Zalaris ASA Stock Forecast
Green day on Thursday for Zalaris ASA
(Updated on May 02, 2024)
The Zalaris ASA stock price gained 1.14% on the last trading day (Thursday, 2nd May 2024), rising from kr70.00 to kr70.80. During the last trading day the stock fluctuated 1.14% from a day low at kr70.00 to a day high of kr70.80. The price has risen in 5 of the last 10 days and is up by 4.12% over the past 2 weeks. Volume fell on the last day by -15 thousand shares and in total, 5 thousand shares were bought and sold for approximately kr354.57 thousand. 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 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 kr70.48 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 52.73% during the next 3 months and, with a 90% probability hold a price between kr107.65 and kr126.13 at the end of this 3-month period.
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ZAL.OL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -3.54%. 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). 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 also not. The Zalaris ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr70.23 and kr67.51. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Zalaris ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr60.00 and kr59.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Zalaris ASA finds support just below today's level at kr60.00. If this is broken, then the next support from accumulated volume will be at kr59.80 and kr57.00.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.800 between high and low, or 1.14%. For the last week the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: kr68.23 (-3.63%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (ZAL.OL) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Zalaris ASA to open at kr70.53, and during the day (based on 14 day Average True Range), to move between kr68.39 and kr73.21, which gives a possible trading interval of +/-kr2.41 (+/-3.40%) up or down from last closing price. If Zalaris ASA takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr71.20 (0.56%) than the support at kr60.00 (15.25%), 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.
Is Zalaris ASA 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 Zalaris ASA stock to perform well in the short-term.
Current score: 4.487 Buy Candidate Unchanged
Predicted Opening Price for Zalaris ASA of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr70.53 ( 0.377%) | kr70.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZAL.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.33 | 0.753 % | |
| R2 | 71.03 | 0.322 % | ||
| R1 | 70.84 | 0.0550 % | ||
| Current price: | 70.80 | |||
| Support | S1 | 70.23 | -0.81 % | |
| S2 | 70.04 | -1.07 % | ||
| S3 | 69.73 | -1.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.40 | 3.67 % | |
| R2 | 73.00 | 3.11 % | ||
| R1 | 71.20 | 0.565 % | ||
| Current price | 70.80 | |||
| Support | S1 | 60.00 | -15.25% | |
| S2 | 59.80 | -15.54% | ||
| S3 | 57.00 | -19.49% |
ZAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 20, 2022 | May 20, 2022 | May 20, 2022 | kr0.350 | 0.92% |
| 2 | May 21, 2021 | May 21, 2021 | May 21, 2021 | kr1.00 | 1.61% |
| 3 | Apr 24, 2018 | May 16, 2018 | May 30, 2018 | kr0.650 | 1.44% |
| 4 | Feb 28, 2017 | May 18, 2017 | May 30, 2017 | kr0.87 | 1.83% |
| 5 | Mar 11, 2016 | May 18, 2016 | May 27, 2016 | kr0.85 | 2.64% |
FAQ
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