Bjorn Borg AB (publ) Stock Forecast
Green day on Friday for Bjorn Borg AB (publ)
(Updated on May 03, 2024)
The Bjorn Borg AB (publ) stock price gained 1.99% on the last trading day (Friday, 3rd May 2024), rising from kr47.75 to kr48.70. During the last trading day the stock fluctuated 3.16% from a day low at kr47.50 to a day high of kr49.00. The price has been going up and down for this period, and there has been a -0.61% loss for the last 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 34 thousand shares were bought and sold for approximately kr1.65 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 of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr47.73 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.17% during the next 3 months and, with a 90% probability hold a price between kr46.69 and kr51.46 at the end of this 3-month period.
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BORG.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 1.99%. Further rise is indicated until a new top pivot has been found. 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. The Bjorn Borg 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 kr49.99. On a fall, the stock will find some support from the short-term average at kr48.61. 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.
Support, Risk & Stop-loss for Bjorn Borg AB (publ) stock
Bjorn Borg AB (publ) finds support from accumulated volume at kr48.55 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 kr1.50 between high and low, or 3.16%. For the last week the stock has had daily average volatility of 2.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BORG.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Bjorn Borg AB (publ) to open at kr48.40, and during the day (based on 14 day Average True Range), to move between kr47.47 and kr49.93, which gives a possible trading interval of +/-kr1.23 (+/-2.53%) 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 5.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr48.55 (0.31%) than the resistance at kr50.50 (3.70%), 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 we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.827 Sell Candidate Unchanged
Predicted Opening Price for Bjorn Borg AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr48.40 ( 0.616%) | kr48.70 |
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 | 49.90 | 2.46 % | |
| R2 | 49.33 | 1.29 % | ||
| R1 | 48.97 | 0.561 % | ||
| Current price: | 48.70 | |||
| Support | S1 | 47.83 | -1.79 % | |
| S2 | 47.47 | -2.52 % | ||
| S3 | 46.90 | -3.70 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.00 | 6.78 % | |
| R2 | 51.50 | 5.75 % | ||
| R1 | 50.50 | 3.70 % | ||
| Current price | 48.70 | |||
| Support | S1 | 48.55 | -0.308% | |
| S2 | 48.25 | -0.92% | ||
| S3 | 47.75 | -1.95% |
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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