Bravida Holding AB (publ) Stock Forecast

Red day on Friday for Bravida Holding AB (publ) stock after losing 0.92%
(Updated on May 03, 2024)

BRAV.ST Signals & Forecast

A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.32%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Bravida Holding 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 kr83.17. On a fall, the stock will find some support from the short-term average at kr74.06. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Bravida Holding AB (publ) stock

On the downside, the stock finds support just below today's level from accumulated volume at kr70.50 and kr69.95. 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, Bravida Holding AB (publ) finds support just below today's level at kr70.50. If this is broken, then the next support from accumulated volume will be at kr69.95 and kr69.70.

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 kr1.80 between high and low, or 2.40%. For the last week, the stock has had daily average volatility of 3.67%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (BRAV.ST) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect Bravida Holding AB (publ) to open at kr75.83, and during the day (based on 14 day Average True Range), to move between kr72.23 and kr78.77, which gives a possible trading interval of +/-kr3.27 (+/-4.33%) up or down from last closing price. If Bravida Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 8.67% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr77.50 (2.65%) than the support at kr70.50 (6.62%), 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 Bravida Holding AB (publ) stock A Buy?

Bravida Holding 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: -1.066 Sell Candidate Unchanged

Predicted Opening Price for Bravida Holding AB (publ) of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.