Fast Ejendom Danmark A/S Stock Forecast
Stronger technical forecast for Fast Ejendom Danmark A/S stock price after Friday trading.
(Updated on May 17, 2024)
The Fast Ejendom Danmark A/S stock price gained 3.64% on the last trading day (Friday, 17th May 2024), rising from kr110.00 to kr114.00. During the last trading day the stock fluctuated 0% from a day low at kr114.00 to a day high of kr114.00. The price has risen in 4 of the last 10 days and is up by 1.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 45 more shares were traded than the day before. In total, 75 shares were bought and sold for approximately kr8.55 thousand.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fast Ejendom Danmark A/S stock with a 90% probability to be traded between kr108.80 and kr118.53 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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FED.CO Signals & Forecast
Mostly positive signals in the chart today. The Fast Ejendom Danmark A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr112.43 and kr111.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 5.56%. 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). Fast Ejendom Danmark A/S has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Wednesday, May 15, 2024 with a target of kr113.09. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Fast Ejendom Danmark A/S stock
Fast Ejendom Danmark A/S finds support from accumulated volume at kr112.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0 (0%) between high and low. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: kr109.53 (-3.92%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (FED.CO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Fast Ejendom Danmark A/S to open at kr114.00, and during the day (based on 14 day Average True Range), to move between kr111.08 and kr116.92, which gives a possible trading interval of +/-kr2.92 (+/-2.56%) up or down from last closing price. If Fast Ejendom Danmark A/S takes out the full calculated possible swing range there will be an estimated 5.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr115.00 (0.88%) than the support at kr112.00 (1.75%), 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 Fast Ejendom Danmark A/S stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fast Ejendom Danmark A/S stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.320 Buy Candidate Upgraded
Predicted Opening Price for Fast Ejendom Danmark A/S of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr114.00 ( 0%) | kr114.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FED.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 114.00 | . | |
| R2 | 114.00 | . | ||
| R1 | 114.00 | . | ||
| Current price: | 114.00 | |||
| Support | S1 | 114.00 | . | |
| S2 | 114.00 | . | ||
| S3 | 114.00 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 116.00 | 1.75 % | ||
| R1 | 115.00 | 0.88 % | ||
| Current price | 114.00 | |||
| Support | S1 | 112.00 | -1.75% | |
| S2 | 110.00 | -3.51% | ||
| S3 | 108.00 | -5.26% |
FAQ
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