Euronav NV Stock Forecast
Stronger technical forecast for Euronav NV stock price after Friday trading.
(Updated on Apr 26, 2024)
The Euronav NV stock price gained 2.26% on the last trading day (Friday, 26th Apr 2024), rising from 15.52€ to 15.87€. During the last trading day the stock fluctuated 2.19% from a day low at 15.53€ to a day high of 15.87€. The price has been going up and down for this period, and there has been a 2.72% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 14 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately 921.86€ thousand.
Given the current short-term trend, the stock is expected to fall -9.07% during the next 3 months and, with a 90% probability hold a price between 11.28€ and 14.43€ 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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EURN.BB Signals & Forecast
The Euronav NV 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 15.46€ and 15.37€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 21.70%. Further rise is indicated until a new top pivot has been found. Euronav NV has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Euronav NV stock
Euronav NV finds support from accumulated volume at 15.60€ 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 0.340€ between high and low, or 2.19%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: 15.26€ (-3.84%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (EURN.BB) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Euronav NV to open at 15.76€, and during the day (based on 14 day Average True Range), to move between 15.57€ and 16.17€, which gives a possible trading interval of +/-0.301€ (+/-1.89%) up or down from last closing price. If Euronav NV takes out the full calculated possible swing range there will be an estimated 3.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 15.60€ (1.70%) than the resistance at 16.30€ (2.71%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Euronav NV stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.577 Buy Candidate Upgraded
Predicted Opening Price for Euronav NV of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| 15.76€ ( 0.714%) | 15.87€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EURN.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.10 | 1.43 % | |
| R2 | 15.97 | 0.610 % | ||
| R1 | 15.89 | 0.104 % | ||
| Current price: | 15.87 | |||
| Support | S1 | 15.63 | -1.53 % | |
| S2 | 15.55 | -2.04 % | ||
| S3 | 15.42 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 16.47 | 3.75 % | |
| R2 | 16.38 | 3.18 % | ||
| R1 | 16.30 | 2.71 % | ||
| Current price | 15.87 | |||
| Support | S1 | 15.60 | -1.70% | |
| S2 | 15.10 | -4.85% | ||
| S3 | 13.96 | -12.04% |
EURN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 12, 2023 | Dec 12, 2023 | Dec 12, 2023 | 0€ | 0% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | 0.80€ | 0% |
| 3 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.700€ | 0% |
| 4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 1.10€ | 0% |
| 5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | 0.0300€ | 0% |
FAQ
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