B3 Consulting Group AB (publ) Stock Forecast
B3 Consulting Group AB (publ) stock price up 2.03% on Friday
(Updated on May 03, 2024)
The B3 Consulting Group AB (publ) stock price gained 2.03% on the last trading day (Friday, 3rd May 2024), rising from kr69.00 to kr70.40. During the last trading day the stock fluctuated 3.80% from a day low at kr68.50 to a day high of kr71.10. The price has fallen in 6 of the last 10 days and is down by -10.2% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 57 more shares were traded than the day before. In total, 10 thousand shares were bought and sold for approximately kr676.40 thousand.
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 -19.82% during the next 3 months and, with a 90% probability hold a price between kr53.23 and kr65.29 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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B3.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.99%. Further rise is indicated until a new top pivot has been found. B3 Consulting Group AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The B3 Consulting Group 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 kr82.23. On a fall, the stock will find some support from the short-term average at kr70.10. 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 B3 Consulting Group AB (publ) stock
B3 Consulting Group AB (publ) finds support from accumulated volume at kr69.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr2.60 between high and low, or 3.80%. For the last week, the stock has had daily average volatility of 4.15%.
B3 Consulting Group AB (publ) is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 6th
For the upcoming trading day on Monday, 6th we expect B3 Consulting Group AB (publ) to open at kr70.00, and during the day (based on 14 day Average True Range), to move between kr67.18 and kr73.62, which gives a possible trading interval of +/-kr3.22 (+/-4.57%) 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 9.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr69.80 (0.85%) than the resistance at kr78.90 (12.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is B3 Consulting Group AB (publ) stock A Buy?
B3 Consulting Group 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: -4.033 Sell Candidate Unchanged
Predicted Opening Price for B3 Consulting Group AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr70.00 ( 0.568%) | kr70.40 |
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 | 72.60 | 3.12 % | |
| R2 | 71.61 | 1.71 % | ||
| R1 | 70.99 | 0.84 % | ||
| Current price: | 70.40 | |||
| Support | S1 | 69.01 | -1.98 % | |
| S2 | 68.39 | -2.85 % | ||
| S3 | 67.40 | -4.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.90 | 24.86 % | |
| R2 | 85.50 | 21.45 % | ||
| R1 | 78.90 | 12.07 % | ||
| Current price | 70.40 | |||
| Support | S1 | 69.80 | -0.85% | |
| S2 | 68.60 | -2.56% | ||
| S3 | 67.70 | -3.84% |
B3 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 13, 2024 | Nov 13, 2024 | Nov 19, 2024 | kr3.50 | 4.97% |
| 2 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr3.50 | 4.97% |
| 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% |
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