Atrium Ljungberg AB (publ) Stock Forecast
Atrium Ljungberg AB (publ) stock price up 1.86% on Thursday
(Updated on Apr 18, 2024)
The Atrium Ljungberg AB (publ) stock price gained 1.86% on the last trading day (Thursday, 18th Apr 2024), rising from kr183.20 to kr186.60. It has now gained 3 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 2.30% from a day low at kr182.80 to a day high of kr187.00. The price has fallen in 6 of the last 10 days and is down by -6.51% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 11 thousand more shares were traded than the day before. In total, 58 thousand shares were bought and sold for approximately kr10.79 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr181.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -5.02% during the next 3 months and, with a 90% probability hold a price between kr172.54 and kr196.51 at the end of this 3-month period.
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ATRLJ-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 2.41%. Further rise is indicated until a new top pivot has been found. 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 Atrium Ljungberg AB (publ) 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 kr196.02. On a fall, the stock will find some support from the short-term average at kr185.63. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Atrium Ljungberg AB (publ) stock
Atrium Ljungberg AB (publ) finds support from accumulated volume at kr183.20 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 kr4.20 between high and low, or 2.30%. For the last week, the stock has had daily average volatility of 3.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATRLJ-B.ST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Atrium Ljungberg AB (publ) to open at kr185.47, and during the day (based on 14 day Average True Range), to move between kr180.72 and kr192.48, which gives a possible trading interval of +/-kr5.88 (+/-3.15%) up or down from last closing price. If Atrium Ljungberg AB (publ) takes out the full calculated possible swing range there will be an estimated 6.30% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr183.20 (1.82%) than the resistance at kr191.80 (2.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Atrium Ljungberg AB (publ) stock A Buy?
Atrium Ljungberg 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: -2.434 Sell Candidate Unchanged
Predicted Opening Price for Atrium Ljungberg AB (publ) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| kr185.47 ( 0.607%) | kr186.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATRLJ-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 189.67 | 1.64 % | |
| R2 | 188.06 | 0.784 % | ||
| R1 | 187.07 | 0.252 % | ||
| Current price: | 186.60 | |||
| Support | S1 | 183.86 | -1.47 % | |
| S2 | 182.87 | -2.00 % | ||
| S3 | 181.27 | -2.86 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 198.80 | 6.54 % | |
| R2 | 196.40 | 5.25 % | ||
| R1 | 191.80 | 2.79 % | ||
| Current price | 186.60 | |||
| Support | S1 | 183.20 | -1.82% | |
| S2 | 183.00 | -1.93% | ||
| S3 | 182.20 | -2.36% |
ATRLJ-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 26, 2024 | Sep 26, 2024 | Oct 02, 2024 | kr1.75 | 0.94% |
| 2 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | kr0 | 0% |
| 3 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | kr2.65 | 1.66% |
| 4 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | kr5.20 | 2.74% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr5.05 | 3.22% |
FAQ
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