ABB Ltd Stock Forecast
Green day on Tuesday for ABB Ltd
(Updated on Jun 18, 2024)
The ABB Ltd stock price gained 1.79% on the last trading day (Tuesday, 18th Jun 2024), rising from kr593.00 to kr603.60. During the last trading day the stock fluctuated 1.41% from a day low at kr596.00 to a day high of kr604.40. The price has been going up and down for this period, and there has been a 4.54% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 18 thousand more shares were traded than the day before. In total, 699 thousand shares were bought and sold for approximately kr422.14 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 24.25% during the next 3 months and, with a 90% probability hold a price between kr726.48 and kr768.11 at the end of this 3-month period.
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ABB.ST Signals & Forecast
The ABB Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr592.66 and kr569.70. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 17, 2024, and so far it has risen 8.09%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ABB Ltd stock
ABB Ltd finds support from accumulated volume at kr593.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr8.40 between high and low, or 1.41%. For the last week the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: kr573.21 (-5.03%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (ABB.ST) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect ABB Ltd to open at kr601.33, and during the day (based on 14 day Average True Range), to move between kr594.40 and kr612.80, which gives a possible trading interval of +/-kr9.20 (+/-1.52%) up or down from last closing price. If ABB Ltd takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr593.00, some kr10.60 (1.76%) from the current price of kr603.60, our system finds the risk reward attractive.
Is ABB Ltd stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for ABB Ltd stock to perform well in the short-term.
Current score: 4.526 Buy Candidate Unchanged
Predicted Opening Price for ABB Ltd of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| kr601.33 ( 0.376%) | kr603.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 609.73 | 1.02% |
| R2 | 606.52 | 0.485% |
| R1 | 604.54 | 0.156% |
| Price | 603.60 | |
| S1 | 598.12 | -0.91% |
| S2 | 596.14 | -1.24% |
| S3 | 592.93 | -1.77% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 603.60 | |
| S1 | 593.00 | -1.76% |
| S2 | 532.00 | -11.86% |
| S3 | 497.40 | -17.59% |
ABB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 27, 2024 | kr10.25 | 2.08% |
| 2 | Mar 27, 2023 | Mar 27, 2023 | Mar 27, 2023 | kr0.84 | 0.252% |
| 3 | Mar 28, 2022 | Mar 28, 2022 | Mar 28, 2022 | kr0.82 | 0.258% |
| 4 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | kr0.80 | 0.303% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr0.80 | 0.294% |
FAQ
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