Hunter Group ASA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Hunter Group ASA stock price ended at kr2.61 on Thursday, after losing 0%.
(Updated on May 16, 2024)
No changes to the price of Hunter Group ASA stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 1.93% from a day low at kr2.59 to a day high of kr2.64. The price has risen in 5 of the last 10 days and is up by 14.22% over the past 2 weeks.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr2.64 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.85% during the next 3 months and, with a 90% probability hold a price between kr2.43 and kr2.85 at the end of this 3-month period.
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HUNT.OL Signals & Forecast
The Hunter Group ASA 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 kr2.49 and kr2.36. A breakdown below any of these levels will issue sell signals. 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 Monday, May 13, 2024, and so far it has fallen -0.760%. Further fall is indicated until a new bottom pivot has been found. 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".
Support, Risk & Stop-loss for Hunter Group ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr2.40 and kr2.25. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Hunter Group ASA finds support just below today's level at kr2.40. If this is broken, then the next support from accumulated volume will be at kr2.25 and kr2.17.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.0500 between high and low, or 1.93%. For the last week the stock has had daily average volatility of 5.54%.
The Hunter Group ASA stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr2.51 (-3.72%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (HUNT.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Hunter Group ASA to open at kr2.61, and during the day (based on 14 day Average True Range), to move between kr2.51 and kr2.71, which gives a possible trading interval of +/-kr0.104 (+/-4.00%) up or down from last closing price. If Hunter Group ASA takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr2.63 (0.77%) than the support at kr2.40 (8.05%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Earnings coming up
Hunter Group ASA will release earnings BMO on Thursday, May 23, 2024. We will update the financials statements for Hunter Group ASA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.89% in the first trading day after earnings release.
Is Hunter Group ASA 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 Hunter Group ASA stock to perform well in the short-term.
Current score: 3.055 Buy Candidate Unchanged
Predicted Opening Price for Hunter Group ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr2.61 ( 0%) | kr2.61 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUNT.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.66 | 1.92 % | |
| R2 | 2.64 | 1.18 % | ||
| R1 | 2.63 | 0.732 % | ||
| Current price: | 2.61 | |||
| Support | S1 | 2.59 | -0.732 % | |
| S2 | 2.58 | -1.18 % | ||
| S3 | 2.56 | -1.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 2.63 | 0.766 % | ||
| Current price | 2.61 | |||
| Support | S1 | 2.40 | -8.05% | |
| S2 | 2.25 | -13.79% | ||
| S3 | 2.17 | -16.86% |
HUNT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 20, 2023 | Feb 20, 2023 | Feb 20, 2023 | kr0.0400 | 1.67% |
| 2 | Jan 30, 2023 | Jan 30, 2023 | Jan 30, 2023 | kr1.80 | 101.12% |
| 3 | Jan 23, 2023 | Jan 23, 2023 | Jan 23, 2023 | kr9.02 | 24.11% |
| 4 | Jan 20, 2023 | Jan 20, 2023 | Jan 20, 2023 | kr0.510 | 1.07% |
| 5 | Aug 24, 2022 | Aug 24, 2022 | Aug 24, 2022 | kr1.50 | 3.46% |
FAQ
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