Carlsberg A/S (ADR) Stock Forecast
Carlsberg A/S (ADR) stock price up 1.24% on Tuesday
(Updated on May 07, 2024)
The Carlsberg A/S (ADR) stock price gained 1.24% on the last trading day (Tuesday, 7th May 2024), rising from $26.68 to $27.01. During the last trading day the stock fluctuated 1.45% from a day low at $26.86 to a day high of $27.25. The price has risen in 6 of the last 10 days and is up by 0.75% 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, 15 thousand more shares were traded than the day before. In total, 46 thousand shares were bought and sold for approximately $1.24 million.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at $27.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.92% during the next 3 months and, with a 90% probability hold a price between $24.59 and $26.53 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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CABGY Signals & Forecast
The Carlsberg A/S (ADR) 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 $26.90 and $26.83. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Carlsberg A/S (ADR) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -1.46%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Carlsberg A/S (ADR) stock
Carlsberg A/S (ADR) finds support from accumulated volume at $26.89 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.390 (1.45%) between high and low. For the last week, the stock has had daily average volatility of 1.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CABGY) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Carlsberg A/S (ADR) to open at $27.04, and during the day (based on 14 day Average True Range), to move between $26.60 and $27.42, which gives a possible trading interval of +/-$0.412 (+/-1.53%) up or down from last closing price. If Carlsberg A/S (ADR) takes out the full calculated possible swing range there will be an estimated 3.05% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $26.89 (0.44%) than the resistance at $27.22 (0.78%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Carlsberg A/S (ADR) will release earnings BMO on Wednesday, May 15, 2024. We will update the financials statements for Carlsberg A/S (ADR), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 1.79% in the first trading day after earnings release.
Is Carlsberg A/S (ADR) stock A Buy?
Carlsberg A/S (ADR) 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: -1.360 Sell Candidate Unchanged
Predicted Opening Price for Carlsberg A/S (ADR) of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $27.04 ( 0.111%) | $27.01 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CABGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.43 | 1.55 % | |
| R2 | 27.28 | 1.00 % | ||
| R1 | 27.19 | 0.663 % | ||
| Current price: | 27.01 | |||
| Support | S1 | 26.89 | -0.441 % | |
| S2 | 26.80 | -0.781 % | ||
| S3 | 26.65 | -1.33 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.61 | 2.22 % | |
| R2 | 27.40 | 1.44 % | ||
| R1 | 27.22 | 0.777 % | ||
| Current price | 27.01 | |||
| Support | S1 | 26.89 | -0.444% | |
| S2 | 26.75 | -0.96% | ||
| S3 | 26.50 | -1.89% |
CABGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Mar 21, 2024 | $0.526 | 2.00% |
| 2 | Jun 13, 2023 | Mar 14, 2023 | Mar 23, 2023 | $0.778 | 2.65% |
| 3 | Mar 15, 2022 | Mar 15, 2022 | Mar 24, 2022 | $0.722 | 3.08% |
| 4 | Mar 03, 2021 | Mar 16, 2021 | Mar 25, 2021 | $0.713 | 2.31% |
| 5 | Mar 02, 2020 | Mar 17, 2020 | Mar 26, 2020 | $0.620 | 2.82% |
FAQ
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