FLSmidth & Co. A/S Stock Forecast
FLSmidth & Co. A/S stock upgraded to Strong Buy Candidate.
(Updated on May 08, 2024)
The FLSmidth & Co. A/S stock price gained 0.553% on the last trading day (Wednesday, 8th May 2024), rising from kr361.40 to kr363.40. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.16% from a day low at kr361.40 to a day high of kr365.60. The price has risen in 7 of the last 10 days and is up by 3.71% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 73 thousand shares were bought and sold for approximately kr26.57 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 21.14% during the next 3 months and, with a 90% probability hold a price between kr421.84 and kr482.35 at the end of this 3-month period.
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FLS.CO Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -3.09%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The FLSmidth & Co. 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 kr354.51 and kr353.14. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for FLSmidth & Co. A/S stock
FLSmidth & Co. A/S finds support from accumulated volume at kr347.40 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 kr4.20 (1.16%) between high and low. For the last week, the stock has had daily average volatility of 1.73%.
Our recommended stop-loss: kr351.12 (-3.38%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 20 days ago.)
Trading Expectations (FLS.CO) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect FLSmidth & Co. A/S to open at kr363.47, and during the day (based on 14 day Average True Range), to move between kr356.09 and kr370.71, which gives a possible trading interval of +/-kr7.31 (+/-2.01%) up or down from last closing price. If FLSmidth & Co. A/S takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr365.00 (0.44%) than the support at kr347.40 (4.40%), 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.
Earnings coming up
FLSmidth & Co. A/S will release earnings BMO on Wednesday, May 15, 2024.The consensus among the analysts for the expected earnings (EPS) is $3.32. We will update the financials statements for FLSmidth & Co. A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 8.14% in the first trading day after earnings release.
Is FLSmidth & Co. A/S stock A Buy?
FLSmidth & Co. A/S holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.192 Strong Buy Candidate Upgraded
Predicted Opening Price for FLSmidth & Co. A/S of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr363.47 ( 0.0183%) | kr363.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLS.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 367.67 | 1.17 % | |
| R2 | 366.06 | 0.733 % | ||
| R1 | 365.07 | 0.460 % | ||
| Current price: | 363.40 | |||
| Support | S1 | 361.86 | -0.423 % | |
| S2 | 360.87 | -0.696 % | ||
| S3 | 359.27 | -1.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 375.00 | 3.19 % | ||
| R1 | 365.00 | 0.440 % | ||
| Current price | 363.40 | |||
| Support | S1 | 347.40 | -4.40% | |
| S2 | 328.40 | -9.63% | ||
| S3 | 308.20 | -15.19% |
FLS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 15, 2024 | kr4.00 | 1.11% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr3.00 | 1.15% |
| 3 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | kr3.00 | 1.69% |
| 4 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | kr2.00 | 0.87% |
| 5 | Mar 26, 2020 | Mar 26, 2020 | Mar 26, 2020 | kr8.00 | 5.51% |
FAQ
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