VOW ASA Stock Forecast
Big movements in VOW ASA stock price on Tuesday moving 10.18% between high and low
(Updated on Jun 25, 2024)
The VOW ASA stock price gained 1.38% on the last trading day (Tuesday, 25th Jun 2024), rising from kr5.80 to kr5.88. During the last trading day the stock fluctuated 10.18% from a day low at kr5.70 to a day high of kr6.28. The price has fallen in 6 of the last 10 days and is down by -12.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 134 thousand more shares were traded than the day before. In total, 175 thousand shares were bought and sold for approximately kr1.03 million.
The stock is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect VOW ASA stock with a 90% probability to be traded between kr4.92 and kr7.75 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VOW.OL Signals & Forecast
VOW ASA 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The VOW 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 kr5.91 and kr6.47. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -25.10%. 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).
Support, Risk & Stop-loss for VOW ASA stock
VOW ASA finds support from accumulated volume at kr5.80 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 kr0.580 between high and low, or 10.18%. For the last week, the stock has had daily average volatility of 6.26%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VOW.OL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect VOW ASA to open at kr5.95, and during the day (based on 14 day Average True Range), to move between kr5.48 and kr6.28, which gives a possible trading interval of +/-kr0.402 (+/-6.83%) up or down from last closing price. If VOW ASA takes out the full calculated possible swing range there will be an estimated 13.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr5.80 (1.36%) than the resistance at kr6.25 (6.29%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is VOW ASA stock A Buy?
VOW ASA holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.929 Sell Candidate Unchanged
Predicted Opening Price for VOW ASA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr5.95 ( 1.25%) | kr5.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOW.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.53 | 11.11% |
| R2 | 6.31 | 7.34% |
| R1 | 6.17 | 5.02% |
| Price | 5.88 | |
| S1 | 5.73 | -2.52% |
| S2 | 5.59 | -4.85% |
| S3 | 5.37 | -8.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.06 | 20.07% |
| R2 | 6.96 | 18.37% |
| R1 | 6.25 | 6.29% |
| Price | 5.88 | |
| S1 | 5.80 | -1.36% |
| S2 | 5.49 | -6.63% |
| S3 | 5.03 | -14.46% |
VOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2019 | May 24, 2019 | Jun 04, 2019 | kr0.100 | 0.84% |
FAQ
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