Attendo AB (publ) Stock Forecast
Evaluation of Attendo AB (publ) stock downgraded after the last trading session.
(Updated on Jun 20, 2024)
The Attendo AB (publ) stock price gained 2.56% on the last trading day (Thursday, 20th Jun 2024), rising from kr42.90 to kr44.00. During the last trading day the stock fluctuated 3.04% from a day low at kr42.70 to a day high of kr44.00. The price has been going up and down for this period, and there has been a -1.01% loss 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, 223 thousand more shares were traded than the day before. In total, 285 thousand shares were bought and sold for approximately kr12.53 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Attendo AB (publ) stock with a 90% probability to be traded between kr42.44 and kr49.18 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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ATT.ST Signals & Forecast
The Attendo AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr43.31 and kr43.46. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 6.41%. 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 Attendo AB (publ) stock
Attendo AB (publ) finds support from accumulated volume at kr43.50 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 kr1.30 (3.04%) between high and low. For the last week, the stock has had daily average volatility of 2.14%.
Our recommended stop-loss: kr42.29 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 41 days ago.)
Trading Expectations (ATT.ST) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Attendo AB (publ) to open at kr43.57, and during the day (based on 14 day Average True Range), to move between kr42.89 and kr45.11, which gives a possible trading interval of +/-kr1.11 (+/-2.53%) up or down from last closing price. If Attendo AB (publ) takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr44.05 (0.11%) than the support at kr43.50 (1.14%), 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 Attendo AB (publ) stock A Buy?
Attendo AB (publ) 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. 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 Hold/Accumulate candidate.
Current score: 0.949 Hold/Accumulate Downgraded
Predicted Opening Price for Attendo AB (publ) of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr43.57 ( 0.98%) | kr44.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATT.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 44.87 | 1.97% |
| R2 | 44.37 | 0.84% |
| R1 | 44.06 | 0.144% |
| Price | 44.00 | |
| S1 | 43.07 | -2.11% |
| S2 | 42.76 | -2.81% |
| S3 | 42.27 | -3.94% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.15 | 4.89% |
| R2 | 44.45 | 1.02% |
| R1 | 44.05 | 0.114% |
| Price | 44.00 | |
| S1 | 43.50 | -1.14% |
| S2 | 42.80 | -2.73% |
| S3 | 41.50 | -5.68% |
ATT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr1.00 | 2.29% |
| 2 | Apr 12, 2019 | Apr 12, 2019 | Apr 12, 2019 | kr0.600 | 1.26% |
| 3 | Apr 13, 2018 | Apr 13, 2018 | Apr 13, 2018 | kr1.27 | 1.60% |
| 4 | Apr 07, 2017 | Apr 07, 2017 | Apr 07, 2017 | kr1.22 | 1.39% |
| 5 | May 18, 2016 | May 18, 2016 | May 18, 2016 | kr0.540 | 0.690% |
FAQ
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