ELEKTA B SHS ADR Stock Forecast
Green day on Monday for ELEKTA B SHS ADR
(Updated on May 06, 2024)
The ELEKTA B SHS ADR stock price gained 2.83% on the last trading day (Monday, 6th May 2024), rising from $7.07 to $7.27. During the last trading day the stock fluctuated 0.220% from a day low at $7.27 to a day high of $7.28. The price has risen in 6 of the last 10 days and is up by 4.83% over the past 2 weeks. Volume fell on the last day by -1 thousand shares and in total, 13 thousand shares were bought and sold for approximately $93.85 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 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 -2.08% during the next 3 months and, with a 90% probability hold a price between $6.54 and $7.60 at the end of this 3-month period.
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EKTAY Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.51%. 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 ELEKTA B SHS ADR 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 $7.29. On a fall, the stock will find some support from the short-term average at $7.09. 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. 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 not be. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for ELEKTA B SHS ADR stock
ELEKTA B SHS ADR finds support from accumulated volume at $6.97 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved $0.0160 between high and low, or 0.220%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: $7.03 (-3.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (EKTAY) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect ELEKTA B SHS ADR to open at $7.27, and during the day (based on 14 day Average True Range), to move between $7.11 and $7.43, which gives a possible trading interval of +/-$0.161 (+/-2.21%) up or down from last closing price. If ELEKTA B SHS ADR takes out the full calculated possible swing range there will be an estimated 4.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $7.40 (1.79%) than the support at $6.97 (4.13%), 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 ELEKTA B SHS ADR stock A Buy?
ELEKTA B SHS ADR 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.
Current score: 0.370 Hold/Accumulate Unchanged
Predicted Opening Price for ELEKTA B SHS ADR of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| $7.27 ( 0.0550%) | $7.27 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EKTAY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.29 | 0.275 % | |
| R2 | 7.28 | 0.191 % | ||
| R1 | 7.28 | 0.139 % | ||
| Current price: | 7.27 | |||
| Support | S1 | 7.27 | -0.0291 % | |
| S2 | 7.26 | -0.0810 % | ||
| S3 | 7.26 | -0.165 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 7.66 | 5.39 % | |
| R2 | 7.51 | 3.30 % | ||
| R1 | 7.40 | 1.79 % | ||
| Current price | 7.27 | |||
| Support | S1 | 6.97 | -4.13% | |
| S2 | 6.86 | -5.71% | ||
| S3 | 6.78 | -6.81% |
EKTAY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 26, 2024 | Feb 26, 2024 | Mar 18, 2024 | $0.115 | 1.53% |
| 2 | Jul 26, 2023 | Aug 25, 2023 | Sep 15, 2023 | $0.117 | 1.76% |
| 3 | May 19, 2023 | Feb 24, 2023 | Mar 17, 2023 | $0.118 | 1.59% |
| 4 | Aug 23, 2022 | Aug 26, 2022 | Sep 16, 2022 | $0.118 | 2.19% |
| 5 | Feb 18, 2022 | Feb 25, 2022 | Mar 18, 2022 | $0.117 | 1.44% |
FAQ
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