SpareBank 1 SMN Stock Forecast
Red day on Thursday for SpareBank 1 SMN
(Updated on May 16, 2024)
The SpareBank 1 SMN stock price fell by -0.306% on the last day (Thursday, 16th May 2024) from kr150.20 to kr149.74. During the last trading day the stock fluctuated 1.85% from a day low at kr148.14 to a day high of kr150.88. The price has risen in 6 of the last 10 days and is up by 2.34% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -51 thousand shares and in total, 66 thousand shares were bought and sold for approximately kr9.88 million.
The stock lies in the middle of a wide and weak 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 2.85% during the next 3 months and, with a 90% probability hold a price between kr142.86 and kr157.86 at the end of this 3-month period.
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MING.OL Signals & Forecast
The SpareBank 1 SMN stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr149.77. On a fall, the stock will find some support from the long-term average at approximately kr143.29. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -2.30%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SpareBank 1 SMN stock
SpareBank 1 SMN finds support from accumulated volume at kr148.40 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 kr2.74 between high and low, or 1.85%. For the last week, the stock has had daily average volatility of 2.11%.
Our recommended stop-loss: kr143.24 (-4.34%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (MING.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect SpareBank 1 SMN to open at kr149.59, and during the day (based on 14 day Average True Range), to move between kr147.20 and kr152.28, which gives a possible trading interval of +/-kr2.54 (+/-1.70%) up or down from last closing price. If SpareBank 1 SMN takes out the full calculated possible swing range there will be an estimated 3.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr150.20 (0.31%) than the support at kr148.40 (0.89%), 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 SpareBank 1 SMN 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 SpareBank 1 SMN stock to perform well in the short-term.
Current score: 3.000 Buy Candidate Unchanged
Predicted Opening Price for SpareBank 1 SMN of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr149.59 ( 0.102%) | kr149.74 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MING.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.33 | 1.73 % | |
| R2 | 151.28 | 1.03 % | ||
| R1 | 150.63 | 0.597 % | ||
| Current price: | 149.74 | |||
| Support | S1 | 148.54 | -0.80 % | |
| S2 | 147.89 | -1.23 % | ||
| S3 | 146.85 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.26 | 2.35 % | |
| R2 | 150.30 | 0.374 % | ||
| R1 | 150.20 | 0.307 % | ||
| Current price | 149.74 | |||
| Support | S1 | 148.40 | -0.89% | |
| S2 | 147.00 | -1.83% | ||
| S3 | 139.50 | -6.84% |
MING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 03, 2024 | kr12.00 | 8.60% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | kr6.50 | 5.48% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr7.50 | 5.25% |
| 4 | Nov 02, 2021 | Nov 02, 2021 | Nov 02, 2021 | kr3.10 | 2.25% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr1.30 | 1.20% |
FAQ
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