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AI Analysis of FABG.ST
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Fabege AB (publ) stock downgraded to Sell Candidate
(Updated on May 10, 2024)

Sell candidate since May 10, 2024 PDF

The Fabege AB (publ) stock price fell by -1.33% on the last day (Friday, 10th May 2024) from kr90.40 to kr89.20. During the last trading day the stock fluctuated 2.08% from a day low at kr89.00 to a day high of kr90.85. The price has risen in 7 of the last 10 days and is up by 4.51% over the past 2 weeks. Volume has increased on the last day by 49 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, 619 thousand shares were bought and sold for approximately kr55.22 million.

The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fabege AB (publ) stock with a 90% probability to be traded between kr80.14 and kr99.33 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.

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FABG.ST Signals & Forecast

There are mixed signals in the stock today. The Fabege 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 kr90.78. On a fall, the stock will find some support from the short-term average at kr88.26. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -1.71%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Fabege AB (publ) stock

Fabege AB (publ) finds support from accumulated volume at kr87.95 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 kr1.85 between high and low, or 2.08%. For the last week, the stock has had daily average volatility of 3.17%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (FABG.ST) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Fabege AB (publ) to open at kr89.68, and during the day (based on 14 day Average True Range), to move between kr86.46 and kr91.94, which gives a possible trading interval of +/-kr2.74 (+/-3.07%) up or down from last closing price. If Fabege AB (publ) takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr87.95 (1.40%) than the resistance at kr90.80 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Fabege AB (publ) stock A Buy?

Fabege 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.660 Sell Candidate Downgraded

Predicted Opening Price for Fabege AB (publ) of Monday, May 13, 2024

Fair opening price May 13, 2024 Current price
kr89.68 ( 0.542%) kr89.20

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for FABG.ST

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 91.53 2.62 %
R2 90.83 1.82 %
R1 90.39 1.33 %
Current price: 89.20
Support S1 88.98 -0.250 %
S2 88.54 -0.740 %
S3 87.83 -1.53 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 93.66 5.00 %
R2 91.92 3.05 %
R1 90.80 1.79 %
Current price 89.20
Support S1 87.95 -1.40%
S2 86.95 -2.52%
S3 80.80 -9.42%

FABG Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Jan 07, 2025 Jan 07, 2025 Jan 13, 2025 kr0.450 0.503%
2 Oct 03, 2024 Oct 03, 2024 Oct 09, 2024 kr0.450 0.503%
3 Jul 01, 2024 Jul 01, 2024 Jul 05, 2024 kr0.450 0.503%
4 Apr 10, 2024 Apr 10, 2024 Apr 16, 2024 kr0.450 0.524%
5 Jan 05, 2024 Jan 05, 2024 Jan 05, 2024 kr0 0%

FAQ

What is the symbol for Fabege AB (publ) Stock and on which exchange is it traded?
The symbol for Fabege AB (publ) is FABG.ST and it is traded on the OMX (Stockholm Stock Exchange).

Should I buy or sell Fabege AB (publ) Stock?
Fabege 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

How to buy Fabege AB (publ) Stock?
Fabege AB (publ) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Fabege AB (publ) Stock.

What's the current price of Fabege AB (publ) Stock?
As of the end of day on the May 10, 2024, the price of an Fabege AB (publ) (FABG.ST) share was kr89.20.

What is the 52-week high and low for Fabege AB (publ) Stock?
The 52-week high for Fabege AB (publ) Stock is kr113.70 and the 52-week low is kr74.22.

What is the market capitalization of Fabege AB (publ) Stock?
As of the May 10, 2024, the market capitalization of Fabege AB (publ) is 28.06B.

When is the next earnings date for Fabege AB (publ)?
The upcoming earnings date for Fabege AB (publ) is Jul 05, 2024.
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About Fabege AB (publ)

Fabege AB (publ) Fabege AB (publ), a property company, focuses primarily on the development, investment, and management of commercial premises in Sweden. Its property portfolio comprises office, retail, industrial/warehouse, residential, hotel, and garage properties. The company also engages in the acquisition and sale of properties. It owns 94 properties. The company was formerly known as Wihlborgs Fastigheter AB and changed its name to Fabege AB (publ) in Decem... FABG.ST Profile

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