Treasure ASA Stock Forecast
Red day on Friday for Treasure ASA stock after losing 0.474%
(Updated on May 31, 2024)
The Treasure ASA stock price fell by -0.474% on the last day (Friday, 31st May 2024) from kr21.10 to kr21.00. During the last trading day the stock fluctuated 2.93% from a day low at kr20.50 to a day high of kr21.10. The price has fallen in 6 of the last 10 days and is down by -0.47% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -15 thousand shares and in total, 700 shares were bought and sold for approximately kr14.70 thousand.
The stock lies in the upper part of a weak rising 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 kr21.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.29% during the next 3 months and, with a 90% probability hold a price between kr20.52 and kr22.14 at the end of this 3-month period.
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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 kr20.90 and kr20.18. 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 Wednesday, May 29, 2024, and so far it has fallen -0.94%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Treasure ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr19.90 and kr19.70. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Treasure ASA finds support just below today's level at kr19.90. If this is broken, then the next support from accumulated volume will be at kr19.70 and kr19.60.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr0.600 between high and low, or 2.93%. For the last week the stock has had daily average volatility of 3.42%.
Our recommended stop-loss: kr20.14 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (TRE.OL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Treasure ASA to open at kr20.87, and during the day (based on 14 day Average True Range), to move between kr20.31 and kr21.69, which gives a possible trading interval of +/-kr0.692 (+/-3.30%) up or down from last closing price. If Treasure ASA takes out the full calculated possible swing range there will be an estimated 6.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr21.10 (0.48%) than the support at kr19.90 (5.24%), 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: 0.967 Hold/Accumulate Unchanged
Predicted Opening Price for Treasure ASA of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr20.87 ( 0.635%) | kr21.00 |
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 | 21.47 | 2.22 % | |
| R2 | 21.24 | 1.13 % | ||
| R1 | 21.10 | 0.457 % | ||
| Current price: | 21.00 | |||
| Support | S1 | 20.64 | -1.73 % | |
| S2 | 20.50 | -2.40 % | ||
| S3 | 20.27 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.40 | 1.90 % | |
| R2 | 21.20 | 0.95 % | ||
| R1 | 21.10 | 0.476 % | ||
| Current price | 21.00 | |||
| Support | S1 | 19.90 | -5.24% | |
| S2 | 19.70 | -6.19% | ||
| S3 | 19.60 | -6.67% |
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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