Eolus Vind AB (publ) Stock Forecast
Red day on Wednesday for Eolus Vind AB (publ) stock after losing 1.86%
(Updated on Apr 24, 2024)
The Eolus Vind AB (publ) stock price fell by -1.86% on the last day (Wednesday, 24th Apr 2024) from kr70.00 to kr68.70. During the last trading day the stock fluctuated 3.20% from a day low at kr68.70 to a day high of kr70.90. The price has been going up and down for this period, and there has been a -4.18% loss for the last 2 weeks. Volume has increased on the last day by 61 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, 75 thousand shares were bought and sold for approximately kr5.17 million.
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 -15.10% during the next 3 months and, with a 90% probability hold a price between kr52.27 and kr62.24 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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EOLU-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, March 14, 2024, and so far it has risen 2.16%. 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. The Eolus Vind 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 kr69.09 and kr70.62. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Eolus Vind AB (publ) stock
Eolus Vind AB (publ) finds support from accumulated volume at kr68.60 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 kr2.20 between high and low, or 3.20%. For the last week, the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EOLU-B.ST) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Eolus Vind AB (publ) to open at kr69.43, and during the day (based on 14 day Average True Range), to move between kr66.93 and kr70.47, which gives a possible trading interval of +/-kr1.77 (+/-2.58%) up or down from last closing price. If Eolus Vind AB (publ) takes out the full calculated possible swing range there will be an estimated 5.17% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr68.60 (0.15%) than the resistance at kr71.70 (4.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Eolus Vind AB (publ) stock A Buy?
Eolus Vind AB (publ) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -2.344 Sell Candidate Unchanged
Predicted Opening Price for Eolus Vind AB (publ) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| kr69.43 ( 1.07%) | kr68.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EOLU-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 71.63 | 4.27 % | |
| R2 | 70.79 | 3.05 % | ||
| R1 | 70.27 | 2.29 % | ||
| Current price: | 68.70 | |||
| Support | S1 | 68.59 | -0.156 % | |
| S2 | 68.07 | -0.91 % | ||
| S3 | 67.23 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.85 | 8.95 % | |
| R2 | 72.95 | 6.19 % | ||
| R1 | 71.70 | 4.37 % | ||
| Current price | 68.70 | |||
| Support | S1 | 68.60 | -0.146% | |
| S2 | 68.30 | -0.582% | ||
| S3 | 68.20 | -0.728% |
EOLU-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 23, 2024 | kr2.25 | 3.27% |
| 2 | May 15, 2023 | May 15, 2023 | May 15, 2023 | kr1.50 | 1.83% |
| 3 | May 20, 2022 | May 20, 2022 | May 20, 2022 | kr1.50 | 1.69% |
| 4 | May 20, 2021 | May 20, 2021 | May 20, 2021 | kr2.00 | 0.99% |
| 5 | Jan 27, 2020 | Jan 27, 2020 | Jan 27, 2020 | kr1.50 | 1.10% |
FAQ
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