Havila Shipping ASA Stock Forecast
Big movements in Havila Shipping ASA stock price on Wednesday moving 10.18% between high and low
(Updated on Jun 26, 2024)
The Havila Shipping ASA stock price gained 4.32% on the last trading day (Wednesday, 26th Jun 2024), rising from kr5.55 to kr5.79. During the last trading day the stock fluctuated 10.18% from a day low at kr5.50 to a day high of kr6.06. The price has fallen in 6 of the last 10 days and is down by -13.32% for this period. 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, 28 thousand shares were bought and sold for approximately kr159.26 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -5.21% during the next 3 months and, with a 90% probability hold a price between kr4.07 and kr7.14 at the end of this 3-month period.
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HAVI.OL Signals & Forecast
Havila Shipping ASA 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. The Havila Shipping 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 kr5.84 and kr6.07. 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 -26.62%. 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 Havila Shipping ASA stock
Havila Shipping ASA finds support from accumulated volume at kr5.75 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 kr0.560 between high and low, or 10.18%. For the last week, the stock has had daily average volatility of 7.12%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Havila Shipping ASA to open at kr5.78, and during the day (based on 14 day Average True Range), to move between kr5.31 and kr6.27, which gives a possible trading interval of +/-kr0.479 (+/-8.27%) up or down from last closing price. If Havila Shipping ASA takes out the full calculated possible swing range there will be an estimated 16.54% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr5.75 (0.69%) than the resistance at kr6.12 (5.70%), 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?
Havila Shipping ASA holds several negative signals and is within a very 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: -4.252 Sell Candidate Unchanged
Predicted Opening Price for Havila Shipping ASA of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr5.78 ( 0.115%) | kr5.79 |
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 | 6.34 | 9.56% |
| R2 | 6.13 | 5.86% |
| R1 | 6.00 | 3.58% |
| Price | 5.79 | |
| S1 | 5.57 | -3.81% |
| S2 | 5.44 | -6.09% |
| S3 | 5.22 | -9.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.85 | 18.31% |
| R2 | 6.47 | 11.74% |
| R1 | 6.12 | 5.70% |
| Price | 5.79 | |
| S1 | 5.75 | -0.691% |
| S2 | 5.58 | -3.63% |
| S3 | 5.30 | -8.46% |
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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