Ambu A/S Stock Forecast
Evaluation of Ambu A/S stock downgraded after the last trading session.
(Updated on May 13, 2024)
The Ambu A/S stock price gained 2.22% on the last trading day (Monday, 13th May 2024), rising from kr119.55 to kr122.20. During the last trading day the stock fluctuated 3.77% from a day low at kr118.00 to a day high of kr122.45. The price has risen in 7 of the last 10 days and is up by 13.41% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 341 thousand more shares were traded than the day before. In total, 653 thousand shares were bought and sold for approximately kr79.80 million.
The stockhas broken the wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is kr117.67, a level that may pose a second chance to hit a runner. According to fan-theory kr129.13 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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AMBU-B.CO Signals & Forecast
The Ambu 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 kr117.16 and kr113.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 13.41%. 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 Ambu A/S stock
Ambu A/S finds support from accumulated volume at kr117.50 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 kr4.45 between high and low, or 3.77%. For the last week, the stock has had daily average volatility of 2.90%.
Our recommended stop-loss: kr117.87 (-3.54%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (AMBU-B.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Ambu A/S to open at kr120.88, and during the day (based on 14 day Average True Range), to move between kr118.80 and kr125.60, which gives a possible trading interval of +/-kr3.40 (+/-2.78%) up or down from last closing price. If Ambu A/S takes out the full calculated possible swing range there will be an estimated 5.57% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr123.75 (1.27%) than the support at kr117.50 (3.85%), 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
Ambu A/S will release earnings BMO on Tuesday, May 14, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.460. We will update the financials statements for Ambu A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.99% in the first trading day after earnings release.
Is Ambu A/S stock A Buy?
Ambu A/S holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Ambu A/S of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr120.88 ( 1.08%) | kr122.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AMBU-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 125.33 | 2.56 % | |
| R2 | 123.63 | 1.17 % | ||
| R1 | 122.58 | 0.314 % | ||
| Current price: | 122.20 | |||
| Support | S1 | 119.18 | -2.47 % | |
| S2 | 118.13 | -3.33 % | ||
| S3 | 116.43 | -4.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 125.65 | 2.82 % | ||
| R1 | 123.75 | 1.27 % | ||
| Current price | 122.20 | |||
| Support | S1 | 117.50 | -3.85% | |
| S2 | 112.35 | -8.06% | ||
| S3 | 111.50 | -8.76% |
AMBU-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 15, 2021 | Dec 15, 2021 | Dec 15, 2021 | kr0.290 | 0.166% |
| 2 | Dec 10, 2020 | Dec 10, 2020 | Dec 10, 2020 | kr0.290 | 0.141% |
| 3 | Dec 18, 2019 | Dec 18, 2019 | Dec 18, 2019 | kr0.380 | 0.354% |
| 4 | Dec 13, 2018 | Dec 13, 2018 | Dec 13, 2018 | kr0.400 | 0.259% |
| 5 | Dec 14, 2017 | Dec 14, 2017 | Dec 14, 2017 | kr0.370 | 0.355% |
FAQ
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