AKVA Group ASA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Tuesday for AKVA Group ASA
(Updated on Jul 02, 2024)
No changes to the price of AKVA Group ASA stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 0% from a day low at kr65.00 to a day high of kr65.00. The price has been going up and down for this period, and there has been a 0.31% gain for the last 2 weeks.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between kr55.67 and kr61.87 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AKVA.OL Signals & Forecast
The AKVA Group 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 kr65.00 and kr64.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 3.17%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Thursday, June 20, 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 Thursday, June 20, 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 AKVA Group ASA stock
AKVA Group ASA finds support from accumulated volume at kr64.80 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 between high and low, or 0%. For the last week the stock has had daily average volatility of 1.97%
Our recommended stop-loss: kr62.40 (-4.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 56 days ago.)
Trading Expectations (AKVA.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect AKVA Group ASA to open at kr65.00, and during the day (based on 14 day Average True Range), to move between kr64.03 and kr65.97, which gives a possible trading interval of +/-kr0.97 (+/-1.50%) up or down from last closing price. If AKVA Group ASA takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr64.80 (0.31%) than the resistance at kr65.60 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is AKVA Group ASA stock A Buy?
AKVA Group ASA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.664 Hold/Accumulate Unchanged
Predicted Opening Price for AKVA Group ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr65.00 ( 0%) | kr65.00 |
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 | |
|---|---|---|
| R3 | 65.00 | - |
| R2 | 65.00 | - |
| R1 | 65.00 | - |
| Price | 65.00 | |
| S1 | 65.00 | - |
| S2 | 65.00 | - |
| S3 | 65.00 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 69.00 | 6.15% |
| R2 | 65.80 | 1.23% |
| R1 | 65.60 | 0.92% |
| Price | 65.00 | |
| S1 | 64.80 | -0.308% |
| S2 | 64.00 | -1.54% |
| S3 | 63.80 | -1.85% |
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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