Arribatec Solutions ASA Stock Forecast
Stronger technical forecast for Arribatec Solutions ASA stock price after Thursday trading.
(Updated on May 16, 2024)
The Arribatec Solutions ASA stock price gained 3.50% on the last trading day (Thursday, 16th May 2024), rising from kr3.43 to kr3.55. During the last trading day the stock fluctuated 5.51% from a day low at kr3.45 to a day high of kr3.64. The price has fallen in 5 of the last 10 days and is down by -5.33% for this period. Volume fell on the last day by -148 thousand shares and in total, 138 thousand shares were bought and sold for approximately kr488.38 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr3.42 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.75% during the next 3 months and, with a 90% probability hold a price between kr3.09 and kr3.68 at the end of this 3-month period.
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ARR.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 3.50%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Arribatec Solutions 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 kr3.55 and kr3.92. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Arribatec Solutions ASA stock
Arribatec Solutions ASA finds support from accumulated volume at kr3.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr0.190 between high and low, or 5.51%. For the last week the stock has had daily average volatility of 5.49%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARR.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Arribatec Solutions ASA to open at kr3.55, and during the day (based on 14 day Average True Range), to move between kr3.35 and kr3.75, which gives a possible trading interval of +/-kr0.199 (+/-5.60%) up or down from last closing price. If Arribatec Solutions ASA takes out the full calculated possible swing range there will be an estimated 11.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr3.50 (1.41%) than the resistance at kr3.73 (5.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Arribatec Solutions ASA stock A Buy?
Arribatec Solutions ASA holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.857 Sell Candidate Upgraded
Predicted Opening Price for Arribatec Solutions ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr3.55 ( 0.0939%) | kr3.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.74 | 5.26 % | |
| R2 | 3.66 | 3.21 % | ||
| R1 | 3.62 | 1.95 % | ||
| Current price: | 3.55 | |||
| Support | S1 | 3.47 | -2.14 % | |
| S2 | 3.43 | -3.40 % | ||
| S3 | 3.36 | -5.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.00 | 12.68 % | |
| R2 | 3.75 | 5.63 % | ||
| R1 | 3.73 | 5.07 % | ||
| Current price | 3.55 | |||
| Support | S1 | 3.50 | -1.41% | |
| S2 | 3.48 | -1.97% | ||
| S3 | 3.43 | -3.38% |
ARR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 24, 2020 | Nov 24, 2020 | Nov 24, 2020 | kr5.46 | 278.58% |
| 2 | Oct 30, 2020 | Oct 30, 2020 | Oct 30, 2020 | kr0.556 | 30.05% |
| 3 | Oct 18, 2016 | Oct 18, 2016 | Oct 18, 2016 | kr1,215.66 | 3,531.85% |
| 4 | Sep 20, 2016 | Sep 20, 2016 | Sep 20, 2016 | kr3,648.36 | 29,446.04% |
| 5 | May 23, 2016 | May 23, 2016 | May 23, 2016 | kr2,615.81 | 3,958.55% |
FAQ
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