Aker Horizons AS Stock Forecast
Red day on Wednesday for Aker Horizons AS
(Updated on Mar 27, 2024)
The Aker Horizons AS stock price fell by -1.02% on the last day (Wednesday, 27th Mar 2024) from kr3.13 to kr3.10. During the last trading day the stock fluctuated 6.10% from a day low at kr3.02 to a day high of kr3.20. The price has fallen in 7 of the last 10 days and is down by -15.49% for this period. 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 -268 thousand shares and in total, 1 million shares were bought and sold for approximately kr3.75 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr3.00 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -20.68% during the next 3 months and, with a 90% probability hold a price between kr2.38 and kr3.25 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AKH.OL Signals & Forecast
There are few to no technical positive signals at the moment. The Aker Horizons AS 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 kr3.25 and kr3.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -21.68%. 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). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Aker Horizons AS stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr0.184 between high and low, or 6.10%. For the last week, the stock has had daily average volatility of 6.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AKH.OL) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Aker Horizons AS to open at kr3.11, and during the day (based on 14 day Average True Range), to move between kr2.90 and kr3.30, which gives a possible trading interval of +/-kr0.202 (+/-6.50%) up or down from last closing price. If Aker Horizons AS takes out the full calculated possible swing range there will be an estimated 13.00% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr3.45, some kr0.350 (11.29%) from the current price of kr3.10, our system finds the risk reward not very attractive.
Is Aker Horizons AS stock A Buy?
Aker Horizons AS holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.487 Strong Sell Candidate Unchanged
Predicted Opening Price for Aker Horizons AS of Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
kr3.11 ( 0.172%) | kr3.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKH.OL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.29 | 6.11 % | |
R2 | 3.22 | 3.84 % | ||
R1 | 3.18 | 2.44 % | ||
Current price: | 3.10 | |||
Support | S1 | 3.04 | -2.10 % | |
S2 | 2.99 | -3.50 % | ||
S3 | 2.92 | -5.76 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 3.57 | 15.16 % | |
R2 | 3.49 | 12.58 % | ||
R1 | 3.45 | 11.29 % | ||
Current price | 3.10 | |||
Support | S1 | 0 | . | |
S2 | 0 | . | ||
S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Aker Horizons AS Stock.