Carlsberg A-S Stock Forecast
Green day on Tuesday for Carlsberg A-S stock after gaining 1.02%
(Updated on Jun 25, 2024)
The Carlsberg A-S stock price gained 1.02% on the last trading day (Tuesday, 25th Jun 2024), rising from kr859.20 to kr868.00. During the last trading day the stock fluctuated 1.81% from a day low at kr859.60 to a day high of kr875.20. The price has fallen in 6 of the last 10 days and is down by -9.49% for this period. Volume fell on the last day by -138 thousand shares and in total, 306 thousand shares were bought and sold for approximately kr265.39 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr858.66 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Carlsberg A-S stock with a 90% probability to be traded between kr860.07 and kr994.57 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CARL-B.CO Signals & Forecast
The Carlsberg A-S 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 kr908.37 and kr944.74. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. 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 Carlsberg A-S stock
Carlsberg A-S finds support from accumulated volume at kr859.20 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 kr15.60 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.87%.
Our recommended stop-loss: kr818.12 (-5.75%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (CARL-B.CO) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Carlsberg A-S to open at kr867.60, and during the day (based on 14 day Average True Range), to move between kr847.99 and kr888.01, which gives a possible trading interval of +/-kr20.01 (+/-2.31%) up or down from last closing price. If Carlsberg A-S takes out the full calculated possible swing range there will be an estimated 4.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr859.20 (1.01%) than the resistance at kr929.00 (7.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carlsberg A-S stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.099 Buy Candidate Unchanged
Predicted Opening Price for Carlsberg A-S of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr867.60 ( 0.0461%) | kr868.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CARL-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 883.20 | 1.75% |
| R2 | 877.24 | 1.06% |
| R1 | 873.56 | 0.640% |
| Price | 868.00 | |
| S1 | 861.64 | -0.733% |
| S2 | 857.96 | -1.16% |
| S3 | 852.00 | -1.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 946.80 | 9.08% |
| R2 | 943.20 | 8.66% |
| R1 | 929.00 | 7.03% |
| Price | 868.00 | |
| S1 | 859.20 | -1.01% |
| S2 | 858.60 | -1.08% |
| S3 | 0 | - |
CARL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Mar 14, 2024 | kr27.00 | 2.93% |
| 2 | Mar 14, 2023 | Mar 14, 2023 | Mar 14, 2023 | kr27.00 | 2.74% |
| 3 | Mar 15, 2022 | Mar 15, 2022 | Mar 15, 2022 | kr24.00 | 3.11% |
| 4 | Mar 16, 2021 | Mar 16, 2021 | Mar 16, 2021 | kr22.00 | 2.24% |
| 5 | Mar 17, 2020 | Mar 17, 2020 | Mar 17, 2020 | kr21.00 | 2.96% |
FAQ
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