Actic Group AB (publ) Stock Forecast
Green day on Friday for Actic Group AB (publ)
(Updated on May 17, 2024)
The Actic Group AB (publ) stock price gained 2.00% on the last trading day (Friday, 17th May 2024), rising from kr4.51 to kr4.60. During the last trading day the stock fluctuated 2.00% from a day low at kr4.51 to a day high of kr4.60. The price has been going up and down for this period, and there has been a -0.22% loss for the last 2 weeks. Volume fell on the last day by -55 shares and in total, 22 shares were bought and sold for approximately kr101.20 . 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 stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr4.72 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Actic Group AB (publ) stock with a 90% probability to be traded between kr4.04 and kr4.63 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATIC.ST Signals & Forecast
The Actic 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 kr4.55 and kr4.55. A breakdown below any of these levels will issue sell signals. 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 Tuesday, March 05, 2024, and so far it has fallen -3.97%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Actic Group AB (publ) stock
Actic Group AB (publ) finds support from accumulated volume at kr4.59 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0.0900 between high and low, or 2.00%. For the last week the stock has had daily average volatility of 2.44%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATIC.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Actic Group AB (publ) to open at kr4.57, and during the day (based on 14 day Average True Range), to move between kr4.40 and kr4.80, which gives a possible trading interval of +/-kr0.196 (+/-4.25%) up or down from last closing price. If Actic Group AB (publ) takes out the full calculated possible swing range there will be an estimated 8.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr4.59 (0.22%) than the resistance at kr4.61 (0.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Actic Group AB (publ) stock A Buy?
Actic Group AB (publ) 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.
Current score: -1.378 Sell Candidate Unchanged
Predicted Opening Price for Actic Group AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr4.57 ( 0.652%) | kr4.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATIC.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.66 | 1.30 % | |
| R2 | 4.63 | 0.557 % | ||
| R1 | 4.60 | 0.0952 % | ||
| Current price: | 4.60 | |||
| Support | S1 | 4.54 | -1.40 % | |
| S2 | 4.51 | -1.86 % | ||
| S3 | 4.48 | -2.61 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.70 | 2.17 % | |
| R2 | 4.64 | 0.87 % | ||
| R1 | 4.61 | 0.217 % | ||
| Current price | 4.60 | |||
| Support | S1 | 4.59 | -0.217% | |
| S2 | 4.57 | -0.652% | ||
| S3 | 4.50 | -2.17% |
ATIC Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2019 | May 17, 2019 | May 17, 2019 | kr0.458 | 1.60% |
| 2 | May 16, 2018 | May 16, 2018 | May 16, 2018 | kr0.458 | 1.14% |
FAQ
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