SpareBank 1 Ringerike Hadeland Stock Forecast

Red day on Wednesday for SpareBank 1 Ringerike Hadeland
(Updated on May 15, 2024)

RING.OL Signals & Forecast

The SpareBank 1 Ringerike Hadeland stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr299.71. On a fall, the stock will find some support from the long-term average at approximately kr295.18. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, May 02, 2024, and so far it has fallen -1.66%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). SpareBank 1 Ringerike Hadeland 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".

Support, Risk & Stop-loss for SpareBank 1 Ringerike Hadeland stock

SpareBank 1 Ringerike Hadeland finds support from accumulated volume at kr296.00 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 1.01%. For the last week the stock has had daily average volatility of 0.605%.

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

Trading Expectations (RING.OL) For The Upcoming Trading Day Of Thursday 16th

For the upcoming trading day on Thursday, 16th we expect SpareBank 1 Ringerike Hadeland to open at kr298.00, and during the day (based on 14 day Average True Range), to move between kr294.09 and kr299.91, which gives a possible trading interval of +/-kr2.91 (+/-0.98%) 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 1.96% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr296.00 (0.34%) than the resistance at kr299.00 (0.67%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SpareBank 1 Ringerike Hadeland stock A Buy?

SpareBank 1 Ringerike Hadeland holds several negative signals and is within a 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.

Current score: -2.114 Sell Candidate Unchanged

Predicted Opening Price for SpareBank 1 Ringerike Hadeland of Thursday, May 16, 2024

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