Active Biotech AB (publ) Stock Forecast
Active Biotech AB (publ) stock price up 1.40% on Friday
(Updated on May 17, 2024)
The Active Biotech AB (publ) stock price gained 1.40% on the last trading day (Friday, 17th May 2024), rising from kr0.500 to kr0.507. During the last trading day the stock fluctuated 4.59% from a day low at kr0.501 to a day high of kr0.524. The price has been going up and down for this period, and there has been a -7.48% loss 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, 142 thousand more shares were traded than the day before. In total, 340 thousand shares were bought and sold for approximately kr172.18 thousand.
The stock lies in the middle of a very wide and 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 -10.62% during the next 3 months and, with a 90% probability hold a price between kr0.409 and kr0.516 at the end of this 3-month period.
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ACTI.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 1.40%. Further rise is indicated until a new top pivot has been found. Active Biotech AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Active Biotech AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr0.514 and kr0.558. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Active Biotech AB (publ) stock
Active Biotech AB (publ) finds support from accumulated volume at kr0.500 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 kr0.0230 between high and low, or 4.59%. For the last week, the stock has had daily average volatility of 7.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ACTI.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Active Biotech AB (publ) to open at kr0.511, and during the day (based on 14 day Average True Range), to move between kr0.471 and kr0.543, which gives a possible trading interval of +/-kr0.0364 (+/-7.17%) up or down from last closing price. If Active Biotech AB (publ) takes out the full calculated possible swing range there will be an estimated 14.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr0.509 (0.39%) than the support at kr0.500 (1.38%), 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 Active Biotech AB (publ) stock A Buy?
Active Biotech AB (publ) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.034 Sell Candidate Unchanged
Predicted Opening Price for Active Biotech AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr0.511 ( 0.723%) | kr0.507 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACTI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.534 | 5.26 % | |
| R2 | 0.525 | 3.53 % | ||
| R1 | 0.519 | 2.46 % | ||
| Current price: | 0.507 | |||
| Support | S1 | 0.502 | -1.01 % | |
| S2 | 0.496 | -2.08 % | ||
| S3 | 0.488 | -3.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.620 | 22.29 % | |
| R2 | 0.510 | 0.592 % | ||
| R1 | 0.509 | 0.394 % | ||
| Current price | 0.507 | |||
| Support | S1 | 0.500 | -1.38% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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