C-Rad AB (publ) Stock Forecast

C-Rad AB (publ) stock price ended at kr39.85 on Friday, after losing 0.623%.
(Updated on May 17, 2024)

CRAD-B.ST Signals & Forecast

The C-Rad 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 kr40.32. On a fall, the stock will find some support from the long-term average at approximately kr39.79. 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. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 5.42%. Further rise is indicated until a new top pivot has been found. 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. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

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

C-Rad AB (publ) finds support from accumulated volume at kr39.60 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 kr0.500 between high and low, or 1.26%. For the last week, the stock has had daily average volatility of 3.52%.

Our recommended stop-loss: kr38.39 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 9 days ago.)

Trading Expectations (CRAD-B.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect C-Rad AB (publ) to open at kr39.85, and during the day (based on 14 day Average True Range), to move between kr38.34 and kr41.36, which gives a possible trading interval of +/-kr1.51 (+/-3.78%) up or down from last closing price. If C-Rad AB (publ) takes out the full calculated possible swing range there will be an estimated 7.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr39.60 (0.63%) than the resistance at kr41.65 (4.52%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is C-Rad AB (publ) stock A Buy?

Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.

Current score: 1.584 Buy Candidate Unchanged

Predicted Opening Price for C-Rad AB (publ) of Monday, May 20, 2024

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