Fabege AB (publ) Stock Forecast
Fabege AB (publ) stock price down 2.09% on Friday
(Updated on May 17, 2024)
The Fabege AB (publ) stock price fell by -2.09% on the last day (Friday, 17th May 2024) from kr93.35 to kr91.40. During the last trading day the stock fluctuated 1.81% from a day low at kr91.35 to a day high of kr93.00. The price has risen in 6 of the last 10 days and is up by 5.12% over the past 2 weeks. Volume has increased on the last day by 79 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, 463 thousand shares were bought and sold for approximately kr42.28 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 kr80.82 and kr100.38 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
The Fabege AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr91.41. On a fall, the stock will find some support from the long-term average at approximately kr90.14. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Wednesday, May 15, 2024, and so far it has fallen -2.77%. 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.
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 kr1.65 between high and low, or 1.81%. For the last week, the stock has had daily average volatility of 2.57%.
Our recommended stop-loss: kr88.26 (-3.44%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 78 and this increases the risk substantially. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (FABG.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fabege AB (publ) to open at kr91.92, and during the day (based on 14 day Average True Range), to move between kr88.74 and kr94.06, which gives a possible trading interval of +/-kr2.66 (+/-2.92%) up or down from last closing price. If Fabege AB (publ) takes out the full calculated possible swing range there will be an estimated 5.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr91.92 (0.57%) than the support at kr87.95 (3.77%), 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 Fabege AB (publ) stock A Buy?
Fabege AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.559 Hold/Accumulate Unchanged
Predicted Opening Price for Fabege AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr91.92 ( 0.565%) | kr91.40 |
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 | 93.57 | 2.37 % | |
| R2 | 92.94 | 1.68 % | ||
| R1 | 92.55 | 1.25 % | ||
| Current price: | 91.40 | |||
| Support | S1 | 91.29 | -0.124 % | |
| S2 | 90.90 | -0.550 % | ||
| S3 | 90.27 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.66 | 2.47 % | |
| R2 | 93.50 | 2.30 % | ||
| R1 | 91.92 | 0.569 % | ||
| Current price | 91.40 | |||
| Support | S1 | 87.95 | -3.77% | |
| S2 | 86.95 | -4.87% | ||
| S3 | 80.80 | -11.60% |
FABG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 07, 2025 | Jan 07, 2025 | Jan 13, 2025 | kr0.450 | 0.491% |
| 2 | Oct 03, 2024 | Oct 03, 2024 | Oct 09, 2024 | kr0.450 | 0.491% |
| 3 | Jul 01, 2024 | Jul 01, 2024 | Jul 05, 2024 | kr0.450 | 0.491% |
| 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% |
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