Addnode Group AB (publ) Stock Forecast
Addnode Group AB (publ) stock price ended at kr127.50 on Tuesday, after gaining 1.92%.
(Updated on Jul 02, 2024)
The Addnode Group AB (publ) stock price gained 1.92% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr125.10 to kr127.50. During the last trading day the stock fluctuated 2.81% from a day low at kr124.50 to a day high of kr128.00. The price has risen in 7 of the last 10 days and is up by 8.42% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 52 thousand shares were bought and sold for approximately kr6.59 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 stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr127.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 7.21% during the next 3 months and, with a 90% probability hold a price between kr122.68 and kr136.82 at the end of this 3-month period.
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ANOD-B.ST Signals & Forecast
Mostly positive signals in the chart today. The Addnode Group AB (publ) 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 kr122.81 and kr120.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 11.35%. 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 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. The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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.
Golden Star
The stock had a Golden Star Signal on Thursday, May 16, 2024 in the short-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 Addnode Group AB (publ) stock
Addnode Group AB (publ) finds support from accumulated volume at kr121.20 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 kr3.50 (2.81%) between high and low. For the last week, the stock has had daily average volatility of 2.36%.
Our recommended stop-loss: kr122.45 (-3.96%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 26 days ago.)
Trading Expectations (ANOD-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Addnode Group AB (publ) to open at kr126.67, and during the day (based on 14 day Average True Range), to move between kr123.89 and kr131.11, which gives a possible trading interval of +/-kr3.61 (+/-2.83%) up or down from last closing price. If Addnode Group AB (publ) takes out the full calculated possible swing range there will be an estimated 5.66% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr121.20, some kr6.30 (4.94%) from the current price of kr127.50, our system finds the risk reward attractive.
Is Addnode Group AB (publ) stock A Buy?
Addnode Group AB (publ) holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 7.826 Strong Buy Candidate Unchanged
Predicted Opening Price for Addnode Group AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr126.67 ( 0.654%) | kr127.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ANOD-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 130.17 | 2.09% |
| R2 | 128.83 | 1.04% |
| R1 | 128.00 | 0.395% |
| Price | 127.50 | |
| S1 | 125.33 | -1.70% |
| S2 | 124.50 | -2.35% |
| S3 | 123.17 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 127.50 | |
| S1 | 121.20 | -4.94% |
| S2 | 114.90 | -9.88% |
| S3 | 114.00 | -10.59% |
ANOD-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr1.00 | 0.87% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr1.00 | 0.755% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | kr0.750 | 0.80% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.625 | 0.85% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.750 | 1.86% |
FAQ
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