Polaris Media ASA Stock Forecast

Polaris Media ASA stock price down 0.694% on Thursday
(Updated on May 16, 2024)

POL.OL Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 0.704%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Polaris Media 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 kr73.00 and kr73.10. A break-up above any of these levels will issue buy signals. Polaris Media ASA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, August 18, 2023 in the long-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 Polaris Media ASA stock

Polaris Media ASA finds support from accumulated volume at kr71.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr3.00 between high and low, or 4.23%. For the last week the stock has had daily average volatility of 1.82%.

Our recommended stop-loss: kr67.87 (-5.08%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (POL.OL) For The Upcoming Trading Day Of Tuesday 21st

For the upcoming trading day on Tuesday, 21st we expect Polaris Media ASA to open at kr72.17, and during the day (based on 14 day Average True Range), to move between kr69.05 and kr73.95, which gives a possible trading interval of +/-kr2.45 (+/-3.42%) up or down from last closing price. If Polaris Media ASA takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr71.00 (0.70%) than the resistance at kr72.50 (1.40%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Polaris Media ASA stock A Buy?

Polaris Media 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.

Current score: -0.842 Hold/Accumulate Unchanged

Predicted Opening Price for Polaris Media ASA of Tuesday, May 21, 2024

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