Standard Supply As Stock Forecast
Weaker technical forecast for Standard Supply As as stock downgraded to Sell Candidate.
(Updated on Jun 28, 2024)
The Standard Supply As stock price fell by -0.236% on the last day (Friday, 28th Jun 2024) from kr2.12 to kr2.12. During the last trading day the stock fluctuated 0.95% from a day low at kr2.11 to a day high of kr2.13. The price has risen in 4 of the last 10 days. Volume has increased on the last day by 16 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 101 thousand shares were bought and sold for approximately kr213.03 thousand.
The stockis at the upper part of a narrow and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr2.12 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Standard Supply As stock with a 90% probability to be traded between kr2.05 and kr2.09 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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STSU.OL Signals & Forecast
There are mixed signals in the stock today. The Standard Supply As stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr2.12. On a fall, the stock will find some support from the short-term average at kr2.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, June 27, 2024, and so far it has fallen -0.236%. Further fall is indicated until a new bottom pivot has been found. Standard Supply As 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". Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Standard Supply As stock
Standard Supply As finds support from accumulated volume at kr2.11 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 kr0.0200 between high and low, or 0.95%. For the last week the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STSU.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Standard Supply As to open at kr2.12, and during the day (based on 14 day Average True Range), to move between kr2.09 and kr2.14, which gives a possible trading interval of +/-kr0.0300 (+/-1.42%) up or down from last closing price. If Standard Supply As takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr2.12 (0.24%) than the support at kr2.11 (0.47%), 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 Standard Supply As stock A Buy?
Standard Supply As holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.921 Sell Candidate Downgraded
Predicted Opening Price for Standard Supply As of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr2.12 ( 0%) | kr2.12 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STSU.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.14 | 0.95% |
| R2 | 2.13 | 0.584% |
| R1 | 2.12 | 0.361% |
| Price | 2.12 | |
| S1 | 2.11 | -0.361% |
| S2 | 2.10 | -0.584% |
| S3 | 2.10 | -0.95% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2.15 | 1.65% |
| R2 | 2.14 | 0.95% |
| R1 | 2.12 | 0.236% |
| Price | 2.12 | |
| S1 | 2.11 | -0.473% |
| S2 | 2.10 | -0.709% |
| S3 | 2.09 | -1.18% |
STSU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 23, 2024 | Feb 23, 2024 | Feb 23, 2024 | kr2.75 | 127.91% |
| 2 | Nov 24, 2023 | Nov 24, 2023 | Dec 04, 2023 | kr0.500 | 10.42% |
| 3 | Sep 01, 2023 | Sep 01, 2023 | Sep 11, 2023 | kr0.700 | 13.89% |
| 4 | Jun 20, 2023 | Jun 20, 2023 | Jun 28, 2023 | kr0.120 | 2.33% |
| 5 | Feb 28, 2023 | Feb 28, 2023 | Mar 08, 2023 | kr0.100 | 1.90% |
FAQ
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