Essity AB (publ) Stock Forecast
Red day on Tuesday for Essity AB (publ) stock after losing 0.360%
(Updated on Jun 25, 2024)
The Essity AB (publ) stock price fell by -0.360% on the last day (Tuesday, 25th Jun 2024) from kr278.00 to kr277.00. During the last trading day the stock fluctuated 1.08% from a day low at kr276.50 to a day high of kr279.50. The price has been going up and down for this period, and there has been a -0.18% loss for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 3 thousand shares were bought and sold for approximately kr965.35 thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.66% during the next 3 months and, with a 90% probability hold a price between kr300.02 and kr318.34 at the end of this 3-month period.
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ESSITY-A.ST Signals & Forecast
The Essity 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 kr276.29 and kr276.90. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Friday, June 07, 2024, and so far it has fallen -1.95%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Essity AB (publ) stock
Essity AB (publ) finds support from accumulated volume at kr274.50 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 very controlled movements and therefore the general risk is considered very 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 kr3.00 between high and low, or 1.08%. For the last week the stock has had daily average volatility of 1.24%
Our recommended stop-loss: kr265.71 (-4.08%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (ESSITY-A.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Essity AB (publ) to open at kr277.67, and during the day (based on 14 day Average True Range), to move between kr272.69 and kr281.31, which gives a possible trading interval of +/-kr4.31 (+/-1.56%) up or down from last closing price. If Essity AB (publ) takes out the full calculated possible swing range there will be an estimated 3.11% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr278.00 (0.36%) than the support at kr274.50 (0.90%), 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 Essity AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Essity AB (publ) stock to perform well in the short-term.
Current score: 1.447 Buy Candidate Unchanged
Predicted Opening Price for Essity AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr277.67 ( 0.241%) | kr277.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESSITY-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 280.67 | 1.32% |
| R2 | 279.52 | 0.91% |
| R1 | 278.81 | 0.654% |
| Price | 277.00 | |
| S1 | 276.52 | -0.173% |
| S2 | 275.81 | -0.429% |
| S3 | 274.67 | -0.84% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 280.00 | 1.08% |
| R2 | 279.00 | 0.722% |
| R1 | 278.00 | 0.361% |
| Price | 277.00 | |
| S1 | 274.50 | -0.90% |
| S2 | 262.50 | -5.23% |
| S3 | 261.00 | -5.78% |
ESSITY-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 28, 2024 | kr7.75 | 3.04% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr7.25 | 2.46% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr7.00 | 3.23% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr6.75 | 2.50% |
| 5 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | kr6.25 | 2.30% |
FAQ
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