Kinnevik Ab Stock Forecast
Kinnevik Ab stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Kinnevik Ab stock price fell by -1.47% on the last day (Friday, 28th Jun 2024) from £88.25 to £86.95. During the last trading day the stock fluctuated 3.12% from a day low at £86.45 to a day high of £89.15. The price has fallen in 8 of the last 10 days and is down by -11.14% for this period. Volume has increased on the last day by 52 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 52 thousand shares were bought and sold for approximately £4.51 million.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (£90.40) are considered to be a "second chance" to get out. According to the fan-theory £65.76 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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0RH1.L Signals & Forecast
There are few to no technical positive signals at the moment. The Kinnevik Ab 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 £88.86 and £112.20. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -31.62%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kinnevik Ab stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved £2.70 between high and low, or 3.12%. For the last week, the stock has had daily average volatility of 3.02%.
Kinnevik Ab is oversold on RSI14 (13). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: £81.96 (-5.74%) (This stock has very high daily movements and this gives very high risk. Low RSI14 is 13 which reduces the risk some. There is a sell signal from a pivot top found 43 days ago.)
Trading Expectations (0RH1.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Kinnevik Ab to open at £87.52, and during the day (based on 14 day Average True Range), to move between £83.01 and £90.89, which gives a possible trading interval of +/-£3.94 (+/-4.53%) up or down from last closing price. If Kinnevik Ab takes out the full calculated possible swing range there will be an estimated 9.06% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ £88.70, some £1.75 (2.01%) from the current price of £86.95, our system finds the risk reward not very attractive.
Is Kinnevik Ab stock A Buy?
Kinnevik Ab holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Kinnevik Ab of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
£87.52 ( 0.652%) | £86.95 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0RH1.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 90.22 | 3.76% |
R2 | 89.19 | 2.57% |
R1 | 88.55 | 1.84% |
Price | 86.95 | |
S1 | 86.49 | -0.534% |
S2 | 85.85 | -1.27% |
S3 | 84.82 | -2.45% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 94.40 | 8.57% |
R2 | 90.20 | 3.74% |
R1 | 88.70 | 2.01% |
Price | 86.95 | |
S1 | 0 | - |
S2 | 0 | - |
S3 | 0 | - |
0RH1 Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | £23.00 | 21.69% |
2 | May 17, 2021 | May 17, 2021 | May 17, 2021 | £158.00 | 75.31% |
3 | Feb 09, 2018 | May 08, 2019 | May 30, 2018 | £4.25 | 0% |
4 | Feb 10, 2017 | May 11, 2017 | May 17, 2017 | £8.00 | 0% |
5 | Feb 11, 2016 | May 26, 2016 | Jun 01, 2016 | £7.75 | 0% |
FAQ
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