Schibsted ASA Stock Forecast
Green day on Friday for Schibsted ASA
(Updated on May 10, 2024)
The Schibsted ASA stock price gained 0.785% on the last trading day (Friday, 10th May 2024), rising from kr331.00 to kr333.60. During the last trading day the stock fluctuated 1.95% from a day low at kr328.00 to a day high of kr334.40. The price has risen in 7 of the last 10 days and is up by 2.46% over the past 2 weeks. Volume fell on the last day by -1 million shares and in total, 167 thousand shares were bought and sold for approximately kr55.57 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 is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Schibsted ASA stock with a 90% probability to be traded between kr315.18 and kr358.63 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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SCHA.OL Signals & Forecast
Mostly positive signals in the chart today. The Schibsted ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr327.34 and kr328.20. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.13%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Schibsted ASA stock
Schibsted ASA finds support from accumulated volume at kr331.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr6.40 (1.95%) between high and low. For the last week, the stock has had daily average volatility of 2.21%.
Our recommended stop-loss: kr318.83 (-4.43%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SCHA.OL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Schibsted ASA to open at kr332.00, and during the day (based on 14 day Average True Range), to move between kr323.57 and kr343.63, which gives a possible trading interval of +/-kr10.03 (+/-3.01%) up or down from last closing price. If Schibsted ASA takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr334.90 (0.39%) than the support at kr331.80 (0.54%), 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 Schibsted ASA 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 Schibsted ASA stock to perform well in the short-term period.
Current score: 3.066 Buy Candidate Unchanged
Predicted Opening Price for Schibsted ASA of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr332.00 ( 0.480%) | kr333.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCHA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 338.40 | 1.44 % | |
| R2 | 335.96 | 0.706 % | ||
| R1 | 334.44 | 0.253 % | ||
| Current price: | 333.60 | |||
| Support | S1 | 329.56 | -1.21 % | |
| S2 | 328.04 | -1.67 % | ||
| S3 | 325.60 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 337.40 | 1.14 % | |
| R2 | 335.80 | 0.659 % | ||
| R1 | 334.90 | 0.390 % | ||
| Current price | 333.60 | |||
| Support | S1 | 331.80 | -0.540% | |
| S2 | 331.00 | -0.779% | ||
| S3 | 325.00 | -2.58% |
SCHA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 08, 2024 | kr2.00 | 0.604% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | kr2.00 | 1.06% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | kr2.00 | 1.07% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr2.00 | 0.483% |
| 5 | May 07, 2020 | May 07, 2020 | May 07, 2020 | kr2.00 | 0.86% |
FAQ
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