Europris ASA Stock Forecast
Evaluation of Europris ASA stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Europris ASA stock price gained 0.139% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr71.80 to kr71.90. During the last trading day the stock fluctuated 1.05% from a day low at kr71.70 to a day high of kr72.45. The price has fallen in 5 of the last 10 days and is down by -4.32% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 12 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately kr4.85 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr73.91 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -8.86% during the next 3 months and, with a 90% probability hold a price between kr56.50 and kr67.36 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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EPR.OL Signals & Forecast
The Europris ASA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr72.39. On a fall, the stock will find some support from the long-term average at approximately kr71.53. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, June 17, 2024, and so far it has fallen -4.32%. 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).
Support, Risk & Stop-loss for Europris ASA stock
Europris ASA finds support from accumulated volume at kr69.85 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 kr0.750 between high and low, or 1.05%. For the last week the stock has had daily average volatility of 1.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EPR.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Europris ASA to open at kr72.02, and during the day (based on 14 day Average True Range), to move between kr70.45 and kr73.35, which gives a possible trading interval of +/-kr1.45 (+/-2.02%) up or down from last closing price. If Europris ASA takes out the full calculated possible swing range there will be an estimated 4.04% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr72.25 (0.49%) than the support at kr69.85 (2.85%), 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 Europris ASA stock A Buy?
Europris ASA holds several negative signals and we believe that 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: -1.396 Sell Candidate Downgraded
Predicted Opening Price for Europris ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr72.02 ( 0.162%) | kr71.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EPR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 72.77 | 1.21% |
| R2 | 72.48 | 0.81% |
| R1 | 72.30 | 0.561% |
| Price | 71.90 | |
| S1 | 71.73 | -0.236% |
| S2 | 71.55 | -0.482% |
| S3 | 71.27 | -0.88% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 80.70 | 12.24% |
| R2 | 76.90 | 6.95% |
| R1 | 72.25 | 0.487% |
| Price | 71.90 | |
| S1 | 69.85 | -2.85% |
| S2 | 69.50 | -3.34% |
| S3 | 68.70 | -4.45% |
EPR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 13, 2024 | kr3.25 | 4.61% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr1.00 | 1.40% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr1.50 | 2.81% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | kr0.500 | 0.94% |
| 5 | Jan 30, 2020 | Apr 30, 2020 | May 08, 2020 | kr1.95 | 5.17% |
FAQ
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