Endur ASA Stock Forecast
Green day on Tuesday for Endur ASA
(Updated on Jul 02, 2024)
The Endur ASA stock price gained 0.88% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr56.50 to kr57.00. During the last trading day the stock fluctuated 2.46% from a day low at kr57.00 to a day high of kr58.40. The price has been going up and down for this period, and there has been a 2.89% gain for the last 2 weeks. Volume fell on the last day by -126 thousand shares and in total, 68 thousand shares were bought and sold for approximately kr3.90 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 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 16.65% during the next 3 months and, with a 90% probability hold a price between kr59.81 and kr68.53 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENDUR.OL Signals & Forecast
Mostly positive signals in the chart today. The Endur 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 kr55.19 and kr52.59. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 22.19%. 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 Endur ASA stock
Endur ASA finds support from accumulated volume at kr55.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr1.40 between high and low, or 2.46%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: kr55.16 (-3.22%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 55 days ago.)
Trading Expectations (ENDUR.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Endur ASA to open at kr57.47, and during the day (based on 14 day Average True Range), to move between kr55.22 and kr58.78, which gives a possible trading interval of +/-kr1.78 (+/-3.12%) up or down from last closing price. If Endur ASA takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr55.70, some kr1.30 (2.28%) from the current price of kr57.00, our system finds the risk reward attractive.
Is Endur ASA stock A Buy?
Endur 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.
Current score: 8.252 Strong Buy Candidate Unchanged
Predicted Opening Price for Endur ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr57.47 ( 0.82%) | kr57.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENDUR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 58.87 | 3.27% |
| R2 | 58.33 | 2.34% |
| R1 | 58.00 | 1.76% |
| Price | 57.00 | |
| S1 | 56.93 | -0.120% |
| S2 | 56.60 | -0.699% |
| S3 | 56.07 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 57.00 | |
| S1 | 55.70 | -2.28% |
| S2 | 54.00 | -5.26% |
| S3 | 50.80 | -10.88% |
FAQ
Click here for our free guide on how to buy Endur ASA Stock.
