RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of EIK.IC
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Eik Fasteignafelag Hf stock price ended at 10.80 Íkr on Wednesday, after gaining 0.93%.
(Updated on Mar 27, 2024)

Hold candidate since Mar 26, 2024 Gain 0.93% PDF

The Eik Fasteignafelag Hf stock price gained 0.93% on the last trading day (Wednesday, 27th Mar 2024), rising from 10.70 Íkr to 10.80 Íkr. During the last trading day the stock fluctuated 0.93% from a day low at 10.70 Íkr to a day high of 10.80 Íkr. The price has risen in 5 of the last 10 days and is up by 1.89% 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, 619 thousand more shares were traded than the day before. In total, 2 million shares were bought and sold for approximately 23.42 Íkr million.

The stock lies in the middle of a 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 -14.72% during the next 3 months and, with a 90% probability hold a price between 8.82 Íkr and 9.44 Íkr 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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EIK.IC Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 2.86%. 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 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. The Eik Fasteignafelag Hf stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 11.21 Íkr. On a fall, the stock will find some support from the short-term average at 10.71 Íkr. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.

Support, Risk & Stop-loss for Eik Fasteignafelag Hf stock

Eik Fasteignafelag Hf finds support from accumulated volume at 10.70 Íkr 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 0.100 Íkr between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.04%.

Our recommended stop-loss: 10.23 Íkr (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)

Trading Expectations (EIK.IC) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect Eik Fasteignafelag Hf to open at 10.77 Íkr, and during the day (based on 14 day Average True Range), to move between 10.62 Íkr and 10.98 Íkr, which gives a possible trading interval of +/-0.183 Íkr (+/-1.70%) up or down from last closing price. If Eik Fasteignafelag Hf takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 10.90 Íkr (0.93%) than the support at 10.70 Íkr (0.93%), 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 Eik Fasteignafelag Hf stock A Buy?

Eik Fasteignafelag Hf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.086 Hold/Accumulate Unchanged

Predicted Opening Price for Eik Fasteignafelag Hf of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
10.77 Íkr ( 0.309%) 10.80 Íkr

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

Trading levels for EIK.IC

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 10.87 0.617 %
R2 10.83 0.264 %
R1 10.80 0.0451 %
Current price: 10.80
Support S1 10.73 -0.662 %
S2 10.70 -0.88 %
S3 10.67 -1.23 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 12.50 15.74 %
R2 12.00 11.11 %
R1 10.90 0.93 %
Current price 10.80
Support S1 10.70 -0.93%
S2 10.60 -1.85%
S3 10.50 -2.78%

EIK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 31, 2023 Mar 31, 2023 Mar 31, 2023 0.590 Íkr 5.09%
2 Apr 27, 2021 Apr 27, 2021 Apr 27, 2021 0.190 Íkr 1.79%
3 Mar 23, 2018 Mar 23, 2018 Mar 23, 2018 0.264 Íkr 2.69%
4 Mar 30, 2017 Mar 30, 2017 Mar 30, 2017 0.270 Íkr 2.35%
5 Apr 13, 2016 Apr 13, 2016 Apr 13, 2016 0.237 Íkr 2.76%

FAQ

What is the symbol for Eik Fasteignafelag Hf Stock and on which exchange is it traded?
The symbol for Eik Fasteignafelag Hf is EIK.IC and it is traded on the OMXI (Iceland Stock Exchange).

Should I buy or sell Eik Fasteignafelag Hf Stock?
Eik Fasteignafelag Hf holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

How to buy Eik Fasteignafelag Hf Stock?
Eik Fasteignafelag Hf Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Eik Fasteignafelag Hf Stock.

What's the current price of Eik Fasteignafelag Hf Stock?
As of the end of day on the 2024-03-27, the price of an Eik Fasteignafelag Hf (EIK.IC) share was 10.80 Íkr.

What is the 52-week high and low for Eik Fasteignafelag Hf Stock?
The 52-week high for Eik Fasteignafelag Hf Stock is 13.10 Íkr and the 52-week low is 10.40 Íkr.

What is the market capitalization of Eik Fasteignafelag Hf Stock?
As of the 2024-03-27, the market capitalization of Eik Fasteignafelag Hf is 36.541B.
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About Eik Fasteignafelag Hf

Eik Fasteignafelag Hf Eik fasteignafélag hf. invests in, owns, operates, and leases business premises. It operates through two segments: Investment Properties and Hotel. The company also operates hotels. Eik fasteignafélag hf. was founded in 2002 is headquartered in Reykjavík, Iceland.... EIK.IC Profile

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