AQ Group AB Stock Forecast
Stronger technical forecast for AQ Group AB stock price after Tuesday trading.
(Updated on Jun 18, 2024)
The AQ Group AB stock price gained 1.88% on the last trading day (Tuesday, 18th Jun 2024), rising from kr138.50 to kr141.10. During the last trading day the stock fluctuated 2.53% from a day low at kr138.30 to a day high of kr141.80. The price has been going up and down for this period, and there has been a 2.23% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 73 thousand more shares were traded than the day before. In total, 135 thousand shares were bought and sold for approximately kr19.01 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr63.46 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -48.97% during the next 3 months and, with a 90% probability hold a price between kr32.39 and kr271.82 at the end of this 3-month period.
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AQ.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 05, 2024, and so far it has risen 7.22%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The AQ Group AB 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 kr352.03. On a fall, the stock will find some support from the short-term average at kr139.14. 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.
Support, Risk & Stop-loss for AQ Group AB stock
AQ Group AB finds support from accumulated volume at kr139.10 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 kr3.50 between high and low, or 2.53%. For the last week, the stock has had daily average volatility of 3.24%.
Our recommended stop-loss: kr132.90 (-5.81%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 22 days ago.)
Trading Expectations (AQ.ST) For The Upcoming Trading Day Of Wednesday 19th
For the upcoming trading day on Wednesday, 19th we expect AQ Group AB to open at kr140.40, and during the day (based on 14 day Average True Range), to move between kr124.56 and kr157.64, which gives a possible trading interval of +/-kr16.54 (+/-11.72%) up or down from last closing price. If AQ Group AB takes out the full calculated possible swing range there will be an estimated 23.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr142.44 (0.95%) than the support at kr139.10 (1.42%), 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 AQ Group AB stock A Buy?
AQ Group AB 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.196 Hold/Accumulate Upgraded
Predicted Opening Price for AQ Group AB of Wednesday, June 19, 2024
| Fair opening price June 19, 2024 | Current price |
|---|---|
| kr140.40 ( 0.496%) | kr141.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AQ.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 143.90 | 1.98% |
| R2 | 142.56 | 1.04% |
| R1 | 141.74 | 0.451% |
| Price | 141.10 | |
| S1 | 139.06 | -1.44% |
| S2 | 138.24 | -2.03% |
| S3 | 136.90 | -2.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 146.90 | 4.11% |
| R2 | 144.20 | 2.20% |
| R1 | 142.44 | 0.95% |
| Price | 141.10 | |
| S1 | 139.10 | -1.42% |
| S2 | 138.02 | -2.18% |
| S3 | 137.90 | -2.27% |
AQ Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 25, 2024 | kr6.66 | 5.51% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr3.33 | 3.86% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr3.33 | 5.68% |
| 4 | Apr 23, 2020 | Apr 23, 2020 | Apr 23, 2020 | kr3.33 | 10.33% |
| 5 | Apr 26, 2019 | Apr 26, 2019 | Apr 26, 2019 | kr2.75 | 7.53% |
FAQ
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