Duroc AB (publ) Stock Forecast
Duroc AB (publ) stock upgraded to Hold/Accumulate.
(Updated on Apr 25, 2024)
The Duroc AB (publ) stock price fell by -0.286% on the last day (Thursday, 25th Apr 2024) from kr17.50 to kr17.45. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.72% from a day low at kr17.45 to a day high of kr17.75. The price has fallen in 7 of the last 10 days but is still up by 1.16% over the past 2 weeks. Volume has increased on the last day by 7 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, 12 thousand shares were bought and sold for approximately kr203.31 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Duroc AB (publ) stock with a 90% probability to be traded between kr16.23 and kr17.86 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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DURC-B.ST Signals & Forecast
The Duroc AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr17.44 and kr17.39. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 2.35%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Duroc AB (publ) 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 Duroc AB (publ) stock
Duroc AB (publ) finds support from accumulated volume at kr17.25 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.300 (1.72%) between high and low. For the last week, the stock has had daily average volatility of 3.01%.
Our recommended stop-loss: kr16.71 (-4.27%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (DURC-B.ST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Duroc AB (publ) to open at kr17.55, and during the day (based on 14 day Average True Range), to move between kr16.91 and kr17.99, which gives a possible trading interval of +/-kr0.539 (+/-3.09%) up or down from last closing price. If Duroc AB (publ) takes out the full calculated possible swing range there will be an estimated 6.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr17.50 (0.29%) than the support at kr17.25 (1.15%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.
Is Duroc AB (publ) stock A Buy?
Duroc AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.116 Hold/Accumulate Upgraded
Predicted Opening Price for Duroc AB (publ) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| kr17.55 ( 0.573%) | kr17.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DURC-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 17.85 | 2.29 % | |
| R2 | 17.74 | 1.64 % | ||
| R1 | 17.66 | 1.23 % | ||
| Current price: | 17.45 | |||
| Support | S1 | 17.44 | -0.0837 % | |
| S2 | 17.36 | -0.489 % | ||
| S3 | 17.25 | -1.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.50 | 6.02 % | |
| R2 | 18.00 | 3.15 % | ||
| R1 | 17.50 | 0.287 % | ||
| Current price | 17.45 | |||
| Support | S1 | 17.25 | -1.15% | |
| S2 | 17.20 | -1.43% | ||
| S3 | 17.10 | -2.01% |
DURC-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 09, 2022 | Nov 09, 2022 | Nov 09, 2022 | kr0.250 | 1.25% |
| 2 | May 07, 2013 | May 07, 2013 | May 07, 2013 | kr0.400 | 3.62% |
| 3 | May 04, 2012 | May 04, 2012 | May 04, 2012 | kr2.20 | 13.58% |
| 4 | May 07, 2008 | May 07, 2008 | May 07, 2008 | kr1.50 | 5.56% |
FAQ
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