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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VOLUE.OL
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Green day on Friday for Volue AS
(Updated on Jun 21, 2024)

Sell candidate since Jun 14, 2024 Loss -1.99% PDF

The Volue AS stock price gained 0.169% on the last trading day (Friday, 21st Jun 2024), rising from kr29.50 to kr29.55. During the last trading day the stock fluctuated 2.21% from a day low at kr29.35 to a day high of kr30.00. The price has been going up and down for this period, and there has been a -1.99% loss for the last 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 30 thousand shares were bought and sold for approximately kr873.26 thousand. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr28.37 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.77% during the next 3 months and, with a 90% probability hold a price between kr31.99 and kr41.25 at the end of this 3-month period.

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VOLUE.OL Signals & Forecast

There are few to no technical positive signals at the moment. The Volue AS 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 kr30.19 and kr30.88. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -15.09%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Volue AS stock

Volue AS finds support from accumulated volume at kr28.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.650 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 2.72%.

Volue AS is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VOLUE.OL) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Volue AS to open at kr29.63, and during the day (based on 14 day Average True Range), to move between kr28.31 and kr30.79, which gives a possible trading interval of +/-kr1.24 (+/-4.19%) up or down from last closing price. If Volue AS takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr29.90 (1.18%) than the support at kr28.20 (4.57%), 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 Volue AS stock A Buy?

The Volue AS stock holds several negative signals and despite the positive trend, we believe Volue AS will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -2.297 Sell Candidate Unchanged

Predicted Opening Price for Volue AS of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
kr29.63 ( 0.282%) kr29.55

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VOLUE.OL

Fibonacci Support & Resistance Levels

Level Price
R3 30.28 2.48%
R2 30.04 1.64%
R1 29.88 1.12%
Price 29.55
S1 29.39 -0.558%
S2 29.23 -1.08%
S3 28.98 -1.92%

Accumulated Volume Support & Resistance Levels

Level Price
R3 32.10 8.63%
R2 30.00 1.52%
R1 29.90 1.18%
Price 29.55
S1 28.20 -4.57%
S2 27.90 -5.58%
S3 27.85 -5.75%

FAQ

What is the symbol for Volue AS Stock and on which exchange is it traded?
The symbol for Volue AS is VOLUE.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell Volue AS Stock?
The Volue AS stock holds several negative signals and despite the positive trend, we believe Volue AS will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

How to buy Volue AS Stock?
Volue AS Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Volue AS Stock.

What's the current price of Volue AS Stock?
As of the end of day on the Jun 21, 2024, the price of an Volue AS (VOLUE.OL) share was kr29.55.

What is the 52-week high and low for Volue AS Stock?
The 52-week high for Volue AS Stock is kr35.35 and the 52-week low is kr17.00.

What is the market capitalization of Volue AS Stock?
As of the Jun 21, 2024, the market capitalization of Volue AS is 4.251B.

When is the next earnings date for Volue AS?
The upcoming earnings date for Volue AS is Aug 15, 2024.
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About Volue AS

Volue AS Volue ASA provides software and technology solutions for the energy, power grid, and infrastructure markets worldwide. It operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment enables end-to-end optimization of the green energy value-chain by offering software solutions and consulting services related to forecasting and optimization of the energy markets. The Power Grid segment enables power distributors to suppor... VOLUE.OL Profile

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