Høland og Setskog Sparebank Stock Forecast

Red day on Thursday for Høland og Setskog Sparebank stock after losing 0%
(Updated on May 16, 2024)

HSPG.OL Signals & Forecast

There are mixed signals in the stock today. The Høland og Setskog Sparebank 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 kr123.00 and kr125.31. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, May 07, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Høland og Setskog Sparebank stock

Høland og Setskog Sparebank finds support from accumulated volume at kr122.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.98%

Our recommended stop-loss: kr115.37 (-6.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (HSPG.OL) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Høland og Setskog Sparebank to open at kr123.00, and during the day (based on 14 day Average True Range), to move between kr121.73 and kr124.27, which gives a possible trading interval of +/-kr1.27 (+/-1.03%) up or down from last closing price. If Høland og Setskog Sparebank takes out the full calculated possible swing range there will be an estimated 2.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr122.00 (0.81%) than the resistance at kr126.00 (2.44%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Høland og Setskog Sparebank stock A Buy?

Høland og Setskog Sparebank holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Høland og Setskog Sparebank of Tuesday, May 21, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.