BEWi ASA Stock Forecast
BEWi ASA stock price ended at kr29.40 on Tuesday, after gaining 2.08%.
(Updated on Apr 30, 2024)
The BEWi ASA stock price gained 2.08% on the last trading day (Tuesday, 30th Apr 2024), rising from kr28.80 to kr29.40. During the last trading day the stock fluctuated 2.78% from a day low at kr28.80 to a day high of kr29.60. The price has been going up and down for this period, and there has been a -4.23% loss for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 20 thousand shares were bought and sold for approximately kr573.68 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 part of a very 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 kr28.96 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 34.71% during the next 3 months and, with a 90% probability hold a price between kr39.01 and kr49.63 at the end of this 3-month period.
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BEWI.OL Signals & Forecast
There are few to no technical positive signals at the moment. The BEWi 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 kr29.56 and kr30.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -14.41%. Further fall is indicated until a new bottom pivot has been found. 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 BEWi ASA stock
BEWi ASA finds support from accumulated volume at kr29.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.80 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 3.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BEWI.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect BEWi ASA to open at kr29.27, and during the day (based on 14 day Average True Range), to move between kr28.21 and kr30.59, which gives a possible trading interval of +/-kr1.19 (+/-4.05%) up or down from last closing price. If BEWi ASA takes out the full calculated possible swing range there will be an estimated 8.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr29.60 (0.68%) than the support at kr29.00 (1.36%), 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 BEWi ASA stock A Buy?
The BEWi ASA stock holds several negative signals and despite the positive trend, we believe BEWi ASA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.172 Sell Candidate Unchanged
Predicted Opening Price for BEWi ASA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr29.27 ( 0.454%) | kr29.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEWI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.07 | 2.27 % | |
| R2 | 29.76 | 1.23 % | ||
| R1 | 29.57 | 0.586 % | ||
| Current price: | 29.40 | |||
| Support | S1 | 28.96 | -1.49 % | |
| S2 | 28.77 | -2.14 % | ||
| S3 | 28.47 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.10 | 9.18 % | |
| R2 | 31.45 | 6.97 % | ||
| R1 | 29.60 | 0.680 % | ||
| Current price | 29.40 | |||
| Support | S1 | 29.00 | -1.36% | |
| S2 | 27.00 | -8.16% | ||
| S3 | 25.20 | -14.29% |
BEWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 10, 2022 | Nov 10, 2022 | Nov 10, 2022 | kr1.10 | 2.24% |
| 2 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | kr1.10 | 1.45% |
| 3 | Jun 04, 2021 | Jun 04, 2021 | Jun 04, 2021 | kr0.420 | 1.52% |
FAQ
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