Camurus AB (publ) Stock Forecast
Camurus AB (publ) stock price down 0.0842% on Tuesday
(Updated on Jul 02, 2024)
The Camurus AB (publ) stock price fell by -0.0842% on the last day (Tuesday, 2nd Jul 2024) from kr594.00 to kr593.50. During the last trading day the stock fluctuated 1.44% from a day low at kr590.50 to a day high of kr599.00. The price has been going up and down for this period, and there has been a 5.04% gain for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -47 thousand shares and in total, 32 thousand shares were bought and sold for approximately kr19.25 million.
The stock lies in the middle of a wide and strong 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 22.05% during the next 3 months and, with a 90% probability hold a price between kr678.92 and kr783.83 at the end of this 3-month period.
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CAMX.ST Signals & Forecast
The Camurus 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 kr590.57 and kr571.21. A breakdown below any of these levels will issue sell signals. 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, June 03, 2024, and so far it has fallen -1.98%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Camurus AB (publ) stock
Camurus AB (publ) finds support from accumulated volume at kr581.00 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 kr8.50 between high and low, or 1.44%. For the last week, the stock has had daily average volatility of 1.92%.
Our recommended stop-loss: kr562.58 (-5.21%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 49 days ago.)
Trading Expectations (CAMX.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Camurus AB (publ) to open at kr594.33, and during the day (based on 14 day Average True Range), to move between kr575.59 and kr611.41, which gives a possible trading interval of +/-kr17.91 (+/-3.02%) up or down from last closing price. If Camurus AB (publ) takes out the full calculated possible swing range there will be an estimated 6.03% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr594.00 (0.08%) than the support at kr581.00 (2.11%), 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 Camurus 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 Camurus AB (publ) stock to perform well in the short-term.
Current score: 3.227 Buy Candidate Unchanged
Predicted Opening Price for Camurus AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr594.33 ( 0.140%) | kr593.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CAMX.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 602.83 | 1.57% |
| R2 | 599.59 | 1.03% |
| R1 | 597.58 | 0.688% |
| Price | 593.50 | |
| S1 | 591.09 | -0.407% |
| S2 | 589.08 | -0.745% |
| S3 | 585.83 | -1.29% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 605.50 | 2.02% |
| R2 | 600.00 | 1.10% |
| R1 | 594.00 | 0.0842% |
| Price | 593.50 | |
| S1 | 581.00 | -2.11% |
| S2 | 564.00 | -4.97% |
| S3 | 554.00 | -6.66% |
FAQ
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