Boule Diagnostics AB (publ) Stock Forecast
Stronger technical forecast for Boule Diagnostics AB (publ) stock price after Tuesday trading.
(Updated on May 21, 2024)
The Boule Diagnostics AB (publ) stock price gained 2.00% on the last trading day (Tuesday, 21st May 2024), rising from kr10.00 to kr10.20. During the last trading day the stock fluctuated 6.64% from a day low at kr9.94 to a day high of kr10.60. The price has risen in 7 of the last 10 days and is up by 2.62% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 149 thousand more shares were traded than the day before. In total, 159 thousand shares were bought and sold for approximately kr1.62 million.
The stock lies in the middle of a wide and weak 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 3.23% during the next 3 months and, with a 90% probability hold a price between kr9.82 and kr11.32 at the end of this 3-month period.
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BOUL.ST Signals & Forecast
Mostly positive signals in the chart today. The Boule Diagnostics AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr10.27. On a fall, the stock will find some support from the long-term average at approximately kr9.86. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Monday, May 20, 2024, and so far it has risen 2.00%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Boule Diagnostics AB (publ) stock
Boule Diagnostics AB (publ) finds support from accumulated volume at kr10.10 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 kr0.660 between high and low, or 6.64%. For the last week, the stock has had daily average volatility of 7.37%.
Our recommended stop-loss: kr9.66 (-5.28%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 3 days ago.)
Trading Expectations (BOUL.ST) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect Boule Diagnostics AB (publ) to open at kr10.25, and during the day (based on 14 day Average True Range), to move between kr9.60 and kr10.80, which gives a possible trading interval of +/-kr0.597 (+/-5.85%) up or down from last closing price. If Boule Diagnostics AB (publ) takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr10.25 (0.49%) than the support at kr10.10 (0.98%), 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 Boule Diagnostics 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 Boule Diagnostics AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.329 Buy Candidate Upgraded
Predicted Opening Price for Boule Diagnostics AB (publ) of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| kr10.25 ( 0.458%) | kr10.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOUL.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.91 | 6.93 % | |
| R2 | 10.65 | 4.46 % | ||
| R1 | 10.50 | 2.93 % | ||
| Current price: | 10.20 | |||
| Support | S1 | 9.99 | -2.01 % | |
| S2 | 9.84 | -3.54 % | ||
| S3 | 9.59 | -6.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10.46 | 2.55 % | |
| R2 | 10.30 | 0.98 % | ||
| R1 | 10.25 | 0.490 % | ||
| Current price | 10.20 | |||
| Support | S1 | 10.10 | -0.98% | |
| S2 | 9.98 | -2.16% | ||
| S3 | 9.51 | -6.76% |
BOUL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr0.389 | 1.06% |
| 2 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.389 | 0.605% |
| 3 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.600 | 0.98% |
| 4 | May 07, 2019 | May 07, 2019 | May 07, 2019 | kr0.389 | 0.614% |
| 5 | May 19, 2017 | May 19, 2017 | May 19, 2017 | kr1.40 | 1.91% |
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