ayfie Group AS Stock Forecast
High volatility in ayfie Group AS stock price on Friday which ended trading at kr8.04
(Updated on May 31, 2024)
The ayfie Group AS stock price gained 0.752% on the last trading day (Friday, 31st May 2024), rising from kr7.98 to kr8.04. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 14.40% from a day low at kr7.64 to a day high of kr8.74. The price has risen in 7 of the last 10 days and is up by 25.63% over the past 2 weeks. Volume fell on the last day by -483 thousand shares and in total, 553 thousand shares were bought and sold for approximately kr4.45 million. 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 upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr8.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 16.81% during the next 3 months and, with a 90% probability hold a price between kr7.05 and kr9.79 at the end of this 3-month period.
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AYFIE.OL Signals & Forecast
The ayfie Group 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 kr6.74 and kr6.22. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 53.44%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Monday, April 08, 2024 in the long-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 12 Months
The stock had a Golden Star Signal on Monday, April 08, 2024 in the long-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 ayfie Group AS stock
ayfie Group AS finds support from accumulated volume at kr7.98 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 a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr1.10 between high and low, or 14.40%. For the last week, the stock has had daily average volatility of 13.30%.
Our recommended stop-loss: kr7.80 (-3.00%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (AYFIE.OL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect ayfie Group AS to open at kr8.14, and during the day (based on 14 day Average True Range), to move between kr7.40 and kr8.68, which gives a possible trading interval of +/-kr0.636 (+/-7.92%) up or down from last closing price. If ayfie Group AS takes out the full calculated possible swing range there will be an estimated 15.83% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr7.98, some kr0.0600 (0.75%) from the current price of kr8.04, our system finds the risk reward attractive.
Is ayfie Group AS stock A Buy?
ayfie Group AS 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: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for ayfie Group AS of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr8.14 ( 1.24%) | kr8.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AYFIE.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 9.24 | 14.93 % | |
| R2 | 8.82 | 9.70 % | ||
| R1 | 8.56 | 6.47 % | ||
| Current price: | 8.04 | |||
| Support | S1 | 7.72 | -3.98 % | |
| S2 | 7.46 | -7.21 % | ||
| S3 | 7.04 | -12.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.04 | |||
| Support | S1 | 7.98 | -0.746% | |
| S2 | 7.29 | -9.34% | ||
| S3 | 6.36 | -20.90% |
FAQ
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