Yara International ASA Stock Forecast
Yara International ASA stock downgraded from Hold/Accumulate to Sell Candidate after Tuesday trading session.
(Updated on Jun 25, 2024)
The Yara International ASA stock price gained 0.196% on the last trading day (Tuesday, 25th Jun 2024), rising from kr305.50 to kr306.10. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.55% from a day low at kr303.80 to a day high of kr308.50. The price has been going up and down for this period, and there has been a -3.07% loss for the last 2 weeks. Volume fell on the last day by -157 thousand shares and in total, 505 thousand shares were bought and sold for approximately kr154.54 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
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 -11.70% during the next 3 months and, with a 90% probability hold a price between kr259.31 and kr282.49 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 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 kr315.87. On a fall, the stock will find some support from the short-term average at kr301.47. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 2.65%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
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 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 kr4.70 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 1.96%.
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 26th
For the upcoming trading day on Wednesday, 26th we expect Yara International ASA to open at kr306.13, and during the day (based on 14 day Average True Range), to move between kr299.38 and kr312.82, which gives a possible trading interval of +/-kr6.72 (+/-2.20%) up or down from last closing price. If Yara International ASA takes out the full calculated possible swing range there will be an estimated 4.39% 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 (1.05%) than the resistance at kr311.10 (1.63%), 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: -2.135 Sell Candidate Downgraded
Predicted Opening Price for Yara International ASA of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr306.13 ( 0.0109%) | kr306.10 |
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 | 310.83 | 1.55% |
| R2 | 309.04 | 0.96% |
| R1 | 307.93 | 0.597% |
| Price | 306.10 | |
| S1 | 304.34 | -0.576% |
| S2 | 303.23 | -0.94% |
| S3 | 301.43 | -1.52% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 334.40 | 9.25% |
| R2 | 318.70 | 4.12% |
| R1 | 311.10 | 1.63% |
| Price | 306.10 | |
| S1 | 302.90 | -1.05% |
| S2 | 300.50 | -1.83% |
| S3 | 298.20 | -2.58% |
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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