Storebrand ASA Stock Forecast
Storebrand ASA stock price ended at kr110.50 on Tuesday, after gaining 0.0906%.
(Updated on Jun 25, 2024)
The Storebrand ASA stock price gained 0.0906% on the last trading day (Tuesday, 25th Jun 2024), rising from kr110.40 to kr110.50. During the last trading day the stock fluctuated 1.28% from a day low at kr109.80 to a day high of kr111.20. The price has risen in 6 of the last 10 days and is up by 0.64% over the past 2 weeks. Volume fell on the last day by -183 thousand shares and in total, 481 thousand shares were bought and sold for approximately kr53.10 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 lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 18.58% during the next 3 months and, with a 90% probability hold a price between kr128.97 and kr139.27 at the end of this 3-month period.
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STB.OL Signals & Forecast
The Storebrand 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 kr109.33 and kr110.38. A breakdown below any of these levels will issue sell signals. 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. 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, June 06, 2024, and so far it has fallen -2.64%. 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).
Support, Risk & Stop-loss for Storebrand ASA stock
Storebrand ASA finds support from accumulated volume at kr108.60 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 kr1.40 between high and low, or 1.28%. For the last week the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: kr104.83 (-5.13%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 47 days ago.)
Trading Expectations (STB.OL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Storebrand ASA to open at kr110.50, and during the day (based on 14 day Average True Range), to move between kr108.95 and kr112.05, which gives a possible trading interval of +/-kr1.55 (+/-1.40%) up or down from last closing price. If Storebrand ASA takes out the full calculated possible swing range there will be an estimated 2.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr111.80 (1.18%) than the support at kr108.60 (1.72%), 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 Storebrand ASA stock A Buy?
Storebrand ASA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.262 Hold/Accumulate Unchanged
Predicted Opening Price for Storebrand ASA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr110.50 ( 0%) | kr110.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STB.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 111.90 | 1.27% |
| R2 | 111.37 | 0.783% |
| R1 | 111.03 | 0.484% |
| Price | 110.50 | |
| S1 | 109.97 | -0.484% |
| S2 | 109.63 | -0.783% |
| S3 | 109.10 | -1.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 113.40 | 2.62% |
| R2 | 112.20 | 1.54% |
| R1 | 111.80 | 1.18% |
| Price | 110.50 | |
| S1 | 108.60 | -1.72% |
| S2 | 105.20 | -4.80% |
| S3 | 95.00 | -14.03% |
STB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 16, 2024 | kr4.10 | 4.35% |
| 2 | Apr 14, 2023 | Apr 14, 2023 | Apr 14, 2023 | kr3.70 | 4.57% |
| 3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | kr3.50 | 4.24% |
| 4 | Apr 09, 2021 | Apr 09, 2021 | Apr 09, 2021 | kr3.25 | 3.94% |
| 5 | Apr 23, 2020 | Apr 23, 2020 | Apr 23, 2020 | kr3.25 | 7.43% |
FAQ
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