Marine Harvest ASA Forecast and Stock Analysis
Technical 0KAU.L stock analysis for March 22, 2019.
Marine Harvest ASA fell by -0.52% in the last day from 201.15 kr to 200.10 kr The price has been going up and down for this period, and there has been a -3.8% loss for the last 2 weeks. Volume has increased in the last day by 3 265 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 99 768 shares bought and sold for approximately 19.96 kr million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the 0KAU.L stock was 200.10 kr. This is 0.52% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.21% from a day low at 198.05 kr to a day high of 202.43 kr.
30 day high of the 0KAU.L stock price was 209.30 kr and low was 190.90 kr.
90 day high was 209.30 kr and low was 174.50 kr.
52 week high for the Marine Harvest ASA - 209.30 kr and low - 148.75 kr.
Marine Harvest ASA lies in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trend line at 198.33 kr will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.24% during the next 3 months and, with 90% probability hold a price between 224.59 kr and 239.67 kr at the end of this period.
Marine Harvest ASA holds a sales signal from the short-term moving average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock. On further gains, the stock will meet resistance from the short-term moving average at approximately 200.95 kr. On a fall, the stock will find some support from the long-term average at approximately 198.81 kr. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sales signal. A buy signal was issued from a pivot bottom point on Friday March 15, 2019, which indicates further gains until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 43 and the stock is currently not being overbought or oversold
Support & Resistance
Marine Harvest ASA finds support from accumulated volume at 199.78 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 4.38 kr (2.21%) between high and low. For the last week, the stock has had a daily average volatility of 2.35%.
Our recommended stoploss: 189.70 kr (-5.20%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 5 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.