Alm. Brand A/S Stock Forecast
Alm. Brand A/S stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Alm. Brand A/S stock price fell by -0.0722% on the last day (Friday, 28th Jun 2024) from kr13.85 to kr13.84. During the last trading day the stock fluctuated 1.45% from a day low at kr13.75 to a day high of kr13.95. The price has risen in 6 of the last 10 days and is up by 3.67% over the past 2 weeks. Volume has increased on the last day by 17 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 564 thousand shares were bought and sold for approximately kr7.81 million.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 15.68% during the next 3 months and, with a 90% probability hold a price between kr15.42 and kr16.48 at the end of this 3-month period.
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ALMB.CO Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, June 25, 2024, and so far it has fallen -2.19%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Alm. Brand A/S stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr13.95. On a fall, the stock will find some support from the long-term average at approximately kr13.54. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Alm. Brand A/S stock
Alm. Brand A/S finds support from accumulated volume at kr13.73 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 kr0.200 between high and low, or 1.45%. For the last week the stock has had daily average volatility of 2.30%.
Our recommended stop-loss: kr13.27 (-4.10%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (ALMB.CO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Alm. Brand A/S to open at kr13.85, and during the day (based on 14 day Average True Range), to move between kr13.57 and kr14.11, which gives a possible trading interval of +/-kr0.270 (+/-1.95%) up or down from last closing price. If Alm. Brand A/S takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr13.86 (0.14%) than the support at kr13.73 (0.79%), 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 Alm. Brand A/S stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.904 Buy Candidate Upgraded
Predicted Opening Price for Alm. Brand A/S of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr13.85 ( 0.0482%) | kr13.84 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALMB.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.05 | 1.49% |
| R2 | 13.97 | 0.94% |
| R1 | 13.92 | 0.600% |
| Price | 13.84 | |
| S1 | 13.77 | -0.504% |
| S2 | 13.72 | -0.84% |
| S3 | 13.65 | -1.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 14.15 | 2.24% |
| R2 | 13.93 | 0.650% |
| R1 | 13.86 | 0.145% |
| Price | 13.84 | |
| S1 | 13.73 | -0.795% |
| S2 | 13.13 | -5.13% |
| S3 | 12.26 | -11.42% |
ALMB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 23, 2024 | kr0.550 | 4.54% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr0.300 | 2.39% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr0.300 | 2.47% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | kr1.72 | 9.70% |
| 5 | Jan 06, 2021 | Jan 06, 2021 | Jan 06, 2021 | kr1.96 | 10.90% |
FAQ
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