Fingerprint Cards AB (publ) Stock Forecast
Volatile ride for Fingerprint Cards AB (publ) stock price on Monday moving between kr0.450 and kr0.510
(Updated on May 20, 2024)
The Fingerprint Cards AB (publ) stock price fell by -0.0425% on the last day (Monday, 20th May 2024) from kr0.470 to kr0.470. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 13.22% from a day low at kr0.450 to a day high of kr0.510. The price has fallen in 6 of the last 10 days but is still up by 0.73% over the past 2 weeks. Volume has increased on the last day by 11 million 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, 15 million shares were bought and sold for approximately kr7.07 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr0.417 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -40.63% during the next 3 months and, with a 90% probability hold a price between kr0.247 and kr0.492 at the end of this 3-month period.
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FING-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 1.12%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fingerprint Cards AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr0.476 and kr0.770. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Fingerprint Cards AB (publ) stock
Fingerprint Cards AB (publ) finds support from accumulated volume at kr0.467 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.0595 between high and low, or 13.22%. For the last week, the stock has had daily average volatility of 6.73%.
Fingerprint Cards AB (publ) is oversold on RSI14 (18). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FING-B.ST) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Fingerprint Cards AB (publ) to open at kr0.477, and during the day (based on 14 day Average True Range), to move between kr0.415 and kr0.525, which gives a possible trading interval of +/-kr0.0554 (+/-11.79%) up or down from last closing price. If Fingerprint Cards AB (publ) takes out the full calculated possible swing range there will be an estimated 23.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr0.472 (0.47%) than the support at kr0.467 (0.72%), 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 Fingerprint Cards AB (publ) stock A Buy?
Fingerprint Cards AB (publ) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -4.838 Sell Candidate Unchanged
Predicted Opening Price for Fingerprint Cards AB (publ) of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr0.477 ( 1.38%) | kr0.470 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FING-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.536 | 14.04 % | |
| R2 | 0.513 | 9.21 % | ||
| R1 | 0.499 | 6.22 % | ||
| Current price: | 0.470 | |||
| Support | S1 | 0.454 | -3.45 % | |
| S2 | 0.440 | -6.44 % | ||
| S3 | 0.417 | -11.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.567 | 20.64 % | |
| R2 | 0.565 | 20.11 % | ||
| R1 | 0.472 | 0.468 % | ||
| Current price | 0.470 | |||
| Support | S1 | 0.467 | -0.723% | |
| S2 | 0.465 | -1.11% | ||
| S3 | 0 | . |
FING-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2017 | Apr 21, 2017 | Apr 21, 2017 | kr1.86 | 5.16% |
FAQ
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