Medistim ASA Stock Forecast
Green day on Monday for Medistim ASA
(Updated on May 13, 2024)
The Medistim ASA stock price gained 0.568% on the last trading day (Monday, 13th May 2024), rising from kr176.00 to kr177.00. During the last trading day the stock fluctuated 1.70% from a day low at kr176.00 to a day high of kr179.00. The price has risen in 5 of the last 10 days and is up by 1.72% 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, 29 thousand more shares were traded than the day before. In total, 31 thousand shares were bought and sold for approximately kr5.41 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.89% during the next 3 months and, with a 90% probability hold a price between kr140.23 and kr161.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MEDI.OL Signals & Forecast
There are mixed signals in the stock today. The Medistim ASA 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 kr178.00 and kr184.30. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 1.72%. 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 Medistim ASA stock
Medistim ASA finds support from accumulated volume at kr176.50 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 kr3.00 between high and low, or 1.70%. For the last week, the stock has had daily average volatility of 1.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MEDI.OL) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Medistim ASA to open at kr177.33, and during the day (based on 14 day Average True Range), to move between kr171.25 and kr182.75, which gives a possible trading interval of +/-kr5.75 (+/-3.25%) up or down from last closing price. If Medistim ASA takes out the full calculated possible swing range there will be an estimated 6.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr176.50 (0.28%) than the resistance at kr178.50 (0.85%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Medistim ASA stock A Buy?
Medistim ASA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.744 Sell Candidate Unchanged
Predicted Opening Price for Medistim ASA of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr177.33 ( 0.188%) | kr177.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MEDI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.33 | 1.88 % | |
| R2 | 179.19 | 1.24 % | ||
| R1 | 178.48 | 0.84 % | ||
| Current price: | 177.00 | |||
| Support | S1 | 176.19 | -0.459 % | |
| S2 | 175.48 | -0.86 % | ||
| S3 | 174.33 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 195.00 | 10.17 % | |
| R2 | 185.50 | 4.80 % | ||
| R1 | 178.50 | 0.85 % | ||
| Current price | 177.00 | |||
| Support | S1 | 176.50 | -0.282% | |
| S2 | 176.00 | -0.565% | ||
| S3 | 174.00 | -1.69% |
MEDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 01, 2024 | kr4.50 | 2.48% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | kr4.50 | 1.70% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr3.75 | 1.52% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr3.00 | 1.11% |
| 5 | Oct 22, 2020 | Oct 22, 2020 | Oct 22, 2020 | kr2.75 | 1.23% |
FAQ
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