Pexip Holding ASA Stock Forecast
Pexip Holding ASA stock upgraded to Hold/Accumulate.
(Updated on Apr 26, 2024)
The Pexip Holding ASA stock price gained 0.561% on the last trading day (Friday, 26th Apr 2024), rising from kr26.75 to kr26.90. During the last trading day the stock fluctuated 2.63% from a day low at kr26.60 to a day high of kr27.30. The price has fallen in 6 of the last 10 days and is down by -10.03% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 37 thousand more shares were traded than the day before. In total, 121 thousand shares were bought and sold for approximately kr3.25 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr26.81 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.96% during the next 3 months and, with a 90% probability hold a price between kr30.29 and kr37.34 at the end of this 3-month period.
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PEXIP.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 0.561%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Pexip Holding 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 kr27.28 and kr28.28. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Pexip Holding ASA stock
Pexip Holding ASA finds support from accumulated volume at kr26.50 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 kr0.700 between high and low, or 2.63%. For the last week, the stock has had daily average volatility of 3.18%.
Our recommended stop-loss: kr25.21 (-6.27%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (PEXIP.OL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Pexip Holding ASA to open at kr26.93, and during the day (based on 14 day Average True Range), to move between kr25.82 and kr27.98, which gives a possible trading interval of +/-kr1.08 (+/-4.00%) up or down from last closing price. If Pexip Holding ASA takes out the full calculated possible swing range there will be an estimated 8.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr26.50 (1.49%) than the resistance at kr27.60 (2.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pexip Holding ASA stock A Buy?
Pexip Holding ASA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.004 Hold/Accumulate Upgraded
Predicted Opening Price for Pexip Holding ASA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr26.93 ( 0.124%) | kr26.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEXIP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.63 | 2.73 % | |
| R2 | 27.37 | 1.73 % | ||
| R1 | 27.20 | 1.12 % | ||
| Current price: | 26.90 | |||
| Support | S1 | 26.67 | -0.87 % | |
| S2 | 26.50 | -1.48 % | ||
| S3 | 26.23 | -2.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.00 | 7.81 % | |
| R2 | 27.88 | 3.64 % | ||
| R1 | 27.60 | 2.60 % | ||
| Current price | 26.90 | |||
| Support | S1 | 26.50 | -1.49% | |
| S2 | 24.40 | -9.29% | ||
| S3 | 24.30 | -9.67% |
PEXIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 15, 2024 | kr0 | 0% |
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