Alfa Laval AB (publ) Stock Forecast

Alfa Laval AB (publ) stock price up 1.31% on Monday
(Updated on Jun 24, 2024)

ALFA.ST Signals & Forecast

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. The Alfa Laval AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr480.13. On a fall, the stock will find some support from the short-term average at kr468.51. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -4.36%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Monday, February 12, 2024 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Alfa Laval AB (publ) stock

Alfa Laval AB (publ) finds support from accumulated volume at kr468.10 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 kr22.20 between high and low, or 4.93%. For the last week the stock has had daily average volatility of 2.18%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ALFA.ST) For The Upcoming Trading Day Of Tuesday 25th

For the upcoming trading day on Tuesday, 25th we expect Alfa Laval AB (publ) to open at kr464.77, and during the day (based on 14 day Average True Range), to move between kr462.38 and kr480.62, which gives a possible trading interval of +/-kr9.12 (+/-1.93%) up or down from last closing price. If Alfa Laval AB (publ) takes out the full calculated possible swing range there will be an estimated 3.87% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr473.20 (0.36%) than the support at kr468.10 (0.72%), 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 Alfa Laval AB (publ) stock A Buy?

The Alfa Laval AB (publ) stock holds several negative signals and despite the positive trend, we believe Alfa Laval AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -1.592 Sell Candidate Unchanged

Predicted Opening Price for Alfa Laval AB (publ) of Tuesday, June 25, 2024

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