Eniro AB (publ) Stock Forecast
Green day on Thursday for Eniro AB (publ) stock after gaining 3.25%
(Updated on Jun 27, 2024)
The Eniro AB (publ) stock price gained 3.25% on the last trading day (Thursday, 27th Jun 2024), rising from kr0.492 to kr0.508. During the last trading day the stock fluctuated 3.67% from a day low at kr0.490 to a day high of kr0.508. The price has been going up and down for this period, and there has been a -1.55% loss for the last 2 weeks. Volume fell on the last day by -145 thousand shares and in total, 157 thousand shares were bought and sold for approximately kr79.98 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 -13.93% during the next 3 months and, with a 90% probability hold a price between kr0.387 and kr0.461 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.
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ENRO.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 3.25%. 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 Eniro 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 kr0.526. On a fall, the stock will find some support from the short-term average at kr0.503. 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 Eniro AB (publ) stock
Eniro AB (publ) finds support from accumulated volume at kr0.500 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr0.0180 between high and low, or 3.67%. For the last week the stock has had daily average volatility of 2.93%.
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 Friday 28th
For the upcoming trading day on Friday, 28th we expect Eniro AB (publ) to open at kr0.502, and during the day (based on 14 day Average True Range), to move between kr0.489 and kr0.527, which gives a possible trading interval of +/-kr0.0191 (+/-3.76%) up or down from last closing price. If Eniro AB (publ) takes out the full calculated possible swing range there will be an estimated 7.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.500 (1.57%) than the resistance at kr0.554 (9.06%), 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: -1.269 Sell Candidate Unchanged
Predicted Opening Price for Eniro AB (publ) of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| kr0.502 ( 1.18%) | kr0.508 |
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 | 0.520 | 2.36% |
| R2 | 0.513 | 1.01% |
| R1 | 0.509 | 0.172% |
| Price | 0.508 | |
| S1 | 0.495 | -2.53% |
| S2 | 0.491 | -3.37% |
| S3 | 0.484 | -4.72% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0.560 | 10.24% |
| R2 | 0.558 | 9.84% |
| R1 | 0.554 | 9.06% |
| Price | 0.508 | |
| S1 | 0.500 | -1.57% |
| S2 | 0.499 | -1.77% |
| S3 | 0.495 | -2.56% |
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
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