Tryg AS Forecast and Stock Analysis
Technical 0GBV.L stock analysis for February 15, 2019.
Tryg AS fell by -0.75% in the last day from 173.30 kr to 172.00 kr The price has risen in 6 of the last 10 days and is up by 3.21% over the past 2 weeks. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -99 638 shares and in total 14 271 shares bought and sold for approximately 2.45 kr million.
Close price at the end of the last trading day (Friday, 15th Feb 2019) of the 0GBV.L stock was 172.00 kr. This is 0.75% less than the trading day before Thursday, 14th Feb 2019.
During day the stock fluctuated 2.56% from a day low at 168.10 kr to a day high of 172.40 kr.
30 day high of the 0GBV.L stock price was 173.30 kr and low was 157.00 kr.
90 day high was 173.30 kr and low was 154.10 kr.
52 week high for the Tryg AS - 173.30 kr and low - 134.50 kr.
Tryg AS lies in the middle of a weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.38% during the next 3 months and, with 90% probability hold a price between 173.55 kr and 185.99 kr at the end of this period.
Tryg AS holds buy signals from both short- and long-term moving averages. In addition, 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 171.75 kr and 166.95 kr. A break down below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sales signal was issued from a pivot top point on Thursday February 14, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
* Golden Star Signal* is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Relative Strength Index (RSI)
RSI14 is 59 and the stock is currently not being overbought or oversold
Support & Resistance
Tryg AS finds support from accumulated volume at 165.50 kr.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 4.30 kr (2.56%) between high and low. For the last week, the stock has had a daily average volatility of 2.68%.
Our recommended stoploss: 164.68 kr (-4.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
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Evaluation: Buy Candidate
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 this stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Buy Candidate.