Viking Supply Ships AB (publ) Stock Forecast
Viking Supply Ships AB (publ) stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The Viking Supply Ships AB (publ) stock price gained 0.483% on the last trading day (Friday, 3rd May 2024), rising from kr103.50 to kr104.00. During the last trading day the stock fluctuated 3.96% from a day low at kr101.00 to a day high of kr105.00. The price has fallen in 5 of the last 10 days and is down by -1.89% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 136 more shares were traded than the day before. In total, 695 shares were bought and sold for approximately kr72.28 thousand.
The stock lies in the lower part of a 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 kr101.51 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 13.08% during the next 3 months and, with a 90% probability hold a price between kr114.79 and kr135.22 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
VSSAB-B.ST Signals & Forecast
The Viking Supply Ships AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr104.21. On a fall, the stock will find some support from the long-term average at approximately kr103.63. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Viking Supply Ships AB (publ) 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. The very low volume increases the risk and reduces the other technical signals issued. 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 Monday, April 08, 2024, and so far it has fallen -9.96%. 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 Viking Supply Ships AB (publ) stock
Viking Supply Ships AB (publ) finds support from accumulated volume at kr101.00 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 kr4.00 between high and low, or 3.96%. For the last week, the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: kr99.26 (-4.56%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 18 days ago.)
Trading Expectations (VSSAB-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Viking Supply Ships AB (publ) to open at kr103.33, and during the day (based on 14 day Average True Range), to move between kr98.66 and kr109.34, which gives a possible trading interval of +/-kr5.34 (+/-5.13%) up or down from last closing price. If Viking Supply Ships AB (publ) takes out the full calculated possible swing range there will be an estimated 10.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr101.00 (2.88%) than the resistance at kr112.50 (8.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Viking Supply Ships AB (publ) 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 Viking Supply Ships AB (publ) 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: 3.397 Buy Candidate Upgraded
Predicted Opening Price for Viking Supply Ships AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr103.33 ( 0.641%) | kr104.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VSSAB-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 107.33 | 3.21 % | |
| R2 | 105.81 | 1.74 % | ||
| R1 | 104.86 | 0.83 % | ||
| Current price: | 104.00 | |||
| Support | S1 | 101.81 | -2.11 % | |
| S2 | 100.86 | -3.02 % | ||
| S3 | 99.33 | -4.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.50 | 11.06 % | |
| R2 | 113.00 | 8.65 % | ||
| R1 | 112.50 | 8.17 % | ||
| Current price | 104.00 | |||
| Support | S1 | 101.00 | -2.88% | |
| S2 | 95.00 | -8.65% | ||
| S3 | 94.10 | -9.52% |
VSSAB-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 07, 2019 | Mar 07, 2019 | Mar 07, 2019 | kr106.74 | 108.92% |
| 2 | Jun 15, 2015 | Jun 15, 2015 | Jun 15, 2015 | kr35.88 | 8.96% |
| 3 | Apr 24, 2009 | Apr 24, 2009 | Apr 24, 2009 | kr127.22 | 8.46% |
| 4 | Apr 30, 2008 | Apr 30, 2008 | Apr 30, 2008 | kr127.22 | 5.06% |
| 5 | Apr 26, 2007 | Apr 26, 2007 | Apr 26, 2007 | kr101.77 | 3.24% |
FAQ
Click here for our free guide on how to buy Viking Supply Ships AB (publ) Stock.
