Golden Energy Offshore Services AS Stock Forecast
Golden Energy Offshore Services AS stock price ended at kr1.85 on Friday, after losing 0%.
(Updated on Apr 26, 2024)
No changes to the price of Golden Energy Offshore Services AS stock on the last trading day (Friday, 26th Apr 2024). During the last trading day the stock fluctuated 0.541% from a day low at kr1.85 to a day high of kr1.86. The price has risen in 6 of the last 10 days and is up by 10.12% over the past 2 weeks.
The stock lies in the upper part of a wide and strong rising 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 kr1.88 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 22.49% during the next 3 months and, with a 90% probability hold a price between kr2.03 and kr2.30 at the end of this 3-month period.
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GEOS.OL Signals & Forecast
The Golden Energy Offshore Services AS 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 kr1.77 and kr1.64. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. 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 Wednesday, April 24, 2024, and so far it has fallen -0.80%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Golden Energy Offshore Services AS stock
Golden Energy Offshore Services AS finds support from accumulated volume at kr1.83 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 kr0.0100 between high and low, or 0.541%. For the last week, the stock has had daily average volatility of 4.37%.
Our recommended stop-loss: kr1.78 (-3.79%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (GEOS.OL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Golden Energy Offshore Services AS to open at kr1.85, and during the day (based on 14 day Average True Range), to move between kr1.77 and kr1.93, which gives a possible trading interval of +/-kr0.0759 (+/-4.10%) up or down from last closing price. If Golden Energy Offshore Services AS takes out the full calculated possible swing range there will be an estimated 8.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr1.87 (0.81%) than the support at kr1.83 (1.35%), 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 Golden Energy Offshore Services AS stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Golden Energy Offshore Services AS stock to perform well in the short-term.
Current score: 2.221 Buy Candidate Unchanged
Predicted Opening Price for Golden Energy Offshore Services AS of Monday, April 29, 2024
Fair opening price April 29, 2024 | Current price |
---|---|
kr1.85 ( 0.180%) | kr1.85 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GEOS.OL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1.86 | 0.721 % | |
R2 | 1.86 | 0.514 % | ||
R1 | 1.86 | 0.387 % | ||
Current price: | 1.85 | |||
Support | S1 | 1.85 | -0.0263 % | |
S2 | 1.85 | -0.154 % | ||
S3 | 1.84 | -0.360 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 1.87 | 0.81 % | ||
Current price | 1.85 | |||
Support | S1 | 1.83 | -1.35% | |
S2 | 1.54 | -16.54% | ||
S3 | 1.42 | -23.03% |
FAQ
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