Hunter Group ASA Stock Forecast

Evaluation of Hunter Group ASA stock downgraded after the last trading session.
(Updated on May 29, 2024)

HUNT.OL Signals & Forecast

The Hunter Group ASA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr2.68. On a fall, the stock will find some support from the long-term average at approximately kr2.41. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -4.35%. Further fall is indicated until a new bottom pivot has been found. Hunter Group ASA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Hunter Group ASA stock

Hunter Group ASA finds support from accumulated volume at kr2.63 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 kr0.150 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 7.10%.

Our recommended stop-loss: kr2.56 (-2.85%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 18 days ago.)

Trading Expectations (HUNT.OL) For The Upcoming Trading Day Of Thursday 30th

For the upcoming trading day on Thursday, 30th we expect Hunter Group ASA to open at kr2.68, and during the day (based on 14 day Average True Range), to move between kr2.50 and kr2.78, which gives a possible trading interval of +/-kr0.138 (+/-5.21%) up or down from last closing price. If Hunter Group ASA takes out the full calculated possible swing range there will be an estimated 10.43% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr2.63 (0.57%) than the resistance at kr2.68 (1.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Hunter Group ASA stock A Buy?

Hunter Group ASA 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. 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 Hold/Accumulate candidate.

Current score: 0.927 Hold/Accumulate Downgraded

Predicted Opening Price for Hunter Group ASA of Thursday, May 30, 2024

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