Beijer Alma AB (publ) Stock Forecast
Green day on Friday for Beijer Alma AB (publ) stock after gaining 3.21%
(Updated on May 10, 2024)
The Beijer Alma AB (publ) stock price gained 3.21% on the last trading day (Friday, 10th May 2024), rising from kr202.50 to kr209.00. During the last trading day the stock fluctuated 2.96% from a day low at kr203.00 to a day high of kr209.00. The price has been going up and down for this period, and there has been a 1.46% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 8 thousand more shares were traded than the day before. In total, 18 thousand shares were bought and sold for approximately kr3.74 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 19.96% during the next 3 months and, with a 90% probability hold a price between kr234.25 and kr258.13 at the end of this 3-month period.
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BEIA-B.ST Signals & Forecast
The Beijer Alma AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr207.14 and kr198.52. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.95%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Beijer Alma AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr193.40 and kr181.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Beijer Alma AB (publ) finds support just below today's level at kr193.40. If this is broken, then the next support from accumulated volume will be at kr181.00 and kr180.60.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr6.00 between high and low, or 2.96%. For the last week, the stock has had daily average volatility of 2.66%.
Our recommended stop-loss: kr200.46 (-4.09%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (BEIA-B.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Beijer Alma AB (publ) to open at kr207.00, and during the day (based on 14 day Average True Range), to move between kr203.46 and kr214.54, which gives a possible trading interval of +/-kr5.54 (+/-2.65%) up or down from last closing price. If Beijer Alma AB (publ) takes out the full calculated possible swing range there will be an estimated 5.31% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr209.50 (0.24%) than the support at kr193.40 (7.46%), 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 Beijer Alma AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Beijer Alma AB (publ) stock to perform well in the short-term.
Current score: 4.314 Buy Candidate Unchanged
Predicted Opening Price for Beijer Alma AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr207.00 ( 0.96%) | kr209.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEIA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 213.00 | 1.91 % | |
| R2 | 210.71 | 0.82 % | ||
| R1 | 209.29 | 0.140 % | ||
| Current price: | 209.00 | |||
| Support | S1 | 204.71 | -2.05 % | |
| S2 | 203.29 | -2.73 % | ||
| S3 | 201.00 | -3.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 211.00 | 0.96 % | |
| R2 | 210.50 | 0.718 % | ||
| R1 | 209.50 | 0.239 % | ||
| Current price | 209.00 | |||
| Support | S1 | 193.40 | -7.46% | |
| S2 | 181.00 | -13.40% | ||
| S3 | 180.60 | -13.59% |
BEIA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr3.85 | 1.85% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | kr3.75 | 1.82% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | kr3.50 | 1.59% |
| 4 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | kr3.50 | 1.61% |
| 5 | Mar 24, 2021 | Mar 24, 2021 | Mar 24, 2021 | kr3.00 | 1.88% |
FAQ
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