Kvika Banki's shares are listed on the stock exchange in Iceland (ICE:KVIKA).

The share price made a new 52-week high at the end of September 2024 and is currently up more than 50% from its November 2023 low. More volume has come into the shares as evidenced by the average ISK volume over the past 30 weeks now standing at about 2.4 billion, compared to 833 million at the November 2023 low.

In my opinion, the long-term trend of the stock price has turned upward with prices making higher swing highs and higher swing lows. On the chart, I have drawn two sets of curved trendlines which might serve as guides for a potential future path of the price and act as possible support and resistance levels going forward. The 23-24 ISK per share area may become the next target, depending on how the price approaches it.

Share Price of Kvika banki – Weekly Chart

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