.OL) share was kr629.00.

What is the 52-week high and low for Aker ASA Stock?
The 52-week high for Aker ASA Stock is kr709.00 and the 52-week low is kr569.00.

What is the market capitalization of Aker ASA Stock?
As of the May 16, 2024, the market capitalization of Aker ASA is 46.733B.

When is the next earnings date for Aker ASA?
The upcoming earnings date for Aker ASA is Jul 16, 2024.
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About Aker ASA

Aker ASA Aker ASA operates as an industrial investment company in Norway, the European Union, North America, South America, Asia, and internationally. It operates in two segments, Industrial Holdings and Financial Investments. The company engages in the exploration and production of oil and gas; provides solutions, products, and services to the energy industry; develops and delivers technologies to drilling market; holds oil reserves; and harvests, develo... AKER.OL Profile

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