Petrolia SE Stock Forecast

Petrolia SE stock price down 0% on Friday
(Updated on May 31, 2024)

PSE.OL Signals & Forecast

The Petrolia SE 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 kr5.04 and kr4.68. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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, May 29, 2024, and so far it has fallen -0.94%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Petrolia SE stock

On the downside, the stock finds support just below today's level from accumulated volume at kr4.72 and kr4.56. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Petrolia SE finds support just below today's level at kr4.72. If this is broken, then the next support from accumulated volume will be at kr4.56 and kr4.15.

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 kr0.250 between high and low, or 4.90%. For the last week, the stock has had daily average volatility of 5.32%.

Our recommended stop-loss: kr5.06 (-3.65%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 27 days ago.)

Trading Expectations (PSE.OL) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Petrolia SE to open at kr5.23, and during the day (based on 14 day Average True Range), to move between kr5.01 and kr5.49, which gives a possible trading interval of +/-kr0.244 (+/-4.64%) up or down from last closing price. If Petrolia SE takes out the full calculated possible swing range there will be an estimated 9.28% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr5.30 (0.95%) than the support at kr4.72 (10.10%), 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.

Is Petrolia SE stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Petrolia SE stock to perform well in the short-term.

Current score: 3.222 Buy Candidate Unchanged

Predicted Opening Price for Petrolia SE of Monday, June 3, 2024

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