Bilia AB (publ) Stock Forecast
Bilia AB (publ) stock downgraded to Hold/Accumulate
(Updated on May 02, 2024)
The Bilia AB (publ) stock price fell by -1.65% on the last day (Thursday, 2nd May 2024) from kr139.50 to kr137.20. During the last trading day the stock fluctuated 2.05% from a day low at kr136.70 to a day high of kr139.50. The price has risen in 8 of the last 10 days and is up by 11.09% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -16 thousand shares and in total, 51 thousand shares were bought and sold for approximately kr6.94 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr139.75 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.82% during the next 3 months and, with a 90% probability hold a price between kr140.34 and kr156.26 at the end of this 3-month period.
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BILI-A.ST Signals & Forecast
The Bilia 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 kr132.87 and kr132.65. 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). 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 Tuesday, April 30, 2024, and so far it has fallen -1.65%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Bilia AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr130.20 and kr117.00. 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, Bilia AB (publ) finds support just below today's level at kr130.20. If this is broken, then the next support from accumulated volume will be at kr117.00 and kr114.60.
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 kr2.80 between high and low, or 2.05%. For the last week, the stock has had daily average volatility of 3.55%.
Our recommended stop-loss: kr131.10 (-4.45%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (BILI-A.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Bilia AB (publ) to open at kr137.80, and during the day (based on 14 day Average True Range), to move between kr133.33 and kr141.07, which gives a possible trading interval of +/-kr3.87 (+/-2.82%) up or down from last closing price. If Bilia AB (publ) takes out the full calculated possible swing range there will be an estimated 5.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr137.40 (0.15%) than the support at kr130.20 (5.10%), 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 Bilia AB (publ) stock A Buy?
Bilia AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.661 Hold/Accumulate Downgraded
Predicted Opening Price for Bilia AB (publ) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr137.80 ( 0.437%) | kr137.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BILI-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.60 | 2.48 % | |
| R2 | 139.53 | 1.70 % | ||
| R1 | 138.87 | 1.22 % | ||
| Current price: | 137.20 | |||
| Support | S1 | 136.73 | -0.342 % | |
| S2 | 136.07 | -0.82 % | ||
| S3 | 135.00 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.50 | 1.68 % | |
| R2 | 137.50 | 0.219 % | ||
| R1 | 137.40 | 0.146 % | ||
| Current price | 137.20 | |||
| Support | S1 | 130.20 | -5.10% | |
| S2 | 117.00 | -14.72% | ||
| S3 | 114.60 | -16.47% |
BILI-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 06, 2025 | Jan 06, 2025 | Jan 10, 2025 | kr1.65 | 1.20% |
| 2 | Oct 04, 2024 | Oct 04, 2024 | Oct 10, 2024 | kr1.65 | 1.20% |
| 3 | Jul 05, 2024 | Jul 05, 2024 | Jul 11, 2024 | kr1.65 | 1.20% |
| 4 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr1.65 | 1.20% |
| 5 | Jul 10, 2023 | Jul 10, 2023 | Jul 10, 2023 | kr2.20 | 2.05% |
FAQ
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