Lifecare AS Stock Forecast
Big movements in Lifecare AS stock price on Friday moving 12.75% between high and low
(Updated on May 31, 2024)
The Lifecare AS stock price gained 1.46% on the last trading day (Friday, 31st May 2024), rising from kr2.06 to kr2.09. During the last trading day the stock fluctuated 12.75% from a day low at kr2.00 to a day high of kr2.26. The price has been going up and down for this period, and there has been a -20.23% loss for the last 2 weeks. Volume fell on the last day by -76 thousand shares and in total, 681 thousand shares were bought and sold for approximately kr1.42 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr2.04 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -17.28% during the next 3 months and, with a 90% probability hold a price between kr1.69 and kr3.70 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
LIFE.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.46%. 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). 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 kr2.20 and kr3.22. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Lifecare AS stock
Lifecare AS finds support from accumulated volume at kr2.07 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 very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr0.255 between high and low, or 12.75%. For the last week the stock has had daily average volatility of 17.19%.
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 Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lifecare AS to open at kr2.12, and during the day (based on 14 day Average True Range), to move between kr1.72 and kr2.46, which gives a possible trading interval of +/-kr0.373 (+/-17.84%) up or down from last closing price. If Lifecare AS takes out the full calculated possible swing range there will be an estimated 35.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr2.07 (0.96%) than the resistance at kr2.22 (5.98%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -2.650 Sell Candidate Upgraded
Predicted Opening Price for Lifecare AS of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr2.12 ( 1.20%) | kr2.09 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIFE.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.37 | 13.40 % | |
| R2 | 2.27 | 8.74 % | ||
| R1 | 2.21 | 5.86 % | ||
| Current price: | 2.09 | |||
| Support | S1 | 2.02 | -3.46 % | |
| S2 | 1.96 | -6.34 % | ||
| S3 | 1.86 | -11.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.47 | 17.94 % | |
| R2 | 2.30 | 10.05 % | ||
| R1 | 2.22 | 5.98 % | ||
| Current price | 2.09 | |||
| Support | S1 | 2.07 | -0.96% | |
| S2 | 2.06 | -1.44% | ||
| S3 | 0 | . |
FAQ
Click here for our free guide on how to buy Lifecare AS Stock.
