AcadeMedia AB (publ) Stock Forecast
AcadeMedia AB (publ) stock price ended at kr50.90 on Friday, after gaining 1.60%.
(Updated on Apr 26, 2024)
The AcadeMedia AB (publ) stock price gained 1.60% on the last trading day (Friday, 26th Apr 2024), rising from kr50.10 to kr50.90. During the last trading day the stock fluctuated 1.60% from a day low at kr50.10 to a day high of kr50.90. The price has been going up and down for this period, and there has been a 5.82% 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, 43 thousand more shares were traded than the day before. In total, 130 thousand shares were bought and sold for approximately kr6.62 million.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr52.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.25% during the next 3 months and, with a 90% probability hold a price between kr39.90 and kr47.23 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.
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ACAD.ST Signals & Forecast
Mostly positive signals in the chart today. The AcadeMedia AB (publ) 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 kr49.58 and kr48.32. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, March 07, 2024, and so far it has risen 8.58%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for AcadeMedia AB (publ) stock
AcadeMedia AB (publ) finds support from accumulated volume at kr50.00 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 kr0.800 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: kr49.03 (-3.68%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 34 days ago.)
Trading Expectations (ACAD.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect AcadeMedia AB (publ) to open at kr50.63, and during the day (based on 14 day Average True Range), to move between kr49.82 and kr51.98, which gives a possible trading interval of +/-kr1.08 (+/-2.12%) up or down from last closing price. If AcadeMedia AB (publ) takes out the full calculated possible swing range there will be an estimated 4.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr50.00 (1.77%) than the resistance at kr53.75 (5.60%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
AcadeMedia AB (publ) will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for AcadeMedia AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.52% in the first trading day after earnings release.
Is AcadeMedia AB (publ) 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.
Current score: 1.859 Buy Candidate Unchanged
Predicted Opening Price for AcadeMedia AB (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr50.63 ( 0.524%) | kr50.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACAD.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 51.43 | 1.05 % | |
| R2 | 51.13 | 0.447 % | ||
| R1 | 50.94 | 0.0765 % | ||
| Current price: | 50.90 | |||
| Support | S1 | 50.33 | -1.12 % | |
| S2 | 50.14 | -1.50 % | ||
| S3 | 49.83 | -2.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 55.30 | 8.64 % | |
| R2 | 55.25 | 8.55 % | ||
| R1 | 53.75 | 5.60 % | ||
| Current price | 50.90 | |||
| Support | S1 | 50.00 | -1.77% | |
| S2 | 49.38 | -2.99% | ||
| S3 | 48.70 | -4.32% |
ACAD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 01, 2023 | Dec 01, 2023 | Dec 01, 2023 | kr1.75 | 3.47% |
| 2 | Dec 01, 2022 | Dec 01, 2022 | Dec 01, 2022 | kr1.75 | 3.90% |
| 3 | Dec 01, 2021 | Dec 01, 2021 | Dec 01, 2021 | kr1.75 | 3.26% |
| 4 | Nov 27, 2020 | Nov 27, 2020 | Nov 27, 2020 | kr1.50 | 1.85% |
| 5 | Nov 27, 2019 | Nov 27, 2019 | Nov 27, 2019 | kr1.25 | 2.50% |
FAQ
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