Tomra Systems ASA Stock Forecast
Is Tomra Systems ASA stock still a buy after falling -5.87% on Friday?
(Updated on Apr 26, 2024)
The Tomra Systems ASA stock price fell by -5.87% on the last day (Friday, 26th Apr 2024) from kr148.20 to kr139.50. During the last trading day the stock fluctuated 5.70% from a day low at kr135.20 to a day high of kr142.90. The price has fallen in 6 of the last 10 days and is down by -5.68% for this period. Volume has increased on the last day by 216 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, 798 thousand shares were bought and sold for approximately kr111.35 million.
Given the current short-term trend, the stock is expected to rise 39.21% during the next 3 months and, with a 90% probability hold a price between kr194.20 and kr261.51 at the end of this 3-month period.
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TOM.OL Signals & Forecast
There are few to no technical positive signals at the moment. The Tomra Systems ASA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr147.11 and kr153.56. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -18.18%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Tomra Systems ASA stock
Tomra Systems ASA finds support from accumulated volume at kr138.80 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 kr7.70 between high and low, or 5.70%. For the last week, the stock has had daily average volatility of 4.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOM.OL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Tomra Systems ASA to open at kr139.20, and during the day (based on 14 day Average True Range), to move between kr133.32 and kr145.68, which gives a possible trading interval of +/-kr6.18 (+/-4.43%) up or down from last closing price. If Tomra Systems ASA takes out the full calculated possible swing range there will be an estimated 8.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr138.80 (0.50%) than the resistance at kr144.10 (3.30%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tomra Systems ASA stock A Buy?
The Tomra Systems ASA stock holds several negative signals and despite the positive trend, we believe Tomra Systems ASA will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.230 Sell Candidate Upgraded
Predicted Opening Price for Tomra Systems ASA of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr139.20 ( 0.215%) | kr139.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOM.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.90 | 5.30 % | |
| R2 | 143.96 | 3.20 % | ||
| R1 | 142.14 | 1.89 % | ||
| Current price: | 139.50 | |||
| Support | S1 | 136.26 | -2.32 % | |
| S2 | 134.44 | -3.63 % | ||
| S3 | 131.50 | -5.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.40 | 6.38 % | |
| R2 | 145.30 | 4.16 % | ||
| R1 | 144.10 | 3.30 % | ||
| Current price | 139.50 | |||
| Support | S1 | 138.80 | -0.502% | |
| S2 | 132.30 | -5.16% | ||
| S3 | 130.45 | -6.49% |
TOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 10, 2024 | kr1.95 | 1.40% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr1.80 | 1.10% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr1.35 | 0.724% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.50 | 0.754% |
| 5 | Oct 26, 2020 | Oct 26, 2020 | Oct 26, 2020 | kr1.38 | 0.720% |
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