Golden Energy Offshore Services AS Stock Forecast
Golden Energy Offshore Services AS stock price up more than 5.78% on Tuesday
(Updated on Jul 02, 2024)
The Golden Energy Offshore Services AS stock price gained 5.78% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr29.50 to kr31.21. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.60% from a day low at kr29.00 to a day high of kr31.21. The price has fallen in 5 of the last 10 days but is still up by 4% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 4 thousand more shares were traded than the day before. In total, 13 thousand shares were bought and sold for approximately kr393.81 thousand.
The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 435.29% during the next 3 months and, with a 90% probability hold a price between kr123.70 and kr280.47 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 kr28.81 and kr26.81. A breakdown below any of these levels will issue sell signals. Golden Energy Offshore Services AS 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. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -12.10%. 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 Golden Energy Offshore Services AS stock
Golden Energy Offshore Services AS finds support from accumulated volume at kr30.01 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 kr2.21 between high and low, or 7.60%. For the last week, the stock has had daily average volatility of 6.31%.
Our recommended stop-loss: kr29.36 (-5.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (GEOS.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Golden Energy Offshore Services AS to open at kr30.47, and during the day (based on 14 day Average True Range), to move between kr29.40 and kr33.01, which gives a possible trading interval of +/-kr1.80 (+/-5.77%) 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 11.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr30.01 (3.85%) than the resistance at kr32.98 (5.69%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: 4.693 Buy Candidate Unchanged
Predicted Opening Price for Golden Energy Offshore Services AS of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr30.47 ( 2.36%) | kr31.21 |
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 | |
|---|---|---|
| R3 | 32.68 | 4.71% |
| R2 | 31.83 | 2.01% |
| R1 | 31.31 | 0.344% |
| Price | 31.21 | |
| S1 | 29.63 | -5.05% |
| S2 | 29.11 | -6.72% |
| S3 | 28.27 | -9.42% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.25 | 12.96% |
| R2 | 35.01 | 12.19% |
| R1 | 32.98 | 5.69% |
| Price | 31.21 | |
| S1 | 30.01 | -3.85% |
| S2 | 28.50 | -8.67% |
| S3 | 27.75 | -11.07% |
FAQ
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