AKVA Group ASA Stock Forecast
AKVA Group ASA stock price down 0.309% on Thursday
(Updated on May 16, 2024)
The AKVA Group ASA stock price fell by -0.309% on the last day (Thursday, 16th May 2024) from kr64.80 to kr64.60. During the last trading day the stock fluctuated 3.53% from a day low at kr62.40 to a day high of kr64.60. The price has fallen in 5 of the last 10 days and is down by -3.29% 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 -4 thousand shares and in total, 1 thousand shares were bought and sold for approximately kr93.86 thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr63.41 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 18.16% during the next 3 months and, with a 90% probability hold a price between kr74.92 and kr91.63 at the end of this 3-month period.
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AKVA.OL Signals & Forecast
There are few to no technical positive signals at the moment. The AKVA Group ASA 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 kr64.74 and kr67.48. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -10.28%. 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 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. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for AKVA Group ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr59.20 and kr57.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AKVA Group ASA finds support just below today's level at kr59.20. If this is broken, then the next support from accumulated volume will be at kr57.00 and kr54.40.
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 kr2.20 between high and low, or 3.53%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AKVA.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect AKVA Group ASA to open at kr63.87, and during the day (based on 14 day Average True Range), to move between kr62.66 and kr66.54, which gives a possible trading interval of +/-kr1.94 (+/-3.00%) up or down from last closing price. If AKVA Group ASA takes out the full calculated possible swing range there will be an estimated 5.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr65.60 (1.55%) than the support at kr59.20 (8.36%), 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 AKVA Group ASA stock A Buy?
The AKVA Group ASA stock holds several negative signals and despite the positive trend, we believe AKVA Group ASA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.605 Sell Candidate Unchanged
Predicted Opening Price for AKVA Group ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr63.87 ( 1.14%) | kr64.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKVA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.07 | 2.27 % | |
| R2 | 65.23 | 0.97 % | ||
| R1 | 64.71 | 0.166 % | ||
| Current price: | 64.60 | |||
| Support | S1 | 63.03 | -2.44 % | |
| S2 | 62.51 | -3.24 % | ||
| S3 | 61.67 | -4.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.00 | 6.81 % | |
| R2 | 67.60 | 4.64 % | ||
| R1 | 65.60 | 1.55 % | ||
| Current price | 64.60 | |||
| Support | S1 | 59.20 | -8.36% | |
| S2 | 57.00 | -11.76% | ||
| S3 | 54.40 | -15.79% |
AKVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | kr1.00 | 1.20% |
| 2 | Apr 07, 2021 | Apr 07, 2021 | Apr 07, 2021 | kr1.00 | 1.11% |
| 3 | Feb 14, 2020 | Feb 24, 2020 | Mar 03, 2020 | kr1.00 | 1.45% |
| 4 | Aug 15, 2019 | Aug 23, 2019 | Sep 02, 2019 | kr1.00 | 1.26% |
| 5 | Feb 15, 2019 | Feb 25, 2019 | Mar 05, 2019 | kr0.750 | 1.11% |
FAQ
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