Eolus Vind AB (publ) Stock Forecast
Stronger technical forecast for Eolus Vind AB (publ) stock price after Friday trading.
(Updated on May 03, 2024)
The Eolus Vind AB (publ) stock price gained 0.98% on the last trading day (Friday, 3rd May 2024), rising from kr71.70 to kr72.40. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.12% from a day low at kr71.70 to a day high of kr72.50. The price has risen in 7 of the last 10 days and is up by 4.17% over the past 2 weeks. Volume fell on the last day by -33 thousand shares and in total, 16 thousand shares were bought and sold for approximately kr1.17 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 the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr73.62 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -9.50% during the next 3 months and, with a 90% probability hold a price between kr59.79 and kr66.63 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
The Eolus Vind AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr70.27 and kr70.75. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.55%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 also not.
Support, Risk & Stop-loss for Eolus Vind AB (publ) stock
Eolus Vind AB (publ) finds support from accumulated volume at kr71.70 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 kr0.800 between high and low, or 1.12%. For the last week the stock has had daily average volatility of 2.73%.
Our recommended stop-loss: kr69.95 (-3.38%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (EOLU-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Eolus Vind AB (publ) to open at kr72.20, and during the day (based on 14 day Average True Range), to move between kr70.58 and kr74.22, which gives a possible trading interval of +/-kr1.82 (+/-2.51%) 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 5.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr72.95 (0.76%) than the support at kr71.70 (0.97%), 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 Eolus Vind AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.448 Buy Candidate Upgraded
Predicted Opening Price for Eolus Vind AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr72.20 ( 0.276%) | kr72.40 |
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 | 73.00 | 0.83 % | |
| R2 | 72.69 | 0.407 % | ||
| R1 | 72.51 | 0.146 % | ||
| Current price: | 72.40 | |||
| Support | S1 | 71.89 | -0.698 % | |
| S2 | 71.71 | -0.96 % | ||
| S3 | 71.40 | -1.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 74.85 | 3.38 % | |
| R2 | 73.90 | 2.07 % | ||
| R1 | 72.95 | 0.760 % | ||
| Current price | 72.40 | |||
| Support | S1 | 71.70 | -0.97% | |
| S2 | 68.60 | -5.25% | ||
| S3 | 68.20 | -5.80% |
EOLU-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 23, 2024 | kr2.25 | 3.13% |
| 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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