Voss Veksel OG Landmands B Stock Forecast

Voss Veksel OG Landmands B stock upgraded to Hold/Accumulate.
(Updated on May 31, 2024)

VVL.OL Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.17%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Voss Veksel OG Landmands B stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr261.03. On a fall, the stock will find some support from the short-term average at kr257.71. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Voss Veksel OG Landmands B stock

Voss Veksel OG Landmands B finds support from accumulated volume at kr258.00 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr2.00 between high and low, or 0.775%. For the last week the stock has had daily average volatility of 0.470%

Our recommended stop-loss: kr249.23 (-4.14%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)

Trading Expectations (VVL.OL) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Voss Veksel OG Landmands B to open at kr259.33, and during the day (based on 14 day Average True Range), to move between kr256.24 and kr263.76, which gives a possible trading interval of +/-kr3.76 (+/-1.45%) up or down from last closing price. If Voss Veksel OG Landmands B takes out the full calculated possible swing range there will be an estimated 2.89% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr258.00 (0.77%) than the resistance at kr264.00 (1.54%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Voss Veksel OG Landmands B stock A Buy?

Voss Veksel OG Landmands B holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.410 Hold/Accumulate Upgraded

Predicted Opening Price for Voss Veksel OG Landmands B of Monday, June 3, 2024

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