Eniro AB (publ) Stock Forecast
Eniro AB (publ) stock price ended at kr0.500 on Thursday, after losing 0%.
(Updated on Jun 20, 2024)
No changes to the price of Eniro AB (publ) stock on the last trading day (Thursday, 20th Jun 2024). During the last trading day the stock fluctuated 2.25% from a day low at kr0.489 to a day high of kr0.500. The price has fallen in 5 of the last 10 days and is down by -3.1% for this period.
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 -13.45% during the next 3 months and, with a 90% probability hold a price between kr0.411 and kr0.470 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ENRO.ST Signals & Forecast
There are mixed signals in the stock today. The Eniro AB (publ) 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 kr0.509 and kr0.534. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has risen 1.01%. 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).
Support, Risk & Stop-loss for Eniro AB (publ) stock
Eniro AB (publ) finds support from accumulated volume at kr0.499 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 kr0.0110 between high and low, or 2.25%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ENRO.ST) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Eniro AB (publ) to open at kr0.496, and during the day (based on 14 day Average True Range), to move between kr0.480 and kr0.520, which gives a possible trading interval of +/-kr0.0203 (+/-4.07%) up or down from last closing price. If Eniro AB (publ) takes out the full calculated possible swing range there will be an estimated 8.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.499 (0.20%) than the resistance at kr0.554 (10.80%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eniro AB (publ) stock A Buy?
Eniro 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: -2.172 Sell Candidate Unchanged
Predicted Opening Price for Eniro AB (publ) of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr0.496 ( 0.733%) | kr0.500 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ENRO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.507 | 1.47% |
| R2 | 0.503 | 0.626% |
| R1 | 0.501 | 0.107% |
| Price | 0.500 | |
| S1 | 0.492 | -1.57% |
| S2 | 0.490 | -2.09% |
| S3 | 0.485 | -2.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.560 | 12.00% |
| R2 | 0.558 | 11.60% |
| R1 | 0.554 | 10.80% |
| Price | 0.500 | |
| S1 | 0.499 | -0.200% |
| S2 | 0.495 | -1.00% |
| S3 | 0 | - |
ENRO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 30, 2024 | May 30, 2024 | Jun 05, 2024 | kr0.0100 | 1.94% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr0.0100 | 1.49% |
| 3 | Apr 26, 2013 | Apr 26, 2013 | Apr 26, 2013 | kr212.30 | 76.19% |
| 4 | May 08, 2008 | May 08, 2008 | May 08, 2008 | kr1,581.31 | 14.21% |
| 5 | Apr 02, 2007 | Apr 02, 2007 | Apr 02, 2007 | kr1,338.03 | 5.18% |
FAQ
Click here for our free guide on how to buy Eniro AB (publ) Stock.
