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Marine Harvest ASA is up by Marine Harvest ASA gaining0.45% yesterday from USD 15.57 to USD 15.64 In the last 10 days the price of Marine Harvest ASA has been rising a total of 6 out of 10 days, but is still down by Marine Harvest ASA falling-1.64% in this period. Volume also increased in the last day along with the price, which is a positive technical sign, and in total there were Marine Harvest ASA gaining11 127 more shares traded than the day before. In total there were 57 671 shares bought and sold for approx. USD 901 974.

Trend

Marine Harvest ASA lays in the lower part of a strong rising trend in the short term, and this will normally pose a very good buying opportunity. A break down the bottom trendline at USD 15.32 will firstly indicate a slower raising rate, but may also be a early warning for a trend shift. Given the current short-term trend the stock is expected to rise Marine Harvest ASA gaining18.7% during the next 3 months and with 90% probability will hold a price between USD 18.18 and USD 20.23 at the end of this period.

Signals

A buy signal was issued from a pivot bottom point at Fri. 22 April 2016 and this indicates further gains until a new top pivot has been found. Marine Harvest ASA has rising volume and it does follow the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals issued as well, and these may have some influence on the near short-term development. Marine Harvest ASA holds a buysignal from the short-term moving average, but at the same time a sales signal from the long-term average. Since the longterm average is above the short-term average there is a general salessignal in the stock. On further gains Marine Harvest ASA will meet resistance from the long-term moving average at USD 15.67. On a fall the stock will find some support from the short-term average at USD 15.56. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will…

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