Beijer Alma AB (publ) Stock Forecast
Beijer Alma AB (publ) stock price ended at kr212.00 on Wednesday, after gaining 1.19%.
(Updated on Jun 05, 2024)
The Beijer Alma AB (publ) stock price gained 1.19% on the last trading day (Wednesday, 5th Jun 2024), rising from kr209.50 to kr212.00. During the last trading day the stock fluctuated 1.19% from a day low at kr209.50 to a day high of kr212.00. The price has risen in 7 of the last 10 days but is still down by -1.4% for this period. Volume fell on the last day by -10 thousand shares and in total, 9 thousand shares were bought and sold for approximately kr1.99 million. 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 strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr209.90 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 21.92% during the next 3 months and, with a 90% probability hold a price between kr255.92 and kr275.54 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
BEIA-B.ST Signals & Forecast
A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -3.64%. 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). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Beijer Alma AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr213.71. On a fall, the stock will find some support from the long-term average at approximately kr207.98. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Beijer Alma AB (publ) stock
Beijer Alma AB (publ) finds support from accumulated volume at kr211.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr2.50 (1.19%) between high and low. For the last week, the stock has had daily average volatility of 3.10%.
Our recommended stop-loss: kr202.16 (-4.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 36 days ago.)
Trading Expectations (BEIA-B.ST) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Beijer Alma AB (publ) to open at kr211.17, and during the day (based on 14 day Average True Range), to move between kr206.46 and kr217.54, which gives a possible trading interval of +/-kr5.54 (+/-2.61%) 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 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr211.00 (0.47%) than the resistance at kr215.00 (1.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Beijer Alma AB (publ) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.490 Buy Candidate Unchanged
Predicted Opening Price for Beijer Alma AB (publ) of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| kr211.17 ( 0.393%) | kr212.00 |
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 | |
|---|---|---|
| R3 | 213.67 | 0.786% |
| R2 | 212.71 | 0.336% |
| R1 | 212.12 | 0.0574% |
| Price | 212.00 | |
| S1 | 210.21 | -0.84% |
| S2 | 209.62 | -1.12% |
| S3 | 208.67 | -1.57% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 220.00 | 3.77% |
| R2 | 215.50 | 1.65% |
| R1 | 215.00 | 1.42% |
| Price | 212.00 | |
| S1 | 211.00 | -0.472% |
| S2 | 193.40 | -8.77% |
| S3 | 180.60 | -14.81% |
BEIA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr3.85 | 1.83% |
| 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
Click here for our free guide on how to buy Beijer Alma AB (publ) Stock.
