Attendo AB (publ) Stock Forecast
Attendo AB (publ) stock upgraded to Buy Candidate.
(Updated on Jul 02, 2024)
The Attendo AB (publ) stock price gained 1.26% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr43.70 to kr44.25. During the last trading day the stock fluctuated 3.01% from a day low at kr43.15 to a day high of kr44.45. The price has been going up and down for this period, and there has been a 3.39% gain for the last 2 weeks. Volume fell on the last day by -67 thousand shares and in total, 149 thousand shares were bought and sold for approximately kr6.60 million. 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 stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.07% during the next 3 months and, with a 90% probability hold a price between kr39.18 and kr45.05 at the end of this 3-month period.
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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. 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 kr43.72 and kr43.48. 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 7.01%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Wednesday, May 22, 2024 and based on theory for this formation the price should go up by 11.86% to kr49.50 within 17 trading days since signal was issued (Monday, June 17, 2024).
Support, Risk & Stop-loss for Attendo AB (publ) stock
Attendo AB (publ) finds support from accumulated volume at kr44.05 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.30 between high and low, or 3.01%. For the last week the stock has had daily average volatility of 3.06%.
Our recommended stop-loss: kr42.70 (-3.50%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 48 days ago.)
Trading Expectations (ATT.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Attendo AB (publ) to open at kr43.95, and during the day (based on 14 day Average True Range), to move between kr43.11 and kr45.39, which gives a possible trading interval of +/-kr1.14 (+/-2.57%) up or down from last closing price. If Attendo AB (publ) takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr44.45 (0.45%) than the support at kr44.05 (0.45%), 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?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.477 Buy Candidate Upgraded
Predicted Opening Price for Attendo AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr43.95 ( 0.678%) | kr44.25 |
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 | 45.25 | 2.26% |
| R2 | 44.75 | 1.14% |
| R1 | 44.45 | 0.444% |
| Price | 44.25 | |
| S1 | 43.45 | -1.80% |
| S2 | 43.15 | -2.49% |
| S3 | 42.65 | -3.62% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.15 | 4.29% |
| R2 | 44.95 | 1.58% |
| R1 | 44.45 | 0.452% |
| Price | 44.25 | |
| S1 | 44.05 | -0.452% |
| S2 | 43.50 | -1.69% |
| S3 | 41.50 | -6.21% |
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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