Entra ASA Stock Forecast
Entra ASA stock price ended at kr112.00 on Thursday, after gaining 1.82%.
(Updated on May 16, 2024)
The Entra ASA stock price gained 1.82% on the last trading day (Thursday, 16th May 2024), rising from kr110.00 to kr112.00. During the last trading day the stock fluctuated 2.54% from a day low at kr110.20 to a day high of kr113.00. The price has risen in 7 of the last 10 days and is up by 9.16% over the past 2 weeks. Volume fell on the last day by -56 thousand shares and in total, 116 thousand shares were bought and sold for approximately kr13.04 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr112.50 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Entra ASA stock with a 90% probability to be traded between kr97.82 and kr110.89 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners. 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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ENTRA.OL Signals & Forecast
Mostly positive signals in the chart today. The Entra 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 kr109.00 and kr107.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.45%. 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. The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Entra ASA stock
Entra ASA finds support from accumulated volume at kr106.60 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 kr2.80 between high and low, or 2.54%. For the last week, the stock has had daily average volatility of 2.43%.
Our recommended stop-loss: kr108.24 (-3.36%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (ENTRA.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Entra ASA to open at kr111.73, and during the day (based on 14 day Average True Range), to move between kr109.16 and kr114.84, which gives a possible trading interval of +/-kr2.84 (+/-2.53%) up or down from last closing price. If Entra ASA takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr112.40 (0.36%) than the support at kr106.60 (4.82%), 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 Entra ASA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Entra ASA stock to perform well in the short-term period.
Current score: 1.518 Buy Candidate Unchanged
Predicted Opening Price for Entra ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr111.73 ( 0.238%) | kr112.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENTRA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.53 | 2.26 % | |
| R2 | 113.46 | 1.31 % | ||
| R1 | 112.80 | 0.717 % | ||
| Current price: | 112.00 | |||
| Support | S1 | 110.66 | -1.19 % | |
| S2 | 110.00 | -1.78 % | ||
| S3 | 108.93 | -2.74 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 113.30 | 1.16 % | |
| R2 | 112.70 | 0.625 % | ||
| R1 | 112.40 | 0.357 % | ||
| Current price | 112.00 | |||
| Support | S1 | 106.60 | -4.82% | |
| S2 | 103.20 | -7.86% | ||
| S3 | 102.80 | -8.21% |
ENTRA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr2.50 | 2.44% |
| 2 | Oct 25, 2022 | Oct 25, 2022 | Oct 25, 2022 | kr2.60 | 2.84% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | kr2.60 | 1.65% |
| 4 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | kr2.50 | 1.36% |
| 5 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | kr2.50 | 1.32% |
FAQ
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