RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of PHO.OL
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PhotoCure ASA stock downgraded to Sell Candidate
(Updated on Mar 27, 2024)

Sell candidate since Mar 27, 2024 PDF

The PhotoCure ASA stock price fell by -0.90% on the last day (Wednesday, 27th Mar 2024) from kr55.50 to kr55.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 2.94% from a day low at kr54.50 to a day high of kr56.10. The price has fallen in 6 of the last 10 days and is down by -2.31% for this period. 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 -17 thousand shares and in total, 40 thousand shares were bought and sold for approximately kr2.20 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 -19.57% during the next 3 months and, with a 90% probability hold a price between kr40.09 and kr48.56 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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PHO.OL Signals & Forecast

There are mixed signals in the stock today. The PhotoCure 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 kr56.87 and kr57.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 3.58%. 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).

Support, Risk & Stop-loss for PhotoCure ASA stock

PhotoCure ASA finds support from accumulated volume at kr54.60 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 kr1.60 between high and low, or 2.94%. For the last week, the stock has had daily average volatility of 3.06%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (PHO.OL) For The Upcoming Trading Day Of Tuesday 2nd

For the upcoming trading day on Tuesday, 2nd we expect PhotoCure ASA to open at kr55.20, and during the day (based on 14 day Average True Range), to move between kr52.51 and kr57.49, which gives a possible trading interval of +/-kr2.49 (+/-4.53%) up or down from last closing price. If PhotoCure ASA takes out the full calculated possible swing range there will be an estimated 9.06% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr54.60 (0.73%) than the resistance at kr56.00 (1.82%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is PhotoCure ASA stock A Buy?

PhotoCure 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -2.237 Sell Candidate Downgraded

Predicted Opening Price for PhotoCure ASA of Tuesday, April 2, 2024

Fair opening price April 2, 2024 Current price
kr55.20 ( 0.364%) kr55.00

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for PHO.OL

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 56.80 3.27 %
R2 56.19 2.16 %
R1 55.81 1.47 %
Current price: 55.00
Support S1 54.59 -0.748 %
S2 54.21 -1.43 %
S3 53.60 -2.55 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 62.00 12.73 %
R2 59.80 8.73 %
R1 56.00 1.82 %
Current price 55.00
Support S1 54.60 -0.727%
S2 54.00 -1.82%
S3 53.10 -3.45%

PHO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Feb 28, 2013 May 23, 2013 Jun 11, 2013 kr2.00 5.56%
2 Oct 28, 2009 Nov 26, 2009 Dec 04, 2009 kr4.00 8.26%

FAQ

What is the symbol for PhotoCure ASA Stock and on which exchange is it traded?
The symbol for PhotoCure ASA is PHO.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell PhotoCure ASA Stock?
PhotoCure 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy PhotoCure ASA Stock?
PhotoCure ASA Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy PhotoCure ASA Stock.

What's the current price of PhotoCure ASA Stock?
As of the end of day on the 2024-03-27, the price of an PhotoCure ASA (PHO.OL) share was kr55.00.

What is the 52-week high and low for PhotoCure ASA Stock?
The 52-week high for PhotoCure ASA Stock is kr71.90 and the 52-week low is kr40.70.

What is the market capitalization of PhotoCure ASA Stock?
As of the 2024-03-27, the market capitalization of PhotoCure ASA is 1.491B.

When is the next earnings date for PhotoCure ASA?
The upcoming earnings date for PhotoCure ASA is May 15, 2024.
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About PhotoCure ASA

PhotoCure ASA Photocure ASA, a specialty pharmaceutical company, engages in the research, development, production, distribution, marketing, and sale of pharmaceutical products in Nordic countries, Germany, France, Austria, the United Kingdom, the Netherlands, Italy, other European Countries, and the United States. The company offers Hexvix/Cysview for the detection and management of bladder cancer. It also develops Cevira for the treatment of human papilloma v... PHO.OL Profile

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