Sparebanken Vest Stock Forecast
Sparebanken Vest stock price ended at kr128.72 on Thursday, after gaining 0.171%.
(Updated on May 16, 2024)
The Sparebanken Vest stock price gained 0.171% on the last trading day (Thursday, 16th May 2024), rising from kr128.50 to kr128.72. During the last trading day the stock fluctuated 1.25% from a day low at kr128.02 to a day high of kr129.62. The price has been going up and down for this period, and there has been a 0.74% gain for the last 2 weeks. Volume fell on the last day by -169 shares and in total, 51 thousand shares were bought and sold for approximately kr6.53 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 weak 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 9.29% during the next 3 months and, with a 90% probability hold a price between kr132.73 and kr143.97 at the end of this 3-month period.
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SVEG.OL Signals & Forecast
The Sparebanken Vest stock 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 kr128.27 and kr122.43. 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). 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 Monday, May 13, 2024, and so far it has fallen -1.86%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-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 stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Friday, June 09, 2023 in the long-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 stock in question.
Support, Risk & Stop-loss for Sparebanken Vest stock
Sparebanken Vest finds support from accumulated volume at kr127.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.60 between high and low, or 1.25%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: kr123.74 (-3.87%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (SVEG.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Sparebanken Vest to open at kr128.79, and during the day (based on 14 day Average True Range), to move between kr126.13 and kr131.31, which gives a possible trading interval of +/-kr2.59 (+/-2.01%) up or down from last closing price. If Sparebanken Vest takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr129.04 (0.25%) than the support at kr127.78 (0.73%), 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 Sparebanken Vest stock 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 Sparebanken Vest stock to perform well in the short-term.
Current score: 2.603 Buy Candidate Unchanged
Predicted Opening Price for Sparebanken Vest of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr128.79 ( 0.0518%) | kr128.72 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVEG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.39 | 1.29 % | |
| R2 | 129.78 | 0.82 % | ||
| R1 | 129.40 | 0.527 % | ||
| Current price: | 128.72 | |||
| Support | S1 | 128.18 | -0.423 % | |
| S2 | 127.80 | -0.716 % | ||
| S3 | 127.19 | -1.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 131.16 | 1.90 % | ||
| R1 | 129.04 | 0.249 % | ||
| Current price | 128.72 | |||
| Support | S1 | 127.78 | -0.730% | |
| S2 | 116.40 | -9.57% | ||
| S3 | 115.80 | -10.04% |
SVEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 04, 2024 | kr7.50 | 6.24% |
| 2 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | kr5.50 | 6.24% |
| 3 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | kr4.50 | 4.41% |
| 4 | Oct 05, 2021 | Oct 05, 2021 | Oct 05, 2021 | kr1.80 | 1.90% |
| 5 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | kr2.20 | 2.78% |
FAQ
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