Doro AB (publ) Stock Forecast
Green day on Wednesday for Doro AB (publ) stock after gaining 2.46%
(Updated on May 08, 2024)
The Doro AB (publ) stock price gained 2.46% on the last trading day (Wednesday, 8th May 2024), rising from kr20.30 to kr20.80. During the last trading day the stock fluctuated 4.26% from a day low at kr19.95 to a day high of kr20.80. The price has fallen in 5 of the last 10 days and is down by -4.15% for this period. Volume fell on the last day by -43 thousand shares and in total, 45 thousand shares were bought and sold for approximately kr926.72 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -13.97% during the next 3 months and, with a 90% probability hold a price between kr16.51 and kr21.53 at the end of this 3-month period.
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DORO.ST Signals & Forecast
There are mixed signals in the stock today. The Doro AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr22.51. On a fall, the stock will find some support from the short-term average at kr20.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 6.12%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Doro AB (publ) stock
Doro AB (publ) finds support from accumulated volume at kr20.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr0.85 between high and low, or 4.26%. For the last week the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DORO.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Doro AB (publ) to open at kr20.52, and during the day (based on 14 day Average True Range), to move between kr19.53 and kr22.07, which gives a possible trading interval of +/-kr1.27 (+/-6.13%) up or down from last closing price. If Doro AB (publ) takes out the full calculated possible swing range there will be an estimated 12.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr20.30 (2.40%) than the resistance at kr21.50 (3.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Doro AB (publ) stock A Buy?
Doro AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.289 Sell Candidate Unchanged
Predicted Opening Price for Doro AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr20.52 ( 1.36%) | kr20.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DORO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.37 | 2.72 % | |
| R2 | 21.04 | 1.16 % | ||
| R1 | 20.84 | 0.199 % | ||
| Current price: | 20.80 | |||
| Support | S1 | 20.19 | -2.92 % | |
| S2 | 19.99 | -3.89 % | ||
| S3 | 19.67 | -5.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.40 | 12.50 % | |
| R2 | 23.10 | 11.06 % | ||
| R1 | 21.50 | 3.37 % | ||
| Current price | 20.80 | |||
| Support | S1 | 20.30 | -2.40% | |
| S2 | 20.00 | -3.85% | ||
| S3 | 19.60 | -5.77% |
DORO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 29, 2024 | kr0 | 0% |
| 2 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | kr1.00 | 3.53% |
| 3 | May 13, 2014 | May 13, 2014 | May 13, 2014 | kr1.50 | 7.97% |
| 4 | May 15, 2013 | May 15, 2013 | May 15, 2013 | kr1.25 | 7.71% |
| 5 | Mar 22, 2012 | Mar 22, 2012 | Mar 22, 2012 | kr1.00 | 7.43% |
FAQ
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