Treasure ASA Stock Forecast
Treasure ASA stock price down 1.43% on Thursday
(Updated on May 16, 2024)
The Treasure ASA stock price fell by -1.43% on the last day (Thursday, 16th May 2024) from kr21.00 to kr20.70. During the last trading day the stock fluctuated 5.42% from a day low at kr20.30 to a day high of kr21.40. The price has risen in 5 of the last 10 days and is up by 4.02% over the past 2 weeks. Volume has increased on the last day by 3 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, 12 thousand shares were bought and sold for approximately kr252.04 thousand.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr21.08 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.65% during the next 3 months and, with a 90% probability hold a price between kr18.16 and kr20.52 at the end of this 3-month period. 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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TRE.OL Signals & Forecast
The Treasure ASA 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 kr20.61 and kr19.92. 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 14, 2024, and so far it has fallen -1.90%. Further fall is indicated until a new bottom pivot has been found. Treasure ASA 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".
Support, Risk & Stop-loss for Treasure ASA stock
Treasure ASA finds support from accumulated volume at kr19.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr1.10 (5.42%) between high and low. For the last week, the stock has had daily average volatility of 3.75%.
Our recommended stop-loss: kr20.02 (-3.28%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TRE.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Treasure ASA to open at kr20.80, and during the day (based on 14 day Average True Range), to move between kr20.04 and kr21.36, which gives a possible trading interval of +/-kr0.660 (+/-3.19%) up or down from last closing price. If Treasure ASA takes out the full calculated possible swing range there will be an estimated 6.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr20.80 (0.48%) than the support at kr19.90 (3.86%), 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 Treasure ASA stock A Buy?
Treasure ASA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.050 Hold/Accumulate Unchanged
Predicted Opening Price for Treasure ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr20.80 ( 0.483%) | kr20.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRE.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.90 | 5.80 % | |
| R2 | 21.48 | 3.77 % | ||
| R1 | 21.22 | 2.51 % | ||
| Current price: | 20.70 | |||
| Support | S1 | 20.38 | -1.55 % | |
| S2 | 20.12 | -2.80 % | ||
| S3 | 19.70 | -4.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.10 | 1.93 % | |
| R2 | 21.00 | 1.45 % | ||
| R1 | 20.80 | 0.483 % | ||
| Current price | 20.70 | |||
| Support | S1 | 19.90 | -3.86% | |
| S2 | 19.70 | -4.83% | ||
| S3 | 19.60 | -5.31% |
TRE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | May 10, 2024 | kr0.750 | 3.66% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | kr0.600 | 3.30% |
| 3 | Mar 16, 2022 | Mar 16, 2022 | Mar 16, 2022 | kr1.00 | 6.33% |
| 4 | Feb 10, 2020 | Mar 13, 2020 | May 08, 2020 | kr0.400 | 3.70% |
| 5 | Feb 14, 2019 | Mar 14, 2019 | May 09, 2019 | kr0.300 | 2.26% |
FAQ
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