Viking Supply Ships AB (publ) Stock Forecast
Viking Supply Ships AB (publ) stock price ended at kr100.00 on Friday, after losing 1.96%.
(Updated on May 17, 2024)
The Viking Supply Ships AB (publ) stock price fell by -1.96% on the last day (Friday, 17th May 2024) from kr102.00 to kr100.00. During the last trading day the stock fluctuated 3.00% from a day low at kr100.00 to a day high of kr103.00. The price has fallen in 5 of the last 10 days and is down by -3.38% for this period. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 3 thousand shares were bought and sold for approximately kr304.70 thousand.
Given the current short-term trend, the stock is expected to rise 8.70% during the next 3 months and, with a 90% probability hold a price between kr108.70 and kr130.24 at the end of this 3-month period.
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VSSAB-B.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Viking Supply Ships AB (publ) 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 kr102.36 and kr104.57. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -13.42%. 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). Viking Supply Ships AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Viking Supply Ships AB (publ) stock
Viking Supply Ships AB (publ) finds support from accumulated volume at kr98.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr3.00 between high and low, or 3.00%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VSSAB-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Viking Supply Ships AB (publ) to open at kr101.00, and during the day (based on 14 day Average True Range), to move between kr96.03 and kr103.97, which gives a possible trading interval of +/-kr3.97 (+/-3.97%) 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 7.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr101.00 (1.00%) than the support at kr98.30 (1.70%), 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.
Earnings coming up
Viking Supply Ships AB (publ) will release earnings BMO on Tuesday, May 21, 2024. We will update the financials statements for Viking Supply Ships AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 9.00% in the first trading day after earnings release.
Is Viking Supply Ships AB (publ) stock A Buy?
The Viking Supply Ships AB (publ) stock holds several negative signals and despite the positive trend, we believe Viking Supply Ships AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.629 Sell Candidate Unchanged
Predicted Opening Price for Viking Supply Ships AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr101.00 ( 1.00%) | kr100.00 |
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 | 104.00 | 4.00 % | |
| R2 | 102.85 | 2.85 % | ||
| R1 | 102.15 | 2.15 % | ||
| Current price: | 100.00 | |||
| Support | S1 | 99.85 | -0.146 % | |
| S2 | 99.15 | -0.85 % | ||
| S3 | 98.00 | -2.00 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 115.50 | 15.50 % | |
| R2 | 113.00 | 13.00 % | ||
| R1 | 101.00 | 1.00 % | ||
| Current price | 100.00 | |||
| Support | S1 | 98.30 | -1.70% | |
| S2 | 95.00 | -5.00% | ||
| S3 | 94.10 | -5.90% |
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
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