Ice Fish Farm AS Stock Forecast

A very strong day for Ice Fish Farm AS stock price on Tuesday
(Updated on Apr 30, 2024)

IFISH.OL Signals & Forecast

The Ice Fish Farm AS 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 kr27.77 and kr25.77. 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). Ice Fish Farm AS 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. A sell signal was issued from a pivot top point on Friday, April 26, 2024, and so far it has fallen -12.50%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, April 15, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Ice Fish Farm AS stock

Ice Fish Farm AS finds support from accumulated volume at kr27.00 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 kr2.00 between high and low, or 7.63%. For the last week, the stock has had daily average volatility of 8.72%.

Our recommended stop-loss: kr26.38 (-5.80%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (IFISH.OL) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Ice Fish Farm AS to open at kr27.47, and during the day (based on 14 day Average True Range), to move between kr26.43 and kr29.57, which gives a possible trading interval of +/-kr1.57 (+/-5.61%) up or down from last closing price. If Ice Fish Farm AS takes out the full calculated possible swing range there will be an estimated 11.22% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr28.40 (1.43%) than the support at kr27.00 (3.57%), 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.

Is Ice Fish Farm AS stock A Buy?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Ice Fish Farm AS stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.260 Buy Candidate Upgraded

Predicted Opening Price for Ice Fish Farm AS of Thursday, May 2, 2024

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