ALK-Abelló A/S Stock Forecast
Stronger technical forecast for ALK-Abelló A/S stock price after Wednesday trading.
(Updated on May 01, 2024)
The ALK-Abelló A/S stock price gained 0.536% on the last trading day (Wednesday, 1st May 2024), rising from kr130.50 to kr131.20. During the last trading day the stock fluctuated 1.31% from a day low at kr129.50 to a day high of kr131.20. The price has risen in 5 of the last 10 days and is up by 3.96% over the past 2 weeks. Volume fell on the last day by -94 thousand shares and in total, 50 thousand shares were bought and sold for approximately kr6.61 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr133.74 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect ALK-Abelló A/S stock with a 90% probability to be traded between kr116.57 and kr136.37 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ALK-B.CO Signals & Forecast
The ALK-Abelló A/S 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 kr128.87 and kr126.88. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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. A sell signal was issued from a pivot top point on Thursday, March 07, 2024, and so far it has fallen -0.756%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for ALK-Abelló A/S stock
ALK-Abelló A/S finds support from accumulated volume at kr130.80 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 kr1.70 (1.31%) between high and low. For the last week, the stock has had daily average volatility of 2.42%.
Our recommended stop-loss: kr126.58 (-3.52%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (ALK-B.CO) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect ALK-Abelló A/S to open at kr130.63, and during the day (based on 14 day Average True Range), to move between kr127.97 and kr134.43, which gives a possible trading interval of +/-kr3.23 (+/-2.46%) up or down from last closing price. If ALK-Abelló A/S takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr131.30 (0.08%) than the support at kr130.80 (0.30%), 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.
Earnings coming up
ALK-Abelló A/S will release earnings BMO on Friday, May 03, 2024. We will update the financials statements for ALK-Abelló A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.74% in the first trading day after earnings release.
Is ALK-Abelló A/S stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for ALK-Abelló A/S stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.285 Buy Candidate Upgraded
Predicted Opening Price for ALK-Abelló A/S of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr130.63 ( 0.432%) | kr131.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALK-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.33 | 0.86 % | |
| R2 | 131.68 | 0.369 % | ||
| R1 | 131.28 | 0.0631 % | ||
| Current price: | 131.20 | |||
| Support | S1 | 129.98 | -0.93 % | |
| S2 | 129.58 | -1.23 % | ||
| S3 | 128.93 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.20 | 0.762 % | |
| R2 | 132.10 | 0.686 % | ||
| R1 | 131.30 | 0.0762 % | ||
| Current price | 131.20 | |||
| Support | S1 | 130.80 | -0.305% | |
| S2 | 129.00 | -1.68% | ||
| S3 | 123.70 | -5.72% |
ALK-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 16, 2017 | Mar 16, 2017 | Mar 16, 2017 | kr0.250 | 0.529% |
| 2 | Mar 11, 2016 | Mar 11, 2016 | Mar 11, 2016 | kr0.250 | 0.521% |
| 3 | Mar 13, 2015 | Mar 13, 2015 | Mar 13, 2015 | kr0.250 | 0.662% |
| 4 | Mar 13, 2014 | Mar 13, 2014 | Mar 13, 2014 | kr0.250 | 0.761% |
| 5 | Mar 13, 2013 | Mar 13, 2013 | Mar 13, 2013 | kr0.250 | 1.18% |
FAQ
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