Corem Property Group AB (publ) Stock Forecast

Corem Property Group AB (publ) stock downgraded to Hold/Accumulate
(Updated on May 24, 2024)

CORE-A.ST Signals & Forecast

The Corem Property Group 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 kr9.17. On a fall, the stock will find some support from the long-term average at approximately kr9.02. 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 16, 2024, and so far it has fallen -4.00%. 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. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Corem Property Group AB (publ) stock

Corem Property Group AB (publ) finds support from accumulated volume at kr9.00 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 kr0.160 between high and low, or 1.75%. For the last week the stock has had daily average volatility of 3.40%.

Our recommended stop-loss: kr8.77 (-3.84%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (CORE-A.ST) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect Corem Property Group AB (publ) to open at kr9.17, and during the day (based on 14 day Average True Range), to move between kr8.80 and kr9.44, which gives a possible trading interval of +/-kr0.324 (+/-3.55%) up or down from last closing price. If Corem Property Group AB (publ) takes out the full calculated possible swing range there will be an estimated 7.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr9.00 (1.32%) than the resistance at kr9.84 (7.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Corem Property Group AB (publ) stock A Buy?

Corem Property Group 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.323 Hold/Accumulate Downgraded

Predicted Opening Price for Corem Property Group AB (publ) of Monday, May 27, 2024

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