Marine Harvest ASA Stock Analysis
Technical stock analysis for 22 January 2019
No changes to the price of Marine Harvest ASA in the last trading day. The price has risen in 6 of the last 10 days and is up by 7.25% over the past 2 weeks.
Close price at the end of the last trading day (Tuesday, 22nd Jan 2019) of the 0KAU.L stock was 191.25 kr.
During day the stock fluctuated 0.00% from a day low at 191.25 kr to a day high of 191.25 kr.
30 day high of the 0KAU.L stock price was 191.93 kr and low was 174.50 kr.
90 day high was 206.15 kr and low was 174.50 kr.
52 week high for the Marine Harvest ASA - 206.15 kr and low - 130.20 kr.
Marine Harvest ASA lies the upper part of a falling trend in the short term, and this will normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at 191.56 kr will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.83% during the next 3 months and, with 90% probability hold a price between 157.81 kr and 172.73 kr at the end of this period.
Marine Harvest ASA holds buy signals from both short- and long-term moving averages, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down there will be some support from the lines at 187.91 kr and 188.31 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 Monday January 21, 2019, which indicates further falls until a new bottom pivot has been found. 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.
Relative Strength Index (RSI)
RSI14 is 61 and the stock is currently not being overbought or oversold
Support & Resistance
Marine Harvest ASA finds support from accumulated volume at 185.60 kr.
This stock may move much during a day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.00 kr between high and low, or 0.00%. For the last week the stock has had a daily average volatility of 2.92%.
Our recommended stoploss: 184.02 kr (-3.78%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from pivot top found 1 days ago.)
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Marine Harvest ASA holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Buy Candidate to a Hold/Accumulate.