LINK Mobility Group Holding ASA Stock Forecast
Green day on Thursday for LINK Mobility Group Holding ASA stock after gaining 1.70%
(Updated on May 16, 2024)
The LINK Mobility Group Holding ASA stock price gained 1.70% on the last trading day (Thursday, 16th May 2024), rising from kr20.60 to kr20.95. During the last trading day the stock fluctuated 5.72% from a day low at kr20.10 to a day high of kr21.25. The price has risen in 7 of the last 10 days and is up by 6.89% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 338 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately kr23.30 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.06% during the next 3 months and, with a 90% probability hold a price between kr23.04 and kr25.97 at the end of this 3-month period.
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LINK.OL Signals & Forecast
Mostly positive signals in the chart today. The LINK Mobility Group Holding 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 kr20.66 and kr19.42. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, April 22, 2024, and so far it has risen 16.39%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for LINK Mobility Group Holding ASA stock
LINK Mobility Group Holding ASA finds support from accumulated volume at kr20.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.15 between high and low, or 5.72%. For the last week, the stock has had daily average volatility of 4.99%.
Our recommended stop-loss: kr20.16 (-3.76%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (LINK.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect LINK Mobility Group Holding ASA to open at kr20.77, and during the day (based on 14 day Average True Range), to move between kr20.17 and kr21.73, which gives a possible trading interval of +/-kr0.777 (+/-3.71%) up or down from last closing price. If LINK Mobility Group Holding ASA takes out the full calculated possible swing range there will be an estimated 7.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr20.60, some kr0.350 (1.67%) from the current price of kr20.95, our system finds the risk reward attractive.
Is LINK Mobility Group Holding 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 LINK Mobility Group Holding ASA stock to perform well in the short-term.
Current score: 3.647 Buy Candidate Unchanged
Predicted Opening Price for LINK Mobility Group Holding ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr20.77 ( 0.88%) | kr20.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LINK.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.92 | 4.61 % | |
| R2 | 21.48 | 2.52 % | ||
| R1 | 21.21 | 1.22 % | ||
| Current price: | 20.95 | |||
| Support | S1 | 20.33 | -2.97 % | |
| S2 | 20.06 | -4.27 % | ||
| S3 | 19.62 | -6.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 20.95 | |||
| Support | S1 | 20.60 | -1.67% | |
| S2 | 19.60 | -6.44% | ||
| S3 | 17.12 | -18.28% |
FAQ
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