FLSmidth & Co. A/S Stock Forecast
FLSmidth & Co. A/S stock price ended at kr394.40 on Friday, after gaining 1.28%.
(Updated on May 31, 2024)
The FLSmidth & Co. A/S stock price gained 1.28% on the last trading day (Friday, 31st May 2024), rising from kr389.40 to kr394.40. During the last trading day the stock fluctuated 1.53% from a day low at kr392.00 to a day high of kr398.00. The price has been going up and down for this period, and there has been a 0.61% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 165 thousand shares were bought and sold for approximately kr64.96 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr399.47 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 20.40% during the next 3 months and, with a 90% probability hold a price between kr445.19 and kr480.94 at the end of this 3-month period.
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FLS.CO Signals & Forecast
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 kr389.89 and kr368.36. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 27, 2024, and so far it has fallen -0.101%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for FLSmidth & Co. A/S stock
FLSmidth & Co. A/S finds support from accumulated volume at kr393.80 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 kr6.00 between high and low, or 1.53%. For the last week, the stock has had daily average volatility of 1.71%.
Our recommended stop-loss: kr380.41 (-3.55%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 23 days ago.)
Trading Expectations (FLS.CO) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect FLSmidth & Co. A/S to open at kr394.80, and during the day (based on 14 day Average True Range), to move between kr385.49 and kr403.31, which gives a possible trading interval of +/-kr8.91 (+/-2.26%) 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 4.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr394.80 (0.10%) than the support at kr393.80 (0.15%), 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 FLSmidth & Co. A/S stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for FLSmidth & Co. A/S stock to perform well in the short-term.
Current score: 3.461 Buy Candidate Unchanged
Predicted Opening Price for FLSmidth & Co. A/S of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr394.80 ( 0.101%) | kr394.40 |
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 | 400.80 | 1.62 % | |
| R2 | 398.51 | 1.04 % | ||
| R1 | 397.09 | 0.683 % | ||
| Current price: | 394.40 | |||
| Support | S1 | 392.51 | -0.480 % | |
| S2 | 391.09 | -0.84 % | ||
| S3 | 388.80 | -1.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 394.80 | 0.101 % | ||
| Current price | 394.40 | |||
| Support | S1 | 393.80 | -0.152% | |
| S2 | 365.00 | -7.45% | ||
| S3 | 347.40 | -11.92% |
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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