Bonheur ASA Stock Forecast
Bonheur ASA stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Bonheur ASA stock price fell by -1.86% on the last day (Tuesday, 2nd Jul 2024) from kr242.00 to kr237.50. During the last trading day the stock fluctuated 4.48% from a day low at kr234.50 to a day high of kr245.00. The price has risen in 7 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -34 thousand shares and in total, 7 thousand shares were bought and sold for approximately kr1.64 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.76% during the next 3 months and, with a 90% probability hold a price between kr207.81 and kr232.88 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BONHR.OL Signals & Forecast
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. The Bonheur 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 kr239.00 and kr239.99. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A buy signal from a double bottom formation was found on Friday, May 03, 2024 and based on theory for this formation the price should go up by 1.63% to kr241.36 within 11 trading days since signal was issued (Thursday, May 23, 2024).
Support, Risk & Stop-loss for Bonheur ASA stock
Bonheur ASA finds support from accumulated volume at kr234.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr10.50 (4.48%) between high and low. For the last week, the stock has had daily average volatility of 2.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BONHR.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Bonheur ASA to open at kr239.00, and during the day (based on 14 day Average True Range), to move between kr231.02 and kr243.98, which gives a possible trading interval of +/-kr6.48 (+/-2.73%) up or down from last closing price. If Bonheur ASA takes out the full calculated possible swing range there will be an estimated 5.45% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr238.00 (0.21%) than the support at kr234.00 (1.47%), 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 Bonheur ASA stock A Buy?
Bonheur 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Sell candidate.
Current score: -4.443 Sell Candidate Downgraded
Predicted Opening Price for Bonheur ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr239.00 ( 0.632%) | kr237.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BONHR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 249.50 | 5.05% |
| R2 | 245.49 | 3.36% |
| R1 | 243.01 | 2.32% |
| Price | 237.50 | |
| S1 | 234.99 | -1.06% |
| S2 | 232.51 | -2.10% |
| S3 | 228.50 | -3.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 251.50 | 5.89% |
| R2 | 242.00 | 1.89% |
| R1 | 238.00 | 0.211% |
| Price | 237.50 | |
| S1 | 234.00 | -1.47% |
| S2 | 232.00 | -2.32% |
| S3 | 230.00 | -3.16% |
BONHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 04, 2024 | kr6.00 | 2.46% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | kr5.00 | 1.82% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | kr4.30 | 1.16% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | kr4.00 | 1.69% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | kr4.30 | 1.95% |
FAQ
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