Euronav NV Stock Forecast
Red day on Wednesday for Euronav NV
(Updated on Mar 27, 2024)
The Euronav NV stock price fell by -0.527% on the last day (Wednesday, 27th Mar 2024) from 15.18€ to 15.10€. During the last trading day the stock fluctuated 1.03% from a day low at 15.04€ to a day high of 15.20€. The price has been going up and down for this period, and there has been a -7.08% loss for the last 2 weeks. 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 -229 thousand shares and in total, 158 thousand shares were bought and sold for approximately 2.38€ million.
The stock lies in the middle of a wide and 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 -5.54% during the next 3 months and, with a 90% probability hold a price between 12.25€ and 15.11€ at the end of this 3-month period.
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EURN.BB Signals & Forecast
There are mixed signals in the stock today. The Euronav NV stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 15.93€. On a fall, the stock will find some support from the short-term average at 14.51€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -0.527%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Euronav NV stock
On the downside, the stock finds support just below today's level from accumulated volume at 14.18€ and 13.96€. 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, Euronav NV finds support just below today's level at 14.18€. If this is broken, then the next support from accumulated volume will be at 13.96€ and 13.04€.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.155€ between high and low, or 1.03%. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EURN.BB) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect Euronav NV to open at 15.11€, and during the day (based on 14 day Average True Range), to move between 14.65€ and 15.55€, which gives a possible trading interval of +/-0.454€ (+/-3.01%) up or down from last closing price. If Euronav NV takes out the full calculated possible swing range there will be an estimated 6.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 15.60€ (3.31%) than the support at 14.18€ (6.09%), 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 Euronav NV stock A Buy?
Euronav NV 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: -3.323 Sell Candidate Unchanged
Predicted Opening Price for Euronav NV of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
15.11€ ( 0.0773%) | 15.10€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EURN.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 15.27 | 1.10 % | |
R2 | 15.21 | 0.712 % | ||
R1 | 15.17 | 0.469 % | ||
Current price: | 15.10 | |||
Support | S1 | 15.05 | -0.315 % | |
S2 | 15.02 | -0.557 % | ||
S3 | 14.96 | -0.95 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.30 | 7.95 % | |
R2 | 16.24 | 7.55 % | ||
R1 | 15.60 | 3.31 % | ||
Current price | 15.10 | |||
Support | S1 | 14.18 | -6.09% | |
S2 | 13.96 | -7.55% | ||
S3 | 13.04 | -13.64% |
EURN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Dec 12, 2023 | Dec 12, 2023 | Dec 12, 2023 | 0€ | 0% |
2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | 0.80€ | 0% |
3 | Jun 08, 2023 | Jun 08, 2023 | Jun 08, 2023 | 0.700€ | 0% |
4 | Jun 01, 2023 | Jun 01, 2023 | Jun 01, 2023 | 1.10€ | 0% |
5 | Aug 30, 2022 | Aug 30, 2022 | Aug 30, 2022 | 0.0300€ | 0% |
FAQ
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