Havila Shipping ASA Stock Forecast
Volatile ride for Havila Shipping ASA stock price on Monday moving between kr6.15 and kr6.77
(Updated on Jun 17, 2024)
The Havila Shipping ASA stock price fell by -7.68% on the last day (Monday, 17th Jun 2024) from kr6.77 to kr6.25. During the last trading day the stock fluctuated 10.08% from a day low at kr6.15 to a day high of kr6.77. The price has risen in 6 of the last 10 days and is up by 2.12% over the past 2 weeks. 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 -11 thousand shares and in total, 49 thousand shares were bought and sold for approximately kr306.71 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 15.10% during the next 3 months and, with a 90% probability hold a price between kr5.56 and kr10.08 at the end of this 3-month period.
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HAVI.OL Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Havila Shipping ASA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr6.67 and kr6.25. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -20.79%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Havila Shipping ASA stock
Havila Shipping ASA finds support from accumulated volume at kr6.12 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 periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr0.620 between high and low, or 10.08%. For the last week the stock has had daily average volatility of 7.11%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAVI.OL) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Havila Shipping ASA to open at kr6.39, and during the day (based on 14 day Average True Range), to move between kr5.76 and kr6.74, which gives a possible trading interval of +/-kr0.491 (+/-7.86%) up or down from last closing price. If Havila Shipping ASA takes out the full calculated possible swing range there will be an estimated 15.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr6.12 (2.08%) than the resistance at kr6.47 (3.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Havila Shipping ASA stock A Buy?
The Havila Shipping ASA stock holds several negative signals and despite the positive trend, we believe Havila Shipping ASA will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.956 Sell Candidate Downgraded
Predicted Opening Price for Havila Shipping ASA of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr6.39 ( 2.24%) | kr6.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAVI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.01 | 12.16% |
| R2 | 6.77 | 8.37% |
| R1 | 6.63 | 6.03% |
| Price | 6.25 | |
| S1 | 6.15 | -1.55% |
| S2 | 6.01 | -3.89% |
| S3 | 5.77 | -7.68% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.28 | 16.48% |
| R2 | 6.85 | 9.60% |
| R1 | 6.47 | 3.52% |
| Price | 6.25 | |
| S1 | 6.12 | -2.08% |
| S2 | 5.35 | -14.40% |
| S3 | 5.30 | -15.20% |
HAVI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2008 | May 15, 2008 | May 26, 2008 | kr55.86 | 4.73% |
| 2 | Dec 18, 2007 | Feb 27, 2008 | Mar 04, 2008 | kr174.57 | 12.89% |
| 3 | Feb 23, 2007 | Jul 26, 2007 | Jul 26, 2007 | kr48.88 | 3.27% |
| 4 | Apr 25, 2006 | May 19, 2006 | May 19, 2006 | kr27.93 | 3.77% |
FAQ
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