Ework Group AB (publ) Stock Forecast
Ework Group AB (publ) stock price down 1.16% on Wednesday
(Updated on May 08, 2024)
The Ework Group AB (publ) stock price fell by -1.16% on the last day (Wednesday, 8th May 2024) from kr137.60 to kr136.00. During the last trading day the stock fluctuated 1.47% from a day low at kr136.00 to a day high of kr138.00. The price has risen in 6 of the last 10 days but is still down by -0.87% for this period. 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 -755 shares and in total, 4 thousand shares were bought and sold for approximately kr526.05 thousand.
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 -6.59% during the next 3 months and, with a 90% probability hold a price between kr120.56 and kr134.50 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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EWRK.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.19%. 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 Ework Group AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr139.03 and kr138.62. A break-up above any of these levels will issue buy signals. 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.
A buy signal from a double bottom formation was found on Friday, May 03, 2024 and based on theory for this formation the price should go up by 10.85% to kr150.75 within 32 trading days since signal was issued (Friday, May 10, 2024).
Support, Risk & Stop-loss for Ework Group AB (publ) stock
Ework Group AB (publ) finds support from accumulated volume at kr135.00 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 kr2.00 between high and low, or 1.47%. For the last week the stock has had daily average volatility of 3.71%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EWRK.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Ework Group AB (publ) to open at kr136.67, and during the day (based on 14 day Average True Range), to move between kr131.64 and kr140.36, which gives a possible trading interval of +/-kr4.36 (+/-3.21%) up or down from last closing price. If Ework Group AB (publ) takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr135.00 (0.74%) than the resistance at kr139.40 (2.50%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ework Group AB (publ) stock A Buy?
Ework Group 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: -1.485 Sell Candidate Unchanged
Predicted Opening Price for Ework Group AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr136.67 ( 0.490%) | kr136.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EWRK.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 138.67 | 1.96 % | |
| R2 | 137.90 | 1.40 % | ||
| R1 | 137.43 | 1.05 % | ||
| Current price: | 136.00 | |||
| Support | S1 | 135.90 | -0.0716 % | |
| S2 | 135.43 | -0.419 % | ||
| S3 | 134.67 | -0.98 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 143.60 | 5.59 % | |
| R2 | 141.80 | 4.26 % | ||
| R1 | 139.40 | 2.50 % | ||
| Current price | 136.00 | |||
| Support | S1 | 135.00 | -0.735% | |
| S2 | 134.80 | -0.88% | ||
| S3 | 134.40 | -1.18% |
EWRK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 10, 2024 | kr7.00 | 5.15% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr6.50 | 4.21% |
| 3 | May 03, 2022 | May 03, 2022 | May 03, 2022 | kr5.00 | 4.09% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr4.50 | 4.69% |
| 5 | Jan 28, 2021 | Jan 28, 2021 | Jan 28, 2021 | kr2.00 | 2.17% |
FAQ
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