Bravida Holding AB (publ) Stock Forecast

Green day on Friday for Bravida Holding AB (publ)
(Updated on May 17, 2024)

BRAV.ST Signals & Forecast

Mostly positive signals in the chart today. The Bravida 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 kr80.53 and kr79.47. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 18.22%. 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.

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 kr77.50 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 kr77.50. 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 kr2.25 between high and low, or 2.79%. For the last week, the stock has had daily average volatility of 3.26%.

The Bravida Holding AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: kr78.33 (-4.94%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)

Trading Expectations (BRAV.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Bravida Holding AB (publ) to open at kr81.95, and during the day (based on 14 day Average True Range), to move between kr79.19 and kr85.61, which gives a possible trading interval of +/-kr3.21 (+/-3.90%) 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 7.80% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr77.50 (5.95%) than the resistance at kr87.40 (6.07%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Bravida Holding AB (publ) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.595 Buy Candidate Unchanged

Predicted Opening Price for Bravida Holding AB (publ) of Monday, May 20, 2024

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