CellaVision AB (publ) Stock Forecast

CellaVision AB (publ) stock upgraded from Sell Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 14, 2024)

CEVI.ST Signals & Forecast

The CellaVision AB (publ) 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 kr231.50. On a fall, the stock will find some support from the long-term average at approximately kr227.56. 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 Friday, May 10, 2024, and so far it has fallen -5.56%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The stock had a Golden Star Signal on Thursday, December 07, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for CellaVision AB (publ) stock

CellaVision AB (publ) finds support from accumulated volume at kr227.00 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 kr10.50 between high and low, or 4.68%. For the last week, the stock has had daily average volatility of 4.33%.

Our recommended stop-loss: kr217.89 (-5.06%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)

Trading Expectations (CEVI.ST) For The Upcoming Trading Day Of Wednesday 15th

For the upcoming trading day on Wednesday, 15th we expect CellaVision AB (publ) to open at kr229.67, and during the day (based on 14 day Average True Range), to move between kr219.87 and kr239.13, which gives a possible trading interval of +/-kr9.63 (+/-4.20%) up or down from last closing price. If CellaVision AB (publ) takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr227.00 (1.09%) than the resistance at kr233.00 (1.53%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is CellaVision AB (publ) stock A Buy?

CellaVision AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: 0.267 Hold/Accumulate Upgraded

Predicted Opening Price for CellaVision AB (publ) of Wednesday, May 15, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.