B3 Consulting Group AB (publ) Stock Forecast
B3 Consulting Group AB (publ) stock price down 1.31% on Friday
(Updated on Apr 26, 2024)
The B3 Consulting Group AB (publ) stock price fell by -1.31% on the last day (Friday, 26th Apr 2024) from kr68.60 to kr67.70. During the last trading day the stock fluctuated 5.53% from a day low at kr66.90 to a day high of kr70.60. The price has fallen in 7 of the last 10 days and is down by -17.54% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -88 thousand shares and in total, 18 thousand shares were bought and sold for approximately kr1.25 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr66.18 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -16.28% during the next 3 months and, with a 90% probability hold a price between kr55.40 and kr69.30 at the end of this 3-month period.
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B3.ST Signals & Forecast
There are few to no technical positive signals at the moment. The B3 Consulting Group 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 kr74.11 and kr84.64. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -27.13%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for B3 Consulting Group AB (publ) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr3.70 between high and low, or 5.53%. For the last week the stock has had daily average volatility of 4.71%.
B3 Consulting Group AB (publ) is oversold on RSI14 (9). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (B3.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect B3 Consulting Group AB (publ) to open at kr68.40, and during the day (based on 14 day Average True Range), to move between kr64.27 and kr71.13, which gives a possible trading interval of +/-kr3.43 (+/-5.07%) up or down from last closing price. If B3 Consulting Group AB (publ) takes out the full calculated possible swing range there will be an estimated 10.13% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr68.60, some kr0.90 (1.33%) from the current price of kr67.70, our system finds the risk reward not very attractive.
Is B3 Consulting Group AB (publ) stock A Buy?
B3 Consulting Group AB (publ) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -5.711 Strong Sell Candidate Unchanged
Predicted Opening Price for B3 Consulting Group AB (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr68.40 ( 1.03%) | kr67.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for B3.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 72.10 | 6.50 % | |
| R2 | 70.69 | 4.41 % | ||
| R1 | 69.81 | 3.12 % | ||
| Current price: | 67.70 | |||
| Support | S1 | 66.99 | -1.05 % | |
| S2 | 66.11 | -2.34 % | ||
| S3 | 64.70 | -4.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.90 | 16.54 % | |
| R2 | 76.00 | 12.26 % | ||
| R1 | 68.60 | 1.33 % | ||
| Current price | 67.70 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
B3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2024 | Nov 13, 2024 | Nov 19, 2024 | kr3.50 | 5.17% |
| 2 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr3.50 | 5.17% |
| 3 | May 11, 2023 | May 11, 2023 | May 11, 2023 | kr8.00 | 5.47% |
| 4 | May 09, 2022 | May 09, 2022 | May 09, 2022 | kr3.50 | 3.32% |
| 5 | May 14, 2021 | May 14, 2021 | May 14, 2021 | kr0.90 | 1.79% |
FAQ
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