Lifecare AS Stock Forecast

High volatility in Lifecare AS stock price on Tuesday which ended trading at kr2.22
(Updated on May 21, 2024)

LIFE.OL Signals & Forecast

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. The Lifecare AS 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 kr2.71 and kr3.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -56.40%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Lifecare AS stock

There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.

This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.545 between high and low, or 26.52%. For the last week, the stock has had daily average volatility of 12.70%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LIFE.OL) For The Upcoming Trading Day Of Wednesday 22nd

For the upcoming trading day on Wednesday, 22nd we expect Lifecare AS to open at kr2.29, and during the day (based on 14 day Average True Range), to move between kr1.84 and kr2.59, which gives a possible trading interval of +/-kr0.378 (+/-17.07%) up or down from last closing price. If Lifecare AS takes out the full calculated possible swing range there will be an estimated 34.14% move between the lowest and the highest trading price during the day.

With no support below and resistance from accumulated volume @ kr2.62, some kr0.405 (18.28%) from the current price of kr2.22, our system finds the risk reward not very attractive.

Is Lifecare AS stock A Buy?

Lifecare AS 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.

Current score: -5.719 Strong Sell Candidate Downgraded

Predicted Opening Price for Lifecare AS of Wednesday, May 22, 2024

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