Europris ASA Stock Forecast
Red day on Thursday for Europris ASA stock after losing 0.571%
(Updated on May 16, 2024)
The Europris ASA stock price fell by -0.571% on the last day (Thursday, 16th May 2024) from kr70.05 to kr69.65. During the last trading day the stock fluctuated 1.73% from a day low at kr69.50 to a day high of kr70.70. The price has risen in 6 of the last 10 days but is still down by -0.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -93 thousand shares and in total, 142 thousand shares were bought and sold for approximately kr9.90 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Europris ASA stock with a 90% probability to be traded between kr65.87 and kr80.89 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.
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EPR.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 4.42%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Europris ASA 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 kr70.06 and kr75.15. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Europris ASA stock
Europris ASA finds support from accumulated volume at kr69.50 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 much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr1.20 between high and low, or 1.73%. For the last week, the stock has had daily average volatility of 1.84%.
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 Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Europris ASA to open at kr69.95, and during the day (based on 14 day Average True Range), to move between kr67.83 and kr71.47, which gives a possible trading interval of +/-kr1.82 (+/-2.61%) up or down from last closing price. If Europris ASA takes out the full calculated possible swing range there will be an estimated 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr69.50 (0.22%) than the resistance at kr70.00 (0.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Europris ASA stock A Buy?
Europris ASA holds several negative signals and is within a 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.
Current score: -2.579 Sell Candidate Unchanged
Predicted Opening Price for Europris ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr69.95 ( 0.431%) | kr69.65 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 71.15 | 2.15 % | |
| R2 | 70.69 | 1.50 % | ||
| R1 | 70.41 | 1.09 % | ||
| Current price: | 69.65 | |||
| Support | S1 | 69.49 | -0.227 % | |
| S2 | 69.21 | -0.634 % | ||
| S3 | 68.75 | -1.29 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.90 | 10.41 % | |
| R2 | 71.50 | 2.66 % | ||
| R1 | 70.00 | 0.503 % | ||
| Current price | 69.65 | |||
| Support | S1 | 69.50 | -0.215% | |
| S2 | 68.70 | -1.36% | ||
| S3 | 68.25 | -2.01% |
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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