Marine Harvest ASA Forecast and Stock Analysis
Technical 0KAU.L stock analysis for Wednesday June 19, 2019.
Marine Harvest ASA fell by -0.20% in the last day ( Wednesday, 19th Jun 2019 ) from 204.60 kr to 204.20 kr and has now fallen 4 days in a row. During day the stock fluctuated 3.32% from a day low at 200.10 kr to a day high of 206.75 kr. The price has fallen in 5 of the last 10 days and is down by -0.34% for this period. Volume has increased in the last day by 43 744 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, 64 856 shares bought and sold for approximately 13.24 kr million.
- 30 day high of the 0KAU.L stock price was 214.10 kr and low was 197.00 kr.
- 90 day high was 214.10 kr and low was 182.55 kr.
- 52 week high for the Marine Harvest ASA - 214.10 kr and low - 158.95 kr.
Marine Harvest ASA lies in the middle of a wide and 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 8.64% during the next 3 months and, with 90% probability hold a price between 212.93 kr and 234.89 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 205.84 kr. On a fall, the stock will find some support from the long-term average at approximately 201.70 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 Thursday June 13, 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 48 and the stock is currently not being overbought or oversold
Support & Resistance
Marine Harvest ASA finds support from accumulated volume at 196.95 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 6.65 kr (3.32%) between high and low. For the last week, the stock has had a daily average volatility of 2.64%.
Our recommended stoploss: 193.66 kr (-5.16%) (This stock has low daily movements and this gives low risk. There is a buy signal from pivot bottom found 4 days ago.)
2.64 %Average volatility
Very Low Low Medium High Very High
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.
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