Dedicare AB Stock Forecast

Dedicare AB stock upgraded to Sell Candidate.
(Updated on May 06, 2024)

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 kr58.60 and kr92.55. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 03, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Dedicare AB stock

Dedicare AB finds support from accumulated volume at kr56.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 5.01%

Dedicare AB is oversold on RSI14 (5). 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 Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect Dedicare AB to open at kr56.90, and during the day (based on 14 day Average True Range), to move between kr52.63 and kr61.17, which gives a possible trading interval of +/-kr4.27 (+/-7.50%) up or down from last closing price. If Dedicare AB takes out the full calculated possible swing range there will be an estimated 15.00% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr56.00 (1.58%) than the resistance at kr60.50 (6.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Dedicare AB stock A Buy?

Dedicare AB holds several negative signals and is within a very 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -3.446 Sell Candidate Upgraded

Predicted Opening Price for Dedicare AB of Tuesday, May 7, 2024

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