Yara International ASA. Stock Forecast

Yara International ASA. stock price ended at £398.40 on Thursday, after losing 0%.
(Updated on Aug 08, 2019)

0GJZ.L 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 £398.40 and £400.63. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Tuesday, July 02, 2019, and so far it has fallen 0%. 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

On the downside, the stock finds support just below today's level from accumulated volume at £362.75 and £357.45. 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, Yara International ASA. finds support just below today's level at £362.75. If this is broken, then the next support from accumulated volume will be at £357.45 and £355.90.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%

Our recommended stop-loss: £374.50 (-6.00%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (0GJZ.L) For The Upcoming Trading Day Of Friday 9th

For the upcoming trading day on Friday, 9th we expect Yara International ASA. to open at £398.40, and during the day (based on 14 day Average True Range), to move between £396.70 and £400.10, which gives a possible trading interval of +/-£1.70 (+/-0.43%) up or down from last closing price. If Yara International ASA. takes out the full calculated possible swing range there will be an estimated 0.85% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at £404.15 (1.44%) than the support at £362.75 (8.95%), 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 Yara International ASA. stock A Buy?

Yara International ASA. holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.849 Hold/Accumulate Unchanged

Predicted Opening Price for Yara International ASA. of Friday, August 9, 2019

The predicted opening price is based on yesterday's movements between high, low, and closing price.