Free Grong Sparebank (GRONG) Technical Analysis Signals

Overal Signal
Sell
Signals
Sell Neutral Neutral Neutral
Last Update / Period
30 Apr / Daily
Category/Currency
Stocks/USD
Exchange/Country
XOSL/Norway

Grong Sparebank (GRONG) signal with technical analysis on 30 Apr

On 30 Apr, we conducted a comprehensive technical analysis of Grong Sparebank (GRONG), considering 256 signals with intricate details. Here are the key findings: 65 signals suggested buy strategies, while 69 indicated sell strategies. The remaining 122 signals remained neutral without offering a specific direction.
The 256 signals were categorized into four distinct strategies, each consisting of 64 signals. Let's dive into the details of each strategy:

Strategy 1:
Buy Signals: 9
Sell Signals: 20
Neutral Signals: 35
Result: This strategy leads to a Sell position.

Strategy 2:
Buy Signals: 22
Sell Signals: 14
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 3:
Buy Signals: 17
Sell Signals: 19
Neutral Signals: 28
Result: This strategy leads to a Neutral position.

Strategy 4:
Buy Signals: 17
Sell Signals: 16
Neutral Signals: 31
Result: This strategy leads to a Neutral position.

Overall Strategy:
Buy Signals: 65
Sell Signals: 69
Neutral Signals: 122
Result: This strategy leads to a Sell position.

Disclaimer! Please exercise caution and thorough consideration before making any financial decisions. It's important to note that our signals are based solely on daily price changes and do not take into account external factors such as news, market sentiment, or company developments. We strongly recommend considering all relevant factors and conducting your own research.

Useful Tips: To make the most informed decisions about your Grong Sparebank (GRONG) investments, we highly recommend visiting the "Magic Prediction" AI models signals website. They provide free signals, and if one aligns with ours, it is likely to be a reliable indicator, as we have observed over time.


Result: Looking at the technical analysis for Grong Sparebank (GRONG) on , there is a tendency towards a sell signal based on historical data and analysis. However, it’s crucial to remember that these signals are not guarantees. Make sure to carefully consider overall market conditions and align your decisions with your specific investment goals.

Based on the above signals and forecasts, we recommend the following strategies:
Grong Sparebank (GRONG) trading strategy for those in buy positions (long positions): If you are currently in a buy (long) position, it is advisable to identify the optimal time to exit your position based on a combination of technical signals. Those with a high risk tolerance may choose to wait and observe market movements over the next few days.
Grong Sparebank (GRONG) trading strategy for those in sell positions (short positions): If you are in a sell (short) position, holding your position may be the right strategy, as indicated by the consensus of our technical analysis. However, be cautious and monitor market developments closely.
For new positions: If you are not currently invested or considering switching to a sell (short) position, it’s recommended to assess the potential downside of 5.69% based on the lowest expected price range. Ensure that this aligns with your risk tolerance and objectives by conducting thorough research before entering a short position.

In all trading scenarios, a well-defined stop-loss strategy is critical to managing potential downside risks effectively.

Useful Tip: For long-term forecasting, we recommend using the "Predict-price" website, which offers both short-term and long-term predictions at no cost. This resource can support informed decision-making regarding your **Grong Sparebank (GRONG)** investments.

Grong Sparebank (GRONG) Price Analysis and Support Levels:

In our current Grong Sparebank (GRONG) position, we find ourselves in a short position, anticipating a potential downward trend. Understanding the key support levels is essential, as these serve as critical reference points for traders and investors to make informed decisions.

First Support Level: 141.953
We are closely monitoring the price at 141.953, the first support level. If the downward trend continues, breaching this level would signal strong selling pressure, suggesting the possibility of further price depreciation.

Second Support Level: 140
If the first support level is broken, the second support level at 140 becomes crucial. A break here would indicate stronger downward momentum, likely driven by market sentiment or external factors.

Third Support Level: 138.965
If the second support level is broken and the price continues to decline, this signals a significant market shift. Staying below 138.965 would confirm a persistent downward trend, with traders likely targeting this third level as the next support point.
These support levels should be carefully considered within the context of broader market trends and indicators. By staying alert and consistently analyzing the market, you can make well-informed decisions while trading Grong Sparebank (GRONG). Keeping these support levels in mind will help you adapt to the dynamic nature of the market and make smarter trading choices.

Grong Sparebank (GRONG) technical analysis chart

Grong Sparebank (GRONG) support and resistance levels

Name Level1 Level2 Level3 Level4 Level5
Resistance -- -- -- -- --
Support 141.953 140 138.965 131.232 130.765
 Grong Sparebank (GRONG) Support and Resistance area (30 Apr)  Grong Sparebank (GRONG) Support and Resistance area (30 Apr)

Grong Sparebank (GRONG) signals list for 30 Apr

Overall Signals
Signal 1 Signal 2
Signal 3 Signal 4

Grong Sparebank (GRONG) candlestick patterns on 30 Apr

Today's Grong Sparebank (GRONG) Candle Patterns List:

Doji Short Line Candle

Grong Sparebank (GRONG) technical analysis over the past days

# Date Overal Signals ALL Signals
1 29 Apr Sell SellNeutralNeutralNeutral
2 28 Apr Buy NeutralNeutralBuyNeutral
3 25 Apr Hold NeutralBuyNeutralNeutral
4 24 Apr Hold NeutralNeutralNeutralNeutral
5 23 Apr Hold NeutralBuyNeutralNeutral
6 22 Apr Neutral HoldNeutralNeutralNeutral
7 16 Apr Hold HoldNeutralNeutralHold
8 15 Apr Buy BuyNeutralNeutralHold
9 14 Apr Buy NeutralNeutralHoldHold
10 11 Apr Buy NeutralNeutralBuyBuy
11 10 Apr Sell SellSellSellSell
12 09 Apr Hold HoldHoldHoldHold
13 08 Apr Hold HoldHoldHoldHold
14 07 Apr Hold HoldHoldHoldHold
15 04 Apr Hold HoldBuyHoldHold
16 03 Apr Buy BuyNeutralBuyHold
17 02 Apr Buy NeutralNeutralNeutralBuy
18 01 Apr Hold NeutralHoldNeutralNeutral
19 31 Mar Hold HoldSellNeutralHold
20 28 Mar Buy HoldNeutralBuyBuy
21 27 Mar Sell SellSellSellNeutral
22 26 Mar Hold NeutralHoldHoldHold
23 25 Mar Hold NeutralHoldHoldHold
24 24 Mar Hold HoldHoldHoldHold
25 21 Mar Hold HoldHoldHoldHold
26 20 Mar Hold HoldHoldHoldHold
27 19 Mar Hold HoldHoldHoldHold
28 18 Mar Buy BuyNeutralHoldHold
29 17 Mar Buy NeutralBuyBuyHold
30 14 Mar Hold HoldNeutralNeutralHold

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