14-day Premium Trial Subscription Try For FreeTry Free
RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of DNKEY
Powered by GPT-4
Upgraded!
Stock Analysis
Risk Assessment
Trading Strategy

Weaker technical forecast for Danske Bank As as stock downgraded to Hold/Accumulate.
(Updated on May 07, 2024)

Buy or Hold candidate since May 02, 2024 Loss -2.27% PDF

The Danske Bank As stock price fell by -1.05% on the last day (Tuesday, 7th May 2024) from $14.34 to $14.19. During the last trading day the stock fluctuated 1.35% from a day low at $14.03 to a day high of $14.22. The price has fallen in 6 of the last 10 days and is down by -5.4% for this period. Volume has increased on the last day by 2 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 14 thousand shares were bought and sold for approximately $196.63 thousand.

The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $13.95 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.76% during the next 3 months and, with a 90% probability hold a price between $14.34 and $16.01 at the end of this 3-month period.

Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.

DNKEY Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.79%. 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. The Danske Bank As 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 $14.44 and $14.80. A break-up above any of these levels will issue buy signals. Danske Bank As gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Support, Risk & Stop-loss for Danske Bank As stock

Danske Bank As finds support from accumulated volume at $14.17 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved $0.190 between high and low, or 1.35%. For the last week the stock has had daily average volatility of 1.72%.

Our recommended stop-loss: $13.56 (-4.47%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)

Trading Expectations (DNKEY) For The Upcoming Trading Day Of Wednesday 8th

For the upcoming trading day on Wednesday, 8th we expect Danske Bank As to open at $14.15, and during the day (based on 14 day Average True Range), to move between $13.88 and $14.50, which gives a possible trading interval of +/-$0.306 (+/-2.15%) up or down from last closing price. If Danske Bank As takes out the full calculated possible swing range there will be an estimated 4.31% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $14.17 (0.14%) than the resistance at $14.88 (4.86%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Danske Bank As stock A Buy?

Danske Bank As holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: 0.414 Hold/Accumulate Downgraded

Predicted Opening Price for Danske Bank As of Wednesday, May 8, 2024

Fair opening price May 8, 2024 Current price
$14.15 ( 0.305%) $14.19

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

Trading levels for DNKEY

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 14.34 1.03 %
R2 14.26 0.522 %
R1 14.22 0.206 %
Current price: 14.19
Support S1 14.07 -0.82 %
S2 14.03 -1.13 %
S3 13.96 -1.64 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 15.19 7.07 %
R2 14.98 5.57 %
R1 14.88 4.86 %
Current price 14.19
Support S1 14.17 -0.141%
S2 14.05 -0.99%
S3 14.00 -1.35%

DNKEY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 22, 2024 Mar 22, 2024 Apr 02, 2024 $0.369 2.48%
2 Jul 24, 2023 Jul 28, 2023 Aug 02, 2023 $0.519 4.44%
3 Mar 18, 2022 Mar 18, 2022 Mar 29, 2022 $0.150 1.72%
4 Mar 17, 2021 Mar 17, 2021 Mar 17, 2021 $0.162 1.66%
5 Mar 18, 2020 Mar 18, 2020 Mar 18, 2020 $0.628 12.31%

FAQ

What is the symbol for Danske Bank As Stock and on which exchange is it traded?
The symbol for Danske Bank As is DNKEY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Danske Bank As Stock?
Danske Bank As holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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.

How to buy Danske Bank As Stock?
Danske Bank As Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Danske Bank As Stock.

What's the current price of Danske Bank As Stock?
As of the end of day on the May 07, 2024, the price of an Danske Bank As (DNKEY) share was $14.19.

What is the 52-week high and low for Danske Bank As Stock?
The 52-week high for Danske Bank As Stock is $898.00 and the 52-week low is $614.78.

What is the market capitalization of Danske Bank As Stock?
As of the May 07, 2024, the market capitalization of Danske Bank As is 24.374B.

When is the next earnings date for Danske Bank As?
The upcoming earnings date for Danske Bank As is Jul 19, 2024.
Click to get the best stock tips daily for free!

About Danske Bank As

Danske Bank As Danske Bank A/S provides various banking products and services to corporate, institutional, and international clients. The company offers corporate finance services, investment and debt capital markets products, merger and acquisition advisory services, equity and loan capital markets services, international payments, cash management, credit transfer, and supply chain and trade finance services. It also provides solutions for sustainable finance,... DNKEY Profile

Top Fintech Company

StockInvest.us featured in The Global Fintech Index 2020 as the top Fintech company of the country.

Full report by FINDEXABLE

ROCKIT