Arctic Paper S.A. Stock Forecast
Arctic Paper S.A. stock downgraded to Sell Candidate
(Updated on May 31, 2024)
The Arctic Paper S.A. stock price fell by -2.92% on the last day (Friday, 31st May 2024) from kr63.35 to kr61.50. During the last trading day the stock fluctuated 3.34% from a day low at kr61.30 to a day high of kr63.35. The price has been going up and down for this period, and there has been a 3.1% gain for the last 2 weeks. Volume has increased on the last day by 7 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, 28 thousand shares were bought and sold for approximately kr1.72 million.
The stock lies in the middle of a wide and weak 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 9.69% during the next 3 months and, with a 90% probability hold a price between kr63.15 and kr69.59 at the end of this 3-month period.
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ARP.ST Signals & Forecast
The Arctic Paper S.A. 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 kr62.04. On a fall, the stock will find some support from the long-term average at approximately kr58.64. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -2.92%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Arctic Paper S.A. stock
Arctic Paper S.A. finds support from accumulated volume at kr59.00 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 kr2.05 between high and low, or 3.34%. For the last week, the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ARP.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Arctic Paper S.A. to open at kr62.05, and during the day (based on 14 day Average True Range), to move between kr59.90 and kr63.10, which gives a possible trading interval of +/-kr1.60 (+/-2.61%) 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 5.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr62.00 (0.81%) than the support at kr59.00 (4.07%), 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 Arctic Paper S.A. stock A Buy?
Arctic Paper S.A. holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.507 Sell Candidate Downgraded
Predicted Opening Price for Arctic Paper S.A. of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr62.05 ( 0.89%) | kr61.50 |
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 | 64.10 | 4.23 % | |
| R2 | 63.32 | 2.95 % | ||
| R1 | 62.83 | 2.17 % | ||
| Current price: | 61.50 | |||
| Support | S1 | 61.27 | -0.379 % | |
| S2 | 60.78 | -1.17 % | ||
| S3 | 60.00 | -2.44 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 62.80 | 2.11 % | |
| R2 | 62.60 | 1.79 % | ||
| R1 | 62.00 | 0.81 % | ||
| Current price | 61.50 | |||
| Support | S1 | 59.00 | -4.07% | |
| S2 | 58.10 | -5.53% | ||
| S3 | 55.60 | -9.59% |
ARP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 11, 2024 | Jun 11, 2024 | Jun 18, 2024 | kr2.72 | 4.42% |
| 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
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