Bonesupport Holding AB (publ) Stock Forecast
Bonesupport Holding AB (publ) stock price up 0.742% on Monday
(Updated on May 20, 2024)
The Bonesupport Holding AB (publ) stock price gained 0.742% on the last trading day (Monday, 20th May 2024), rising from kr242.60 to kr244.40. During the last trading day the stock fluctuated 3.06% from a day low at kr241.60 to a day high of kr249.00. The price has fallen in 5 of the last 10 days but is still up by 6.82% over the past 2 weeks. Volume fell on the last day by -20 thousand shares and in total, 95 thousand shares were bought and sold for approximately kr23.10 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 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 18.68% during the next 3 months and, with a 90% probability hold a price between kr271.00 and kr308.29 at the end of this 3-month period.
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BONEX.ST Signals & Forecast
The Bonesupport Holding 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 kr238.71 and kr235.59. 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 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. 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 Friday, April 19, 2024, and so far it has fallen -0.89%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Bonesupport Holding AB (publ) stock
Bonesupport Holding AB (publ) finds support from accumulated volume at kr236.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr7.40 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 3.68%.
Our recommended stop-loss: kr234.85 (-3.91%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 62 days ago.)
Trading Expectations (BONEX.ST) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Bonesupport Holding AB (publ) to open at kr245.00, and during the day (based on 14 day Average True Range), to move between kr234.75 and kr254.05, which gives a possible trading interval of +/-kr9.65 (+/-3.95%) up or down from last closing price. If Bonesupport Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 7.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr245.00 (0.25%) than the support at kr236.20 (3.36%), 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 Bonesupport Holding 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 Bonesupport Holding AB (publ) stock to perform well in the short-term.
Current score: 3.005 Buy Candidate Unchanged
Predicted Opening Price for Bonesupport Holding AB (publ) of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr245.00 ( 0.245%) | kr244.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BONEX.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 252.40 | 3.27 % | |
| R2 | 249.57 | 2.12 % | ||
| R1 | 247.83 | 1.40 % | ||
| Current price: | 244.40 | |||
| Support | S1 | 242.17 | -0.91 % | |
| S2 | 240.43 | -1.63 % | ||
| S3 | 237.60 | -2.78 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 246.60 | 0.90 % | |
| R2 | 246.00 | 0.655 % | ||
| R1 | 245.00 | 0.245 % | ||
| Current price | 244.40 | |||
| Support | S1 | 236.20 | -3.36% | |
| S2 | 217.20 | -11.13% | ||
| S3 | 216.40 | -11.46% |
FAQ
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