Kvika banki hf. Stock Forecast

Kvika banki hf. stock price down 1.37% on Tuesday
(Updated on Apr 23, 2024)

KVIKA.IC Signals & Forecast

A buy signal was issued from a pivot bottom point on Tuesday, April 02, 2024, and so far it has risen 0.525%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Kvika banki 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 14.58 Íkr and 14.93 Íkr. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Kvika banki hf. stock

Kvika banki hf. finds support from accumulated volume at 14.30 Íkr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.200 Íkr between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (KVIKA.IC) For The Upcoming Trading Day Of Wednesday 24th

For the upcoming trading day on Wednesday, 24th we expect Kvika banki hf. to open at 14.32 Íkr, and during the day (based on 14 day Average True Range), to move between 14.05 Íkr and 14.65 Íkr, which gives a possible trading interval of +/-0.300 Íkr (+/-2.09%) up or down from last closing price. If Kvika banki hf. takes out the full calculated possible swing range there will be an estimated 4.18% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 14.30 Íkr (0.35%) than the resistance at 14.90 Íkr (3.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Kvika banki hf. stock A Buy?

Kvika banki hf. holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.

Current score: -2.202 Sell Candidate Unchanged

Predicted Opening Price for Kvika banki hf. of Wednesday, April 24, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.