Dedicare AB Stock Forecast
High volatility in Dedicare AB stock price on Friday which ended trading at kr60.50
(Updated on Apr 26, 2024)
The Dedicare AB stock price fell by -12.95% on the last day (Friday, 26th Apr 2024) from kr69.50 to kr60.50. It has now fallen 6 days in a row. During the last trading day the stock fluctuated 11.64% from a day low at kr59.30 to a day high of kr66.20. The price has fallen in 8 of the last 10 days and is down by -40.69% for this period. 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 -112 thousand shares and in total, 342 thousand shares were bought and sold for approximately kr20.71 million.
The stock has broken the wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (kr86.11) are considered to be a "second chance" to get out. According to the fan-theory kr71.91 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
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DEDI.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Dedicare AB 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 kr89.44 and kr98.62. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 20, 2024, and so far it has fallen -41.71%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dedicare AB stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr6.90 between high and low, or 11.64%. For the last week, the stock has had daily average volatility of 14.16%.
Dedicare AB is oversold on RSI14 (1). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DEDI.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Dedicare AB to open at kr62.00, and during the day (based on 14 day Average True Range), to move between kr55.48 and kr65.52, which gives a possible trading interval of +/-kr5.02 (+/-8.29%) up or down from last closing price. If Dedicare AB takes out the full calculated possible swing range there will be an estimated 16.59% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr69.50, some kr9.00 (14.88%) from the current price of kr60.50, our system finds the risk reward not very attractive.
Is Dedicare AB stock A Buy?
Dedicare AB holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -8.375 Strong Sell Candidate Unchanged
Predicted Opening Price for Dedicare AB of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr62.00 ( 2.48%) | kr60.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DEDI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 68.90 | 13.88 % | |
| R2 | 66.26 | 9.53 % | ||
| R1 | 64.64 | 6.84 % | ||
| Current price: | 60.50 | |||
| Support | S1 | 59.36 | -1.88 % | |
| S2 | 57.74 | -4.57 % | ||
| S3 | 55.10 | -8.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 69.50 | 14.88 % | ||
| Current price | 60.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
DEDI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr6.50 | 10.76% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr6.00 | 4.56% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr4.00 | 4.81% |
| 4 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | kr2.50 | 3.92% |
| 5 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | kr2.60 | 6.67% |
FAQ
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