Bjorn Borg AB (publ) Stock Forecast
Bjorn Borg AB (publ) stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Bjorn Borg AB (publ) stock price fell by -2.51% on the last day (Thursday, 25th Apr 2024) from kr49.80 to kr48.55. During the last trading day the stock fluctuated 2.99% from a day low at kr48.50 to a day high of kr49.95. The price has been going up and down for this period, and there has been a -1.02% loss for the last 2 weeks. Volume has increased on the last day by 10 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 21 thousand shares were bought and sold for approximately kr995.47 thousand.
The stock has broken the wide and horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately kr48.65 is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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BORG.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bjorn Borg AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr49.32 and kr50.17. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Bjorn Borg AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Bjorn Borg AB (publ) stock
Bjorn Borg AB (publ) finds support from accumulated volume at kr48.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.45 between high and low, or 2.99%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: kr45.98 (-5.30%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (BORG.ST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Bjorn Borg AB (publ) to open at kr49.00, and during the day (based on 14 day Average True Range), to move between kr47.33 and kr49.77, which gives a possible trading interval of +/-kr1.22 (+/-2.51%) up or down from last closing price. If Bjorn Borg AB (publ) takes out the full calculated possible swing range there will be an estimated 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr48.20 (0.72%) than the resistance at kr50.50 (4.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bjorn Borg AB (publ) stock A Buy?
Bjorn Borg AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.409 Hold/Accumulate Upgraded
Predicted Opening Price for Bjorn Borg AB (publ) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| kr49.00 ( 0.93%) | kr48.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BORG.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 50.45 | 3.91 % | |
| R2 | 49.90 | 2.77 % | ||
| R1 | 49.55 | 2.07 % | ||
| Current price: | 48.55 | |||
| Support | S1 | 48.45 | -0.214 % | |
| S2 | 48.10 | -0.92 % | ||
| S3 | 47.55 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.00 | 7.11 % | |
| R2 | 51.50 | 6.08 % | ||
| R1 | 50.50 | 4.02 % | ||
| Current price | 48.55 | |||
| Support | S1 | 48.20 | -0.721% | |
| S2 | 47.60 | -1.96% | ||
| S3 | 46.40 | -4.43% |
BORG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 29, 2023 | May 29, 2023 | May 29, 2023 | kr2.00 | 4.81% |
| 2 | Jun 20, 2022 | Jun 20, 2022 | Jun 20, 2022 | kr5.00 | 14.03% |
| 3 | May 27, 2021 | May 27, 2021 | May 27, 2021 | kr1.50 | 5.59% |
| 4 | May 23, 2019 | May 23, 2019 | May 23, 2019 | kr2.00 | 7.21% |
| 5 | May 28, 2018 | May 28, 2018 | May 28, 2018 | kr2.00 | 8.21% |
FAQ
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