Today 0GBV.L ranks # as BUY CANDIDATE.
Today 0GBV.L ranks # as BUY CANDIDATE.

0GBV.L stock Tryg AS

0GBV.L stock
Tryg AS

April 24, 2019
Change 0.87%
Chart period: 2019-01-25 - 2019-04-24
VOLUME
Buy
TREND
Buy

MV LONG
Buy

MV SHORT
Buy

PIVOT
Buy

MACD
Buy

Will 0GBV.L stock price go up or down on Fri, 26 Apr 2019?

Tryg AS Forecast and Stock Analysis

Technical 0GBV.L stock analysis for April 24, 2019.

Buy candidate since 2019-03-20 Gain 8.72%

Tryg AS gained 0.87% in the last trading day, rising from 200.25 kr to 202.00 kr The price has risen in 6 of the last 10 days and is up by 6.93% over the past 2 weeks. Volume has increased in the last day along with the price, which is a positive technical sign, and, in total, 43 042 more shares were traded than the day before. In total, 55 343 shares bought and sold for approximately 11.18 kr million.

Close price at the end of the last trading day (Wednesday, 24th Apr 2019) of the 0GBV.L stock was 202.00 kr. This is 0.87% more than the trading day before Tuesday, 23rd Apr 2019.

During day the stock fluctuated 2.54% from a day low at 198.50 kr to a day high of 203.55 kr.

30 day high of the 0GBV.L stock price was 203.55 kr and low was 177.50 kr.
90 day high was 203.55 kr and low was 162.50 kr.
52 week high for the Tryg AS - 203.55 kr and low - 139.20 kr.

Trend

Tryg AS has broken the narrow and strong rising the short-term trend up and an even stronger rising rate is indicated. For any reaction back there will now be support on the roof on the current trend broken at 197.35 kr, a level that may pose a second chance to hit a runner. According to fan-theory 203.31 kr will be the next possible trend-top level and thereby pose a resistance level which may not be broken at the first attempt.

Click here for today's Top 5 Trending Companies

Signals

Only positive signals in the chart today. 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 199.73 kr and 187.09 kr. A break down below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday March 27, 2019, which indicates further gains until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal.

The stock had a Golden Star Signal* on Tuesday May 29, 2018 in the medium-term chart.

* 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.

Access today's Top 5 Golden Star Companies

Relative Strength Index (RSI)

RSI14 is 96 and the stock is extremely overbought on RSI14, but may also ontinue to gain. Some stocks see their best performance while being overbought, but very seldom does RSI remain so high for a long time without short corrections. Risk has therefore increased and larger daily movements can be expected for the next couple of days.

Access full RSI 14 and RSI 21 lists

Support & Resistance

On the downside, the stock finds support just below today's level from accumulated volume at 184.40 kr and 182.85 kr.

There is 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, Tryg AS finds support just below today's level at 184.40 kr. If this is broken, then the next support from accumulated volume will be at 182.85 kr and 181.30 kr.

Support: 184.40 kr Price: 202.00 kr

Risk

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 5.05 kr (2.54%) between high and low. For the last week, the stock has had a daily average volatility of 2.17%.

The stock is extremely overbought on RSI14 (96). Normally this will pose a good selling opportunity, but since the stock has broken the trend up the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.

Our recommended stoploss: 191.76 kr (-5.07%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 96 and this increases the risk substantially. There is a buy signal from pivot bottom found 18 days ago.)

Overall risk:

Very Low Low Medium High Very High

Evaluation: Strong Buy Candidate

Tryg AS holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape, we therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Strong Buy Candidate.

Today 0GBV.L ranks # as BUY CANDIDATE.
Today 0GBV.L ranks # as BUY CANDIDATE.