Bygghemma Group First AB (publ) Stock Forecast

Bygghemma Group First AB (publ) stock price down 0.555% on Friday
(Updated on May 10, 2024)

BHG.ST Signals & Forecast

There are few to no technical positive signals at the moment. The Bygghemma Group First 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 kr17.24. On a fall, the stock will find some support from the short-term average at kr15.09. 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. A sell signal was issued from a pivot top point on Wednesday, May 08, 2024, and so far it has fallen -0.555%. 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). 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 Bygghemma Group First AB (publ) stock

Bygghemma Group First AB (publ) finds support from accumulated volume at kr15.85 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.490 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 5.71%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BHG.ST) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Bygghemma Group First AB (publ) to open at kr16.21, and during the day (based on 14 day Average True Range), to move between kr15.13 and kr17.11, which gives a possible trading interval of +/-kr0.99 (+/-6.17%) up or down from last closing price. If Bygghemma Group First AB (publ) takes out the full calculated possible swing range there will be an estimated 12.34% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr16.21 (0.56%) than the support at kr15.85 (1.67%), 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 Bygghemma Group First AB (publ) stock A Buy?

The Bygghemma Group First AB (publ) stock holds several negative signals and despite the positive trend, we believe Bygghemma Group First AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.

Current score: -4.018 Sell Candidate Unchanged

Predicted Opening Price for Bygghemma Group First AB (publ) of Monday, May 13, 2024

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