Carlsberg A/S Stock Forecast
Red day on Monday for Carlsberg A/S stock after losing 1.69%
(Updated on May 13, 2024)
The Carlsberg A/S stock price fell by -1.69% on the last day (Monday, 13th May 2024) from kr1,180.00 to kr1,160.00. During the last trading day the stock fluctuated 3.45% from a day low at kr1,160.00 to a day high of kr1,200.00. The price has been going up and down for this period, and there has been a 3.11% 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 -322 shares and in total, 595 shares were bought and sold for approximately kr690.20 thousand.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.84% during the next 3 months and, with a 90% probability hold a price between kr1,008.07 and kr1,172.62 at the end of this 3-month period.
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CARL-A.CO Signals & Forecast
The Carlsberg A/S stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr1,178.57. On a fall, the stock will find some support from the long-term average at approximately kr1,136.43. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -4.13%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Carlsberg A/S stock
Carlsberg A/S finds support from accumulated volume at kr1,130.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr40.00 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 4.43%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CARL-A.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Carlsberg A/S to open at kr1,173.33, and during the day (based on 14 day Average True Range), to move between kr1,121.96 and kr1,198.04, which gives a possible trading interval of +/-kr38.04 (+/-3.28%) up or down from last closing price. If Carlsberg A/S takes out the full calculated possible swing range there will be an estimated 6.56% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr1,175.00 (1.29%) than the support at kr1,130.00 (2.59%), 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 Carlsberg A/S stock A Buy?
Carlsberg A/S 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: -3.387 Sell Candidate Unchanged
Predicted Opening Price for Carlsberg A/S of Tuesday, May 14, 2024
Fair opening price May 14, 2024 | Current price |
---|---|
kr1,173.33 ( 1.15%) | kr1,160.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CARL-A.CO
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,213.33 | 4.60 % | |
R2 | 1,198.05 | 3.28 % | ||
R1 | 1,188.61 | 2.47 % | ||
Current price: | 1,160.00 | |||
Support | S1 | 1,158.05 | -0.168 % | |
S2 | 1,148.61 | -0.98 % | ||
S3 | 1,133.33 | -2.30 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 1,185.00 | 2.16 % | |
R2 | 1,180.00 | 1.72 % | ||
R1 | 1,175.00 | 1.29 % | ||
Current price | 1,160.00 | |||
Support | S1 | 1,130.00 | -2.59% | |
S2 | 1,125.00 | -3.02% | ||
S3 | 1,120.00 | -3.45% |
CARL-A Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 12, 2024 | Mar 12, 2024 | Mar 12, 2024 | kr0 | 0% |
2 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | kr27.00 | 2.36% |
3 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | kr24.00 | 2.54% |
4 | Mar 16, 2021 | Mar 16, 2021 | Mar 16, 2021 | kr22.00 | 1.88% |
5 | Mar 17, 2020 | Mar 17, 2020 | Mar 17, 2020 | kr21.00 | 2.73% |
FAQ
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