SpareBank 1 Ringerike Hadeland Stock Forecast
Stronger technical forecast for SpareBank 1 Ringerike Hadeland stock price after Tuesday trading.
(Updated on Apr 30, 2024)
The SpareBank 1 Ringerike Hadeland stock price gained 0.333% on the last trading day (Tuesday, 30th Apr 2024), rising from kr300.00 to kr301.00. During the last trading day the stock fluctuated 0.333% from a day low at kr300.00 to a day high of kr301.00. The price has risen in 4 of the last 10 days and is up by 1.35% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 24 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately kr7.24 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect SpareBank 1 Ringerike Hadeland stock with a 90% probability to be traded between kr277.38 and kr305.03 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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RING.OL Signals & Forecast
Mostly positive signals in the chart today. The SpareBank 1 Ringerike Hadeland 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 kr299.00 and kr295.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 7.50%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for SpareBank 1 Ringerike Hadeland stock
SpareBank 1 Ringerike Hadeland finds support from accumulated volume at kr300.00 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 kr1.00 between high and low, or 0.333%. For the last week the stock has had daily average volatility of 0.0700%.
Our recommended stop-loss: kr284.54 (-5.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (RING.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect SpareBank 1 Ringerike Hadeland to open at kr300.67, and during the day (based on 14 day Average True Range), to move between kr297.55 and kr304.45, which gives a possible trading interval of +/-kr3.45 (+/-1.15%) up or down from last closing price. If SpareBank 1 Ringerike Hadeland takes out the full calculated possible swing range there will be an estimated 2.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr302.00 (0.33%) than the support at kr300.00 (0.33%), 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.
Earnings coming up
SpareBank 1 Ringerike Hadeland will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $10.44. We will update the financials statements for SpareBank 1 Ringerike Hadeland, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 0.502% in the first trading day after earnings release.
Is SpareBank 1 Ringerike Hadeland stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for SpareBank 1 Ringerike Hadeland stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.021 Buy Candidate Upgraded
Predicted Opening Price for SpareBank 1 Ringerike Hadeland of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr300.67 ( 0.111%) | kr301.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RING.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 301.67 | 0.221 % | |
| R2 | 301.28 | 0.0946 % | ||
| R1 | 301.05 | 0.0162 % | ||
| Current price: | 301.00 | |||
| Support | S1 | 300.28 | -0.238 % | |
| S2 | 300.05 | -0.316 % | ||
| S3 | 299.67 | -0.443 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 308.00 | 2.33 % | |
| R2 | 306.00 | 1.66 % | ||
| R1 | 302.00 | 0.332 % | ||
| Current price | 301.00 | |||
| Support | S1 | 300.00 | -0.332% | |
| S2 | 299.00 | -0.664% | ||
| S3 | 298.00 | -1.00% |
RING Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Apr 02, 2024 | kr20.00 | 7.04% |
| 2 | Mar 28, 2023 | Mar 28, 2023 | Mar 28, 2023 | kr13.10 | 3.88% |
| 3 | Mar 28, 2022 | Mar 28, 2022 | Mar 28, 2022 | kr16.20 | 4.53% |
| 4 | Nov 04, 2021 | Nov 04, 2021 | Nov 04, 2021 | kr9.20 | 2.79% |
| 5 | Mar 23, 2021 | Mar 23, 2021 | Mar 23, 2021 | kr2.20 | 0.87% |
FAQ
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