Avanza Bank Holding AB (publ) Stock Forecast
Red day on Tuesday for Avanza Bank Holding AB (publ)
(Updated on Jul 02, 2024)
The Avanza Bank Holding AB (publ) stock price fell by -0.538% on the last day (Tuesday, 2nd Jul 2024) from kr260.10 to kr258.70. During the last trading day the stock fluctuated 2.68% from a day low at kr257.00 to a day high of kr263.90. The price has fallen in 6 of the last 10 days and is down by -2.16% for this period. Volume has increased on the last day by 17 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, 95 thousand shares were bought and sold for approximately kr24.69 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr256.43 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.26% during the next 3 months and, with a 90% probability hold a price between kr295.54 and kr337.53 at the end of this 3-month period.
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AZA.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Avanza Bank Holding AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr260.64 and kr267.80. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 28, 2024, and so far it has fallen -6.94%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Avanza Bank Holding AB (publ) stock
Avanza Bank Holding AB (publ) finds support from accumulated volume at kr257.50 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 kr6.90 (2.68%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AZA.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Avanza Bank Holding AB (publ) to open at kr259.87, and during the day (based on 14 day Average True Range), to move between kr252.73 and kr264.67, which gives a possible trading interval of +/-kr5.97 (+/-2.31%) up or down from last closing price. If Avanza Bank Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr257.50 (0.46%) than the resistance at kr264.40 (2.20%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Avanza Bank Holding AB (publ) stock A Buy?
The Avanza Bank Holding AB (publ) stock holds several negative signals and despite the positive trend, we believe Avanza Bank Holding AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.627 Sell Candidate Unchanged
Predicted Opening Price for Avanza Bank Holding AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr259.87 ( 0.451%) | kr258.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AZA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 266.77 | 3.12% |
| R2 | 264.13 | 2.10% |
| R1 | 262.50 | 1.47% |
| Price | 258.70 | |
| S1 | 257.23 | -0.568% |
| S2 | 255.60 | -1.20% |
| S3 | 252.97 | -2.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 274.00 | 5.91% |
| R2 | 271.30 | 4.87% |
| R1 | 264.40 | 2.20% |
| Price | 258.70 | |
| S1 | 257.50 | -0.464% |
| S2 | 232.50 | -10.13% |
| S3 | 228.00 | -11.87% |
AZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 18, 2024 | kr11.50 | 5.02% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | kr7.50 | 3.09% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | kr9.20 | 3.87% |
| 4 | Nov 17, 2021 | Nov 17, 2021 | Nov 17, 2021 | kr2.95 | 0.80% |
| 5 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | kr0.85 | 0.313% |
FAQ
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