Eimskipafelag Islands hf. Stock Forecast
Eimskipafelag Islands hf. stock price down 0.297% on Thursday
(Updated on Apr 18, 2024)
The Eimskipafelag Islands hf. stock price fell by -0.297% on the last day (Thursday, 18th Apr 2024) from 337.00 Íkr to 336.00 Íkr. During the last trading day the stock fluctuated 0.595% from a day low at 336.00 Íkr to a day high of 338.00 Íkr. The price has fallen in 6 of the last 10 days and is down by -6.93% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -98 thousand shares and in total, 215 thousand shares were bought and sold for approximately 72.34 Íkr million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -26.84% during the next 3 months and, with a 90% probability hold a price between 239.82 Íkr and 256.32 Íkr at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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EIM.IC Signals & Forecast
There are mixed signals in the stock today. The Eimskipafelag Islands hf. 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 337.29 Íkr and 364.74 Íkr. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 1.20%. 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 Eimskipafelag Islands hf. stock
Eimskipafelag Islands hf. finds support from accumulated volume at 332.00 Íkr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.00 Íkr between high and low, or 0.595%. For the last week, the stock has had daily average volatility of 1.14%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EIM.IC) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Eimskipafelag Islands hf. to open at 336.67 Íkr, and during the day (based on 14 day Average True Range), to move between 329.27 Íkr and 342.73 Íkr, which gives a possible trading interval of +/-6.73 Íkr (+/-2.00%) up or down from last closing price. If Eimskipafelag Islands hf. takes out the full calculated possible swing range there will be an estimated 4.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 332.00 Íkr (1.19%) than the resistance at 342.00 Íkr (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eimskipafelag Islands hf. stock A Buy?
Eimskipafelag Islands hf. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.342 Sell Candidate Unchanged
Predicted Opening Price for Eimskipafelag Islands hf. of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| 336.67 Íkr ( 0.198%) | 336.00 Íkr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EIM.IC
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 338.67 | 0.794 % | |
| R2 | 337.90 | 0.566 % | ||
| R1 | 337.43 | 0.426 % | ||
| Current price: | 336.00 | |||
| Support | S1 | 335.90 | -0.0290 % | |
| S2 | 335.43 | -0.169 % | ||
| S3 | 334.67 | -0.397 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 400.00 | 19.05 % | |
| R2 | 372.00 | 10.71 % | ||
| R1 | 342.00 | 1.79 % | ||
| Current price | 336.00 | |||
| Support | S1 | 332.00 | -1.19% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
EIM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 08, 2024 | Mar 08, 2024 | Mar 08, 2024 | 0 Íkr | 0% |
| 2 | Mar 10, 2023 | Mar 10, 2023 | Mar 10, 2023 | 20.80 Íkr | 3.78% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 6.14 Íkr | 1.10% |
| 4 | Mar 18, 2022 | Mar 18, 2022 | Mar 18, 2022 | 14.27 Íkr | 2.59% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | 2.47 Íkr | 0.89% |
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