Volati AB Stock Forecast
Stronger technical forecast for Volati AB stock price after Monday trading.
(Updated on May 20, 2024)
The Volati AB stock price gained 2.11% on the last trading day (Monday, 20th May 2024), rising from kr113.60 to kr116.00. During the last trading day the stock fluctuated 3.17% from a day low at kr113.60 to a day high of kr117.20. The price has risen in 6 of the last 10 days and is up by 10.48% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately kr989.83 thousand.
The stock lies in the middle of a very wide and 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 7.19% during the next 3 months and, with a 90% probability hold a price between kr108.37 and kr141.33 at the end of this 3-month period.
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VOLO.ST Signals & Forecast
Mostly positive signals in the chart today. The Volati AB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr113.09 and kr114.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 17.17%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volati AB has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Volati AB stock
On the downside, the stock finds support just below today's level from accumulated volume at kr104.80 and kr104.20. 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, Volati AB finds support just below today's level at kr104.80. If this is broken, then the next support from accumulated volume will be at kr104.20 and kr99.00.
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 kr3.60 between high and low, or 3.17%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: kr110.93 (-4.37%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 80 and this increases the risk substantially. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (VOLO.ST) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Volati AB to open at kr115.60, and during the day (based on 14 day Average True Range), to move between kr112.07 and kr119.93, which gives a possible trading interval of +/-kr3.93 (+/-3.39%) up or down from last closing price. If Volati AB takes out the full calculated possible swing range there will be an estimated 6.78% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr119.00 (2.59%) than the support at kr104.80 (9.66%), 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 Volati AB 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 Volati AB stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.883 Buy Candidate Upgraded
Predicted Opening Price for Volati AB of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr115.60 ( 0.345%) | kr116.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOLO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 119.20 | 2.76 % | |
| R2 | 117.82 | 1.57 % | ||
| R1 | 116.98 | 0.84 % | ||
| Current price: | 116.00 | |||
| Support | S1 | 114.22 | -1.53 % | |
| S2 | 113.38 | -2.26 % | ||
| S3 | 112.00 | -3.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 120.20 | 3.62 % | |
| R2 | 120.00 | 3.45 % | ||
| R1 | 119.00 | 2.59 % | ||
| Current price | 116.00 | |||
| Support | S1 | 104.80 | -9.66% | |
| S2 | 104.20 | -10.17% | ||
| S3 | 99.00 | -14.66% |
VOLO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr1.90 | 1.81% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr1.80 | 1.78% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr1.70 | 1.20% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr1.20 | 1.05% |
| 5 | Feb 11, 2021 | Feb 11, 2021 | Feb 11, 2021 | kr8.90 | 8.46% |
FAQ
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