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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of BALCO.ST
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Balco Group AB stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)

Hold candidate since Jun 20, 2024 PDF

The Balco Group AB stock price gained 2.03% on the last trading day (Thursday, 20th Jun 2024), rising from kr41.85 to kr42.70. During the last trading day the stock fluctuated 3.25% from a day low at kr41.50 to a day high of kr42.85. The price has fallen in 8 of the last 10 days and is down by -9.05% for this period. Volume fell on the last day by -169 shares and in total, 8 thousand shares were bought and sold for approximately kr347.66 thousand. 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 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 kr41.94 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 13.37% during the next 3 months and, with a 90% probability hold a price between kr47.55 and kr54.29 at the end of this 3-month period.

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BALCO.ST Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Balco Group AB 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 kr44.08 and kr44.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.

Support, Risk & Stop-loss for Balco Group AB stock

Balco Group AB finds support from accumulated volume at kr41.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr1.35 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 3.31%.

Our recommended stop-loss: kr40.46 (-5.25%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)

Trading Expectations (BALCO.ST) For The Upcoming Trading Day Of Monday 24th

For the upcoming trading day on Monday, 24th we expect Balco Group AB to open at kr42.35, and during the day (based on 14 day Average True Range), to move between kr41.22 and kr44.18, which gives a possible trading interval of +/-kr1.48 (+/-3.47%) up or down from last closing price. If Balco Group AB takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr42.90 (0.47%) than the support at kr41.45 (2.93%), 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 Balco Group AB stock A Buy?

Balco Group AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.339 Hold/Accumulate Upgraded

Predicted Opening Price for Balco Group AB of Monday, June 24, 2024

Fair opening price June 24, 2024 Current price
kr42.35 ( 0.82%) kr42.70

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for BALCO.ST

Fibonacci Support & Resistance Levels

Level Price
R3 43.70 2.34%
R2 43.18 1.13%
R1 42.87 0.388%
Price 42.70
S1 41.83 -2.03%
S2 41.52 -2.77%
S3 41.00 -3.98%

Accumulated Volume Support & Resistance Levels

Level Price
R3 46.05 7.85%
R2 46.00 7.73%
R1 42.90 0.468%
Price 42.70
S1 41.45 -2.93%
S2 41.30 -3.28%
S3 40.50 -5.15%

BALCO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Nov 08, 2023 Nov 08, 2023 Nov 14, 2023 kr0.750 1.93%
2 May 10, 2023 May 10, 2023 May 10, 2023 kr0.750 1.67%
3 Nov 23, 2022 Nov 23, 2022 Nov 23, 2022 kr1.00 2.12%
4 May 25, 2022 May 25, 2022 May 25, 2022 kr1.00 1.08%
5 May 22, 2019 May 22, 2019 May 22, 2019 kr2.00 3.06%

FAQ

What is the symbol for Balco Group AB Stock and on which exchange is it traded?
The symbol for Balco Group AB is BALCO.ST and it is traded on the OMX (Stockholm Stock Exchange).

Should I buy or sell Balco Group AB Stock?
Balco Group AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

How to buy Balco Group AB Stock?
Balco Group AB Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Balco Group AB Stock.

What's the current price of Balco Group AB Stock?
As of the end of day on the Jun 20, 2024, the price of an Balco Group AB (BALCO.ST) share was kr42.70.

What is the 52-week high and low for Balco Group AB Stock?
The 52-week high for Balco Group AB Stock is kr56.00 and the 52-week low is kr36.20.

What is the market capitalization of Balco Group AB Stock?
As of the Jun 20, 2024, the market capitalization of Balco Group AB is 983.022M.

When is the next earnings date for Balco Group AB?
The upcoming earnings date for Balco Group AB is Jul 12, 2024.
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About Balco Group AB

Balco Group AB Balco Group AB engages in developing, manufacturing, selling, and installing balcony systems for tenant-owner associations, private landlords, and public housing and construction companies. The company operates in two segments, Renovation and New Build. It offers glazed, open, city, maritime, and prefabricated balconies, as well as provides facade solutions; and accessories and other products comprising privacy screens, side and intermediate scre... BALCO.ST Profile

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