Yara International ASA Stock Forecast
Yara International ASA stock downgraded to Sell Candidate
(Updated on Jul 02, 2024)
The Yara International ASA stock price fell by -1.27% on the last day (Tuesday, 2nd Jul 2024) from kr307.10 to kr303.20. During the last trading day the stock fluctuated 1.78% from a day low at kr302.80 to a day high of kr308.20. The price has risen in 6 of the last 10 days and is up by 0.93% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -36 thousand shares and in total, 525 thousand shares were bought and sold for approximately kr159.05 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -11.72% during the next 3 months and, with a 90% probability hold a price between kr256.21 and kr279.75 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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YAR.OL Signals & Forecast
There are mixed signals in the stock today. The Yara International 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 kr306.10 and kr314.29. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.68%. 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).
Support, Risk & Stop-loss for Yara International ASA stock
Yara International ASA finds support from accumulated volume at kr302.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr5.40 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (YAR.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Yara International ASA to open at kr304.73, and during the day (based on 14 day Average True Range), to move between kr296.85 and kr309.55, which gives a possible trading interval of +/-kr6.35 (+/-2.09%) up or down from last closing price. If Yara International ASA takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr302.90 (0.10%) than the resistance at kr311.10 (2.61%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Yara International ASA stock A Buy?
Yara International ASA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -3.759 Sell Candidate Downgraded
Predicted Opening Price for Yara International ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr304.73 ( 0.506%) | kr303.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for YAR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 310.13 | 2.29% |
| R2 | 308.07 | 1.61% |
| R1 | 306.80 | 1.19% |
| Price | 303.20 | |
| S1 | 302.67 | -0.175% |
| S2 | 301.40 | -0.595% |
| S3 | 299.33 | -1.28% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 334.40 | 10.29% |
| R2 | 318.70 | 5.11% |
| R1 | 311.10 | 2.61% |
| Price | 303.20 | |
| S1 | 302.90 | -0.0989% |
| S2 | 300.50 | -0.89% |
| S3 | 298.20 | -1.65% |
YAR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2024 | May 29, 2024 | Jun 06, 2024 | kr5.00 | 1.60% |
| 2 | Jun 13, 2023 | Jun 13, 2023 | Jun 13, 2023 | kr55.00 | 14.52% |
| 3 | Dec 07, 2022 | Dec 07, 2022 | Dec 07, 2022 | kr10.00 | 2.33% |
| 4 | May 11, 2022 | May 11, 2022 | May 11, 2022 | kr30.00 | 6.73% |
| 5 | Sep 07, 2021 | Sep 07, 2021 | Sep 07, 2021 | kr20.00 | 4.84% |
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