Multiconsult ASA Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Multiconsult ASA stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
No changes to the price of Multiconsult ASA stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.06% from a day low at kr142.00 to a day high of kr143.50. The price has risen in 6 of the last 10 days and is up by 2.51% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Multiconsult ASA stock with a 90% probability to be traded between kr125.37 and kr149.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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MULTI.OL Signals & Forecast
The Multiconsult 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 kr142.43 and kr142.10. A breakdown below any of these levels will issue sell signals. 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 Wednesday, March 27, 2024, and so far it has fallen -3.38%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, March 20, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Multiconsult ASA stock
Multiconsult ASA finds support from accumulated volume at kr141.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr1.50 between high and low, or 1.06%. For the last week the stock has had daily average volatility of 1.71%
Our recommended stop-loss: kr137.50 (-3.84%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (MULTI.OL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Multiconsult ASA to open at kr142.83, and during the day (based on 14 day Average True Range), to move between kr139.90 and kr146.10, which gives a possible trading interval of +/-kr3.10 (+/-2.17%) up or down from last closing price. If Multiconsult ASA takes out the full calculated possible swing range there will be an estimated 4.33% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr144.00 (0.70%) than the support at kr141.00 (1.40%), 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.
Earnings coming up
Multiconsult ASA will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is $2.94. We will update the financials statements for Multiconsult ASA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.79% in the first trading day after earnings release.
Is Multiconsult ASA stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Multiconsult ASA stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.576 Buy Candidate Upgraded
Predicted Opening Price for Multiconsult ASA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr142.83 ( 0.117%) | kr143.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MULTI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.33 | 0.93 % | |
| R2 | 143.76 | 0.532 % | ||
| R1 | 143.41 | 0.284 % | ||
| Current price: | 143.00 | |||
| Support | S1 | 142.26 | -0.517 % | |
| S2 | 141.91 | -0.765 % | ||
| S3 | 141.33 | -1.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.00 | 2.10 % | |
| R2 | 145.00 | 1.40 % | ||
| R1 | 144.00 | 0.699 % | ||
| Current price | 143.00 | |||
| Support | S1 | 141.00 | -1.40% | |
| S2 | 140.50 | -1.75% | ||
| S3 | 140.00 | -2.10% |
MULTI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 22, 2024 | kr8.00 | 5.71% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | kr9.00 | 6.06% |
| 3 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | kr6.00 | 4.20% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | kr8.00 | 4.55% |
| 5 | Dec 02, 2020 | Dec 02, 2020 | Dec 02, 2020 | kr2.00 | 1.49% |
FAQ
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