Abl Group Asa Stock Forecast
Abl Group Asa stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Jun 27, 2024)
The Abl Group Asa stock price gained 0.83% on the last trading day (Thursday, 27th Jun 2024), rising from kr12.00 to kr12.10. During the last trading day the stock fluctuated 0.83% from a day low at kr12.00 to a day high of kr12.10. The price has fallen in 4 of the last 10 days and is down by -0.41% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 154 thousand more shares were traded than the day before. In total, 192 thousand shares were bought and sold for approximately kr2.33 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.88% during the next 3 months and, with a 90% probability hold a price between kr11.13 and kr11.86 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ABL.OL Signals & Forecast
The Abl Group Asa stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr11.91 and kr12.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 18, 2024, and so far it has risen 3.42%. 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 Abl Group Asa stock
Abl Group Asa finds support from accumulated volume at kr12.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.1000 (0.83%) between high and low. For the last week, the stock has had daily average volatility of 1.44%.
Our recommended stop-loss: kr11.40 (-5.82%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (ABL.OL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Abl Group Asa to open at kr12.07, and during the day (based on 14 day Average True Range), to move between kr11.83 and kr12.37, which gives a possible trading interval of +/-kr0.271 (+/-2.24%) up or down from last closing price. If Abl Group Asa takes out the full calculated possible swing range there will be an estimated 4.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr12.15 (0.41%) than the support at kr12.00 (0.83%), 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 Abl Group Asa stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.845 Buy Candidate Upgraded
Predicted Opening Price for Abl Group Asa of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| kr12.07 ( 0.275%) | kr12.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABL.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.17 | 0.551% |
| R2 | 12.13 | 0.235% |
| R1 | 12.10 | 0.0402% |
| Price | 12.10 | |
| S1 | 12.03 | -0.591% |
| S2 | 12.00 | -0.786% |
| S3 | 11.97 | -1.10% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.75 | 5.37% |
| R2 | 12.40 | 2.48% |
| R1 | 12.15 | 0.413% |
| Price | 12.10 | |
| S1 | 12.00 | -0.83% |
| S2 | 11.90 | -1.65% |
| S3 | 11.75 | -2.89% |
ABL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 17, 2024 | kr0.400 | 3.38% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Nov 20, 2023 | kr0.350 | 2.67% |
| 3 | Jun 01, 2023 | Jun 01, 2023 | Jun 15, 2023 | kr0.350 | 2.20% |
| 4 | Nov 07, 2022 | Nov 07, 2022 | Nov 11, 2022 | kr0.300 | 2.17% |
| 5 | Jun 02, 2022 | Jun 02, 2022 | Jun 17, 2022 | kr0.300 | 2.21% |
FAQ
Click here for our free guide on how to buy Abl Group Asa Stock.
