Prosafe SE Stock Forecast
Prosafe SE stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)
The Prosafe SE stock price gained 0.562% on the last trading day (Friday, 3rd May 2024), rising from kr35.60 to kr35.80. During the last trading day the stock fluctuated 5.49% from a day low at kr35.55 to a day high of kr37.50. The price has fallen in 5 of the last 10 days and is down by -10.61% for this period. Volume fell on the last day by -61 thousand shares and in total, 30 thousand shares were bought and sold for approximately kr1.07 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr35.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -15.04% during the next 3 months and, with a 90% probability hold a price between kr30.12 and kr41.28 at the end of this 3-month period.
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PRS.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 0.562%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Prosafe SE 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 kr37.96 and kr45.82. 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). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Prosafe SE stock
Prosafe SE finds support from accumulated volume at kr35.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with periodic low trading volume this stock is considered to be "very high risk". During the last day, the stock moved kr1.95 between high and low, or 5.49%. For the last week the stock has had daily average volatility of 5.34%.
Prosafe SE is oversold on RSI14 (11). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PRS.OL) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Prosafe SE to open at kr36.28, and during the day (based on 14 day Average True Range), to move between kr33.58 and kr38.02, which gives a possible trading interval of +/-kr2.22 (+/-6.21%) up or down from last closing price. If Prosafe SE takes out the full calculated possible swing range there will be an estimated 12.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr35.60 (0.56%) than the resistance at kr38.85 (8.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Prosafe SE will release earnings BMO on Wednesday, May 08, 2024.The consensus among the analysts for the expected earnings (EPS) is -$4.30. We will update the financials statements for Prosafe SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.09% in the first trading day after earnings release.
Is Prosafe SE stock A Buy?
Prosafe SE holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -4.430 Sell Candidate Upgraded
Predicted Opening Price for Prosafe SE of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr36.28 ( 1.35%) | kr35.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PRS.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.23 | 6.80 % | |
| R2 | 37.49 | 4.72 % | ||
| R1 | 37.03 | 3.43 % | ||
| Current price: | 35.80 | |||
| Support | S1 | 35.54 | -0.731 % | |
| S2 | 35.08 | -2.02 % | ||
| S3 | 34.33 | -4.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.00 | 14.53 % | |
| R2 | 39.45 | 10.20 % | ||
| R1 | 38.85 | 8.52 % | ||
| Current price | 35.80 | |||
| Support | S1 | 35.60 | -0.559% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
PRS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 21, 2015 | Aug 27, 2015 | Sep 10, 2015 | kr24,387.03 | 1.72% |
| 2 | May 13, 2015 | May 20, 2015 | Jun 03, 2015 | kr21,948.33 | 1.17% |
| 3 | Feb 09, 2015 | Feb 18, 2015 | Mar 03, 2015 | kr21,948.33 | 1.47% |
| 4 | Nov 05, 2014 | Nov 13, 2014 | Nov 26, 2014 | kr21,948.33 | 1.36% |
| 5 | Aug 21, 2014 | Aug 27, 2014 | Sep 10, 2014 | kr59,748.23 | 2.66% |
FAQ
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