Arctic Paper S.A. Stock Forecast
Arctic Paper S.A. stock upgraded to Strong Buy Candidate.
(Updated on May 10, 2024)
The Arctic Paper S.A. stock price gained 1.10% on the last trading day (Friday, 10th May 2024), rising from kr59.00 to kr59.65. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.54% from a day low at kr59.00 to a day high of kr60.50. The price has risen in 6 of the last 10 days and is up by 4.74% 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, 8 thousand more shares were traded than the day before. In total, 49 thousand shares were bought and sold for approximately kr2.90 million.
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 kr60.08 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.17% during the next 3 months and, with a 90% probability hold a price between kr55.16 and kr61.39 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ARP.ST Signals & Forecast
Mostly positive signals in the chart today. The Arctic Paper S.A. 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 kr57.44 and kr57.02. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 7.19%. 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 Arctic Paper S.A. stock
Arctic Paper S.A. finds support from accumulated volume at kr58.10 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 kr1.50 (2.54%) between high and low. For the last week, the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: kr57.28 (-3.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ARP.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Arctic Paper S.A. to open at kr59.72, and during the day (based on 14 day Average True Range), to move between kr58.14 and kr61.16, which gives a possible trading interval of +/-kr1.51 (+/-2.53%) up or down from last closing price. If Arctic Paper S.A. takes out the full calculated possible swing range there will be an estimated 5.06% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr58.10, some kr1.55 (2.60%) from the current price of kr59.65, our system finds the risk reward attractive.
Is Arctic Paper S.A. stock A Buy?
Arctic Paper S.A. 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 5.186 Strong Buy Candidate Upgraded
Predicted Opening Price for Arctic Paper S.A. of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr59.72 ( 0.112%) | kr59.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ARP.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.22 | 2.63 % | |
| R2 | 60.64 | 1.67 % | ||
| R1 | 60.29 | 1.07 % | ||
| Current price: | 59.65 | |||
| Support | S1 | 59.14 | -0.85 % | |
| S2 | 58.79 | -1.44 % | ||
| S3 | 58.22 | -2.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 59.65 | |||
| Support | S1 | 58.10 | -2.60% | |
| S2 | 57.40 | -3.77% | ||
| S3 | 52.80 | -11.48% |
ARP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 18, 2024 | kr2.72 | 4.55% |
| 2 | Jun 14, 2023 | Jun 14, 2023 | Jun 14, 2023 | kr2.70 | 4.82% |
| 3 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | kr0.400 | 1.31% |
| 4 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | kr0.300 | 2.18% |
| 5 | Jun 19, 2018 | Jun 19, 2018 | Jun 19, 2018 | kr0.200 | 1.90% |
FAQ
Click here for our free guide on how to buy Arctic Paper S.A. Stock.
