Black Sea Property AS Stock Forecast

Evaluation of Black Sea Property AS stock downgraded after the last trading session.
(Updated on May 16, 2024)

BSP.OL Signals & Forecast

There are few to no technical positive signals at the moment. The Black Sea Property AS 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 kr0.249 and kr0.261. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -10.45%. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Black Sea Property AS stock

Black Sea Property AS finds support from accumulated volume at kr0.238 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 2.86%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BSP.OL) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Black Sea Property AS to open at kr0.240, and during the day (based on 14 day Average True Range), to move between kr0.218 and kr0.262, which gives a possible trading interval of +/-kr0.0223 (+/-9.30%) up or down from last closing price. If Black Sea Property AS takes out the full calculated possible swing range there will be an estimated 18.60% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr0.238 (0.83%) than the resistance at kr0.272 (13.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Black Sea Property AS stock A Buy?

Black Sea Property AS holds several negative signals and is within a very 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 Hold/Accumulate to a Sell candidate.

Current score: -4.089 Sell Candidate Downgraded

Predicted Opening Price for Black Sea Property AS of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.