Awilco LNG AS Stock Forecast
Awilco LNG AS stock price down 0.251% on Wednesday
(Updated on May 08, 2024)
The Awilco LNG AS stock price fell by -0.251% on the last day (Wednesday, 8th May 2024) from kr7.98 to kr7.96. During the last trading day the stock fluctuated 2.15% from a day low at kr7.90 to a day high of kr8.07. The price has risen in 7 of the last 10 days and is up by 12.59% over the past 2 weeks. Volume has increased on the last day by 63 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 155 thousand shares were bought and sold for approximately kr1.23 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr8.21 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Awilco LNG AS stock with a 90% probability to be traded between kr6.80 and kr8.31 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALNG.OL Signals & Forecast
The Awilco LNG AS 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 kr7.91 and kr7.21. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen -1.73%. Further fall is indicated until a new bottom pivot has been found. Awilco LNG AS gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
A sell signal from a double top formation was found on Monday, March 11, 2024 and based on theory for this formation the price should fall by -11.81% to kr7.02 within 6 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Awilco LNG AS stock
Awilco LNG AS finds support from accumulated volume at kr7.92 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.170 between high and low, or 2.15%. For the last week, the stock has had daily average volatility of 2.81%.
Our recommended stop-loss: kr7.71 (-3.15%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (ALNG.OL) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Awilco LNG AS to open at kr7.98, and during the day (based on 14 day Average True Range), to move between kr7.71 and kr8.21, which gives a possible trading interval of +/-kr0.247 (+/-3.10%) up or down from last closing price. If Awilco LNG AS takes out the full calculated possible swing range there will be an estimated 6.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr7.97 (0.13%) than the support at kr7.92 (0.50%), 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 Awilco LNG AS stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Awilco LNG AS stock to perform well in the short-term period.
Current score: 1.857 Buy Candidate Unchanged
Predicted Opening Price for Awilco LNG AS of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr7.98 ( 0.209%) | kr7.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALNG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.15 | 2.35 % | |
| R2 | 8.08 | 1.53 % | ||
| R1 | 8.04 | 1.03 % | ||
| Current price: | 7.96 | |||
| Support | S1 | 7.91 | -0.606 % | |
| S2 | 7.87 | -1.11 % | ||
| S3 | 7.81 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.15 | 2.39 % | |
| R2 | 8.10 | 1.76 % | ||
| R1 | 7.97 | 0.126 % | ||
| Current price | 7.96 | |||
| Support | S1 | 7.92 | -0.503% | |
| S2 | 7.19 | -9.67% | ||
| S3 | 7.01 | -11.93% |
ALNG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Apr 03, 2024 | kr1.00 | 14.29% |
| 2 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | kr0 | 0% |
| 3 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | kr0.250 | 2.96% |
| 4 | May 31, 2023 | May 31, 2023 | May 31, 2023 | kr0.500 | 5.59% |
| 5 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | kr0.500 | 5.71% |
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