Epiroc Ab (publ) Stock Forecast
Stronger technical forecast for Epiroc Ab (publ) stock price after Tuesday trading.
(Updated on Jun 25, 2024)
The Epiroc Ab (publ) stock price fell by -0.0026% on the last day (Tuesday, 25th Jun 2024) from £214.05 to £214.04. During the last trading day the stock fluctuated 1.74% from a day low at £212.40 to a day high of £216.10. The price has fallen in 6 of the last 10 days and is down by -0.49% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -26 thousand shares and in total, 54 thousand shares were bought and sold for approximately £11.51 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at £209.79 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 4.49% during the next 3 months and, with a 90% probability hold a price between £219.21 and £246.49 at the end of this 3-month period.
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0YSU.L Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 2.38%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Epiroc Ab (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at £216.10. On a fall, the stock will find some support from the short-term average at £212.70. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Epiroc Ab (publ) stock
Epiroc Ab (publ) finds support from accumulated volume at £210.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved £3.70 between high and low, or 1.74%. For the last week, the stock has had daily average volatility of 1.96%.
Our recommended stop-loss: £200.87 (-6.15%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (0YSU.L) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Epiroc Ab (publ) to open at £214.18, and during the day (based on 14 day Average True Range), to move between £209.56 and £218.53, which gives a possible trading interval of +/-£4.48 (+/-2.09%) up or down from last closing price. If Epiroc Ab (publ) takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at £215.59 (0.72%) than the support at £210.30 (1.75%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Epiroc Ab (publ) stock A Buy?
Epiroc Ab (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, 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: -0.638 Hold/Accumulate Upgraded
Predicted Opening Price for Epiroc Ab (publ) of Wednesday, June 26, 2024
Fair opening price June 26, 2024 | Current price |
---|---|
£214.18 ( 0.0645%) | £214.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0YSU.L
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 217.88 | 1.79% |
R2 | 216.47 | 1.13% |
R1 | 215.59 | 0.725% |
Price | 214.04 | |
S1 | 212.77 | -0.596% |
S2 | 211.89 | -1.00% |
S3 | 210.48 | -1.66% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 225.00 | 5.12% |
R2 | 224.77 | 5.01% |
R1 | 215.59 | 0.723% |
Price | 214.04 | |
S1 | 210.30 | -1.75% |
S2 | 206.80 | -3.38% |
S3 | 205.48 | -4.00% |
0YSU Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Oct 21, 2024 | Oct 21, 2024 | Oct 25, 2024 | £1.90 | 0.90% |
2 | May 15, 2024 | May 15, 2024 | May 21, 2024 | £1.90 | 0.83% |
3 | Oct 23, 2023 | Oct 23, 2023 | Oct 27, 2023 | £1.70 | 0.92% |
4 | May 24, 2023 | May 24, 2023 | May 30, 2023 | £1.70 | 0.86% |
5 | Apr 26, 2022 | Apr 26, 2022 | Dec 04, 2020 | £1.50 | 1.05% |
FAQ
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