Dustin Group AB (publ) Stock Forecast
Green day on Friday for Dustin Group AB (publ) stock after gaining 1.61%
(Updated on May 24, 2024)
The Dustin Group AB (publ) stock price gained 1.61% on the last trading day (Friday, 24th May 2024), rising from kr13.05 to kr13.26. During the last trading day the stock fluctuated 3.26% from a day low at kr12.90 to a day high of kr13.32. The price has risen in 6 of the last 10 days and is up by 7.11% over the past 2 weeks. Volume fell on the last day by -459 thousand shares and in total, 559 thousand shares were bought and sold for approximately kr7.42 million. 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 wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.30% during the next 3 months and, with a 90% probability hold a price between kr12.81 and kr15.05 at the end of this 3-month period.
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DUST.ST Signals & Forecast
The Dustin Group 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 kr13.02 and kr12.80. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -0.0754%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Dustin Group AB (publ) stock
Dustin Group AB (publ) finds support from accumulated volume at kr13.15 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.420 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 3.00%.
Our recommended stop-loss: kr12.84 (-3.19%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (DUST.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Dustin Group AB (publ) to open at kr13.16, and during the day (based on 14 day Average True Range), to move between kr12.82 and kr13.70, which gives a possible trading interval of +/-kr0.442 (+/-3.33%) up or down from last closing price. If Dustin Group AB (publ) takes out the full calculated possible swing range there will be an estimated 6.66% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr13.29 (0.23%) than the support at kr13.15 (0.83%), 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 Dustin Group AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Dustin Group AB (publ) stock to perform well in the short-term.
Current score: 4.254 Buy Candidate Unchanged
Predicted Opening Price for Dustin Group AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr13.16 ( 0.754%) | kr13.26 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUST.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.58 | 2.41 % | |
| R2 | 13.42 | 1.20 % | ||
| R1 | 13.32 | 0.456 % | ||
| Current price: | 13.26 | |||
| Support | S1 | 13.00 | -1.96 % | |
| S2 | 12.90 | -2.71 % | ||
| S3 | 12.74 | -3.92 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 13.69 | 3.24 % | |
| R2 | 13.66 | 3.02 % | ||
| R1 | 13.29 | 0.226 % | ||
| Current price | 13.26 | |||
| Support | S1 | 13.15 | -0.83% | |
| S2 | 12.21 | -7.92% | ||
| S3 | 11.86 | -10.56% |
DUST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | kr2.21 | 2.20% |
| 2 | Dec 15, 2020 | Dec 15, 2020 | Dec 15, 2020 | kr2.12 | 3.41% |
| 3 | Dec 12, 2019 | Dec 12, 2019 | Dec 12, 2019 | kr2.90 | 3.90% |
| 4 | Dec 12, 2018 | Dec 12, 2018 | Dec 12, 2018 | kr2.62 | 3.51% |
| 5 | Dec 14, 2017 | Dec 14, 2017 | Dec 14, 2017 | kr2.63 | 3.33% |
FAQ
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