Statoil Asa Fund Forecast

Buy or Hold candidate since Mar 20, 2018 Gain 5.93%

No changes to the price of Statoil ASA fund on the last trading day (Friday, 25th May 2018). During the last trading day the fund fluctuated 0% from a day low at $27.14 to a day high of $27.14. The price has been going up and down for this period, and there has been a 0.04% gain for the last 2 weeks.

The fund 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 fund is expected to rise 22.32% during the next 3 months and, with a 90% probability hold a price between $32.40 and $34.92 at the end of this 3-month period.

STO Signals & Forecast

The Statoil ASA fund holds buy signals from both short and long-term Moving Averages giving a positive forecast for the fund. 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 $27.14 and $26.14. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 15, 2018, and so far it has fallen -0.659%. Further fall is indicated until a new bottom pivot has been found. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The fund had a Golden Star Signal on Monday, March 12, 2018 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.

Support, Risk & Stop-loss for Statoil ASA fund

Statoil ASA finds support from accumulated volume at $26.18 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund 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 fund During the last day, the fund moved $0 between high and low, or 0%. For the last week the fund has had daily average volatility of 0%

The Statoil ASA fund is extremely overbought on RSI14 (90). This increases the short-term risk substantially.

Our recommended stop-loss: $26.23 (-3.36%) (This fund has very low daily movements and this gives very low risk. The RSI14 is 90 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)

Trading Expectations (STO) For The Upcoming Trading Day Of Tuesday 29th

For the upcoming trading day on Tuesday, 29th we expect Statoil ASA to open at $27.14, and during the day (based on 14 day Average True Range), to move between $27.00 and $27.28, which gives a possible trading interval of +/-$0.290 (+/-1.07%) up or down from last closing price. If Statoil ASA takes out the full calculated possible swing range there will be an estimated 1.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $27.23 (0.33%) than the support at $26.18 (3.54%), 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 Statoil ASA fund A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Statoil ASA fund to perform well in the short-term.

Current score: 2.530 Buy Candidate Unchanged

Predicted Fair Opening Price

Predicted fair opening price on May 29, 2018 - $27.14 ( 0%).

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