Bure Equity AB (publ) Stock Forecast
Red day on Thursday for Bure Equity AB (publ) stock after losing 0.430%
(Updated on Apr 18, 2024)
The Bure Equity AB (publ) stock price fell by -0.430% on the last day (Thursday, 18th Apr 2024) from kr325.60 to kr324.20. During the last trading day the stock fluctuated 3.44% from a day low at kr319.80 to a day high of kr330.80. The price has risen in 5 of the last 10 days and is up by 0.25% over the past 2 weeks. Volume has increased on the last day by 7 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, 32 thousand shares were bought and sold for approximately kr10.26 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr323.15 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 15.83% during the next 3 months and, with a 90% probability hold a price between kr374.31 and kr408.80 at the end of this 3-month period.
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BURE.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Bure Equity 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 kr326.17 and kr331.75. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, March 28, 2024, and so far it has fallen -5.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Bure Equity AB (publ) stock
Bure Equity AB (publ) finds support from accumulated volume at kr319.20 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 kr11.00 between high and low, or 3.44%. For the last week the stock has had daily average volatility of 2.48%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BURE.ST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Bure Equity AB (publ) to open at kr324.93, and during the day (based on 14 day Average True Range), to move between kr315.95 and kr332.45, which gives a possible trading interval of +/-kr8.25 (+/-2.55%) up or down from last closing price. If Bure Equity AB (publ) takes out the full calculated possible swing range there will be an estimated 5.09% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr319.20 (1.54%) than the resistance at kr332.40 (2.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bure Equity AB (publ) stock A Buy?
The Bure Equity AB (publ) stock holds several negative signals and despite the positive trend, we believe Bure Equity AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.612 Sell Candidate Unchanged
Predicted Opening Price for Bure Equity AB (publ) of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| kr324.93 ( 0.226%) | kr324.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BURE.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 335.93 | 3.62 % | |
| R2 | 331.73 | 2.32 % | ||
| R1 | 329.14 | 1.52 % | ||
| Current price: | 324.20 | |||
| Support | S1 | 320.73 | -1.07 % | |
| S2 | 318.14 | -1.87 % | ||
| S3 | 313.93 | -3.17 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 338.40 | 4.38 % | |
| R2 | 337.20 | 4.01 % | ||
| R1 | 332.40 | 2.53 % | ||
| Current price | 324.20 | |||
| Support | S1 | 319.20 | -1.54% | |
| S2 | 302.20 | -6.79% | ||
| S3 | 297.00 | -8.39% |
BURE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr2.50 | 0.769% |
| 2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr2.25 | 0.87% |
| 3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr2.25 | 1.05% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr2.00 | 0.522% |
| 5 | Jun 12, 2020 | Jun 12, 2020 | Jun 12, 2020 | kr1.00 | 0.495% |
FAQ
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