AAK AB (publ.) Stock Forecast

AAK AB (publ.) stock price ended at kr287.20 on Friday, after gaining 0.772%.
(Updated on May 17, 2024)

AAK.ST Signals & Forecast

The AAK AB (publ.) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr288.60. On a fall, the stock will find some support from the long-term average at approximately kr267.65. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -1.85%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for AAK AB (publ.) stock

On the downside, the stock finds support just below today's level from accumulated volume at kr252.20 and kr240.60. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AAK AB (publ.) finds support just below today's level at kr252.20. If this is broken, then the next support from accumulated volume will be at kr240.60 and kr226.20.

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 kr4.60 between high and low, or 1.63%. For the last week, the stock has had daily average volatility of 1.67%.

Our recommended stop-loss: kr276.99 (-3.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)

Trading Expectations (AAK.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect AAK AB (publ.) to open at kr285.93, and during the day (based on 14 day Average True Range), to move between kr281.49 and kr292.91, which gives a possible trading interval of +/-kr5.71 (+/-1.99%) up or down from last closing price. If AAK AB (publ.) takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr287.40 (0.07%) than the support at kr252.20 (12.19%), 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 AAK AB (publ.) stock A Buy?

AAK 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.

Current score: 0.612 Hold/Accumulate Unchanged

Predicted Opening Price for AAK AB (publ.) of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.