Austevoll Seafood ASA Stock Forecast
Green day on Thursday for Austevoll Seafood ASA
(Updated on Jun 06, 2024)
The Austevoll Seafood ASA stock price gained 0.414% on the last trading day (Thursday, 6th Jun 2024), rising from kr84.60 to kr84.95. During the last trading day the stock fluctuated 1.79% from a day low at kr83.75 to a day high of kr85.25. The price has been going up and down for this period, and there has been a -8.46% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 39 thousand more shares were traded than the day before. In total, 204 thousand shares were bought and sold for approximately kr17.33 million.
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 kr84.36 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 11.63% during the next 3 months and, with a 90% probability hold a price between kr94.17 and kr109.57 at the end of this 3-month period.
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AUSS.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 04, 2024, and so far it has risen 1.13%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Austevoll Seafood 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 kr86.22 and kr87.98. 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).
Support, Risk & Stop-loss for Austevoll Seafood ASA stock
Austevoll Seafood ASA finds support from accumulated volume at kr84.70 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 kr1.50 between high and low, or 1.79%. For the last week, the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AUSS.OL) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Austevoll Seafood ASA to open at kr84.65, and during the day (based on 14 day Average True Range), to move between kr82.77 and kr87.13, which gives a possible trading interval of +/-kr2.18 (+/-2.56%) up or down from last closing price. If Austevoll Seafood ASA takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr84.70 (0.29%) than the resistance at kr90.50 (6.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Austevoll Seafood ASA stock A Buy?
The Austevoll Seafood ASA stock holds several negative signals and despite the positive trend, we believe Austevoll Seafood ASA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.436 Sell Candidate Unchanged
Predicted Opening Price for Austevoll Seafood ASA of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| kr84.65 ( 0.353%) | kr84.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AUSS.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 86.15 | 1.41% |
| R2 | 85.58 | 0.738% |
| R1 | 85.22 | 0.321% |
| Price | 84.95 | |
| S1 | 84.08 | -1.03% |
| S2 | 83.72 | -1.44% |
| S3 | 83.15 | -2.12% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 96.00 | 13.01% |
| R2 | 92.80 | 9.24% |
| R1 | 90.50 | 6.53% |
| Price | 84.95 | |
| S1 | 84.70 | -0.294% |
| S2 | 83.10 | -2.18% |
| S3 | 82.50 | -2.88% |
AUSS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jul 01, 2024 | kr4.50 | 5.30% |
| 2 | Apr 02, 2024 | Apr 02, 2024 | May 01, 2024 | kr4.50 | 5.05% |
| 3 | May 26, 2023 | May 26, 2023 | May 26, 2023 | kr5.50 | 6.37% |
| 4 | May 25, 2022 | May 25, 2022 | May 25, 2022 | kr4.50 | 3.44% |
| 5 | May 28, 2021 | May 28, 2021 | May 28, 2021 | kr3.50 | 3.20% |
FAQ
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