Rolinco N.v. Trust Forecast

Green day on Thursday for Rolinco N.v.
(Updated on Jun 27, 2024)

ROLA.AS Signals & Forecast

The Rolinco N.v. trust 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 63.92€ and 63.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 2.83%. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Rolinco N.v. trust

Rolinco N.v. finds support from accumulated volume at 63.30€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the trust tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the trust During the last day, the trust moved 0€ between high and low, or 0%. For the last week the trust has had daily average volatility of 0%

Our recommended stop-loss: 61.32€ (-4.72%) (This trust has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)

Trading Expectations (ROLA.AS) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Rolinco N.v. to open at 64.36€, and during the day (based on 14 day Average True Range), to move between 64.06€ and 64.66€, which gives a possible trading interval of +/-0.296€ (+/-0.46%) up or down from last closing price. If Rolinco N.v. takes out the full calculated possible swing range there will be an estimated 0.92% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ 63.30€, some 1.06€ (1.65%) from the current price of 64.36€, our system finds the risk reward attractive.

Is Rolinco N.v. trust A Buy?

Rolinco N.v. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.000 Hold/Accumulate Unchanged

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Rolinco N.v. of Friday, June 28, 2024

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