Borregaard ASA Stock Forecast
Green day on Thursday for Borregaard ASA
(Updated on May 16, 2024)
The Borregaard ASA stock price gained 0.102% on the last trading day (Thursday, 16th May 2024), rising from kr196.40 to kr196.60. During the last trading day the stock fluctuated 1.44% from a day low at kr193.80 to a day high of kr196.60. The price has risen in 6 of the last 10 days and is up by 3.26% over the past 2 weeks. Volume fell on the last day by -29 thousand shares and in total, 28 thousand shares were bought and sold for approximately kr5.51 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 middle of a weak 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 7.23% during the next 3 months and, with a 90% probability hold a price between kr204.46 and kr221.40 at the end of this 3-month period.
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BRG.OL Signals & Forecast
Mostly positive signals in the chart today. The Borregaard 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 kr193.97 and kr191.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 4.69%. 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.
Support, Risk & Stop-loss for Borregaard ASA stock
Borregaard ASA finds support from accumulated volume at kr191.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr2.80 between high and low, or 1.44%. For the last week the stock has had daily average volatility of 1.75%.
Our recommended stop-loss: kr187.65 (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (BRG.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Borregaard ASA to open at kr195.67, and during the day (based on 14 day Average True Range), to move between kr192.69 and kr200.51, which gives a possible trading interval of +/-kr3.91 (+/-1.99%) up or down from last closing price. If Borregaard ASA takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr200.00 (1.73%) than the support at kr191.80 (2.44%), 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 Borregaard ASA stock A Buy?
Borregaard ASA holds several positive signals and is within a weak 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.
Current score: 5.525 Strong Buy Candidate Unchanged
Predicted Opening Price for Borregaard ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr195.67 ( 0.475%) | kr196.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 198.47 | 0.95 % | |
| R2 | 197.40 | 0.405 % | ||
| R1 | 196.74 | 0.0693 % | ||
| Current price: | 196.60 | |||
| Support | S1 | 194.60 | -1.02 % | |
| S2 | 193.94 | -1.35 % | ||
| S3 | 192.87 | -1.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 200.00 | 1.73 % | ||
| Current price | 196.60 | |||
| Support | S1 | 191.80 | -2.44% | |
| S2 | 187.00 | -4.88% | ||
| S3 | 183.80 | -6.51% |
BRG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 22, 2024 | kr3.75 | 1.96% |
| 2 | Apr 19, 2023 | Apr 19, 2023 | Apr 19, 2023 | kr3.25 | 1.87% |
| 3 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | kr2.25 | 1.25% |
| 4 | Apr 15, 2021 | Apr 15, 2021 | Apr 15, 2021 | kr2.50 | 1.37% |
| 5 | Feb 05, 2020 | Jun 16, 2020 | Jun 24, 2020 | kr2.30 | 2.21% |
FAQ
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