Fastighets AB Balder (publ) Stock Forecast
Red day on Wednesday for Fastighets AB Balder (publ)
(Updated on Apr 24, 2024)
The Fastighets AB Balder (publ) stock price fell by -4.99% on the last day (Wednesday, 24th Apr 2024) from kr69.36 to kr65.90. During the last trading day the stock fluctuated 6.21% from a day low at kr65.72 to a day high of kr69.80. The price has been going up and down for this period, and there has been a -5.53% loss for the last 2 weeks. Volume has increased on the last day by 751 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, 2 million shares were bought and sold for approximately kr127.75 million.
The stock has broken the wide and weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at kr65.91. A reaction back to this level may hold a second chance to get out before further falls.
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BALD-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 0.672%. 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 Fastighets AB Balder (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 kr66.90 and kr71.45. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Fastighets AB Balder (publ) stock
Fastighets AB Balder (publ) finds support from accumulated volume at kr65.84 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 kr4.08 between high and low, or 6.21%. For the last week, the stock has had daily average volatility of 2.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BALD-B.ST) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Fastighets AB Balder (publ) to open at kr67.14, and during the day (based on 14 day Average True Range), to move between kr63.50 and kr68.30, which gives a possible trading interval of +/-kr2.40 (+/-3.64%) up or down from last closing price. If Fastighets AB Balder (publ) takes out the full calculated possible swing range there will be an estimated 7.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr65.84 (0.09%) than the resistance at kr66.40 (0.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fastighets AB Balder (publ) stock A Buy?
The Fastighets AB Balder (publ) stock holds several negative signals and despite the positive trend, we believe Fastighets AB Balder (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -4.210 Sell Candidate Unchanged
Predicted Opening Price for Fastighets AB Balder (publ) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| kr67.14 ( 1.88%) | kr65.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BALD-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.22 | 8.07 % | |
| R2 | 69.66 | 5.71 % | ||
| R1 | 68.70 | 4.25 % | ||
| Current price: | 65.90 | |||
| Support | S1 | 65.58 | -0.483 % | |
| S2 | 64.62 | -1.94 % | ||
| S3 | 63.06 | -4.31 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.00 | 15.33 % | |
| R2 | 71.48 | 8.47 % | ||
| R1 | 66.40 | 0.759 % | ||
| Current price | 65.90 | |||
| Support | S1 | 65.84 | -0.0910% | |
| S2 | 64.44 | -2.22% | ||
| S3 | 63.88 | -3.07% |
BALD-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2014 | Jan 08, 2014 | Jan 08, 2014 | kr5.00 | 44.61% |
| 2 | May 09, 2008 | May 09, 2008 | May 09, 2008 | kr0.0278 | 1.51% |
FAQ
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