Bonheur ASA Stock Forecast
Bonheur ASA stock upgraded to Strong Buy Candidate.
(Updated on May 02, 2024)
The Bonheur ASA stock price gained 1.58% on the last trading day (Thursday, 2nd May 2024), rising from kr253.00 to kr257.00. It has now gained 3 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 3.21% from a day low at kr249.00 to a day high of kr257.00. The price has risen in 7 of the last 10 days and is up by 10.3% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately kr3.67 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.49% during the next 3 months and, with a 90% probability hold a price between kr301.29 and kr336.79 at the end of this 3-month period.
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BONHR.OL Signals & Forecast
The Bonheur ASA 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 kr250.71 and kr239.61. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen 0%. 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).
Support, Risk & Stop-loss for Bonheur ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr220.00 and kr209.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Bonheur ASA finds support just below today's level at kr220.00. If this is broken, then the next support from accumulated volume will be at kr209.00 and kr206.50.
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 kr8.00 between high and low, or 3.21%. For the last week, the stock has had daily average volatility of 2.27%.
Our recommended stop-loss: kr247.03 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (BONHR.OL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Bonheur ASA to open at kr254.33, and during the day (based on 14 day Average True Range), to move between kr250.89 and kr263.11, which gives a possible trading interval of +/-kr6.11 (+/-2.38%) up or down from last closing price. If Bonheur ASA takes out the full calculated possible swing range there will be an estimated 4.75% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr220.00, some kr37.00 (14.40%) from the current price of kr257.00, our system finds the risk reward attractive.
Earnings coming up
Bonheur ASA will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for Bonheur ASA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.22% in the first trading day after earnings release.
Is Bonheur ASA stock A Buy?
Bonheur ASA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.606 Strong Buy Candidate Upgraded
Predicted Opening Price for Bonheur ASA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr254.33 ( 1.04%) | kr257.00 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 262.33 | 2.08 % | |
| R2 | 259.28 | 0.89 % | ||
| R1 | 257.39 | 0.151 % | ||
| Current price: | 257.00 | |||
| Support | S1 | 251.28 | -2.23 % | |
| S2 | 249.39 | -2.96 % | ||
| S3 | 246.33 | -4.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 257.00 | |||
| Support | S1 | 220.00 | -14.40% | |
| S2 | 209.00 | -18.68% | ||
| S3 | 206.50 | -19.65% |
BONHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 04, 2024 | kr6.00 | 2.35% |
| 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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