Flügger group A/S Stock Forecast
Stronger technical forecast for Flügger group A/S stock price after Friday trading.
(Updated on May 17, 2024)
The Flügger group A/S stock price gained 0.556% on the last trading day (Friday, 17th May 2024), rising from kr360.00 to kr362.00. During the last trading day the stock fluctuated 1.11% from a day low at kr360.00 to a day high of kr364.00. The price has risen in 6 of the last 10 days and is up by 9.7% 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, 822 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately kr440.55 thousand.
Given the current short-term trend, the stock is expected to fall -4.02% during the next 3 months and, with a 90% probability hold a price between kr300.23 and kr347.45 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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FLUG-B.CO Signals & Forecast
Mostly positive signals in the chart today. The Flügger group 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 kr351.43 and kr334.74. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, April 05, 2024, and so far it has risen 13.13%. 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). Flügger group 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. Higher liquidity also reduces the general risk.
Support, Risk & Stop-loss for Flügger group A/S stock
Flügger group A/S finds support from accumulated volume at kr348.00 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 kr4.00 between high and low, or 1.11%. For the last week, the stock has had daily average volatility of 2.54%.
The Flügger group A/S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr350.34 (-3.22%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a buy signal from a pivot bottom found 75 days ago.)
Trading Expectations (FLUG-B.CO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Flügger group A/S to open at kr362.00, and during the day (based on 14 day Average True Range), to move between kr355.57 and kr368.43, which gives a possible trading interval of +/-kr6.43 (+/-1.77%) up or down from last closing price. If Flügger group A/S takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr364.00 (0.55%) than the support at kr348.00 (3.87%), 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 Flügger group A/S stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.884 Buy Candidate Upgraded
Predicted Opening Price for Flügger group A/S of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr362.00 ( 0%) | kr362.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FLUG-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 366.00 | 1.10 % | |
| R2 | 364.47 | 0.683 % | ||
| R1 | 363.53 | 0.422 % | ||
| Current price: | 362.00 | |||
| Support | S1 | 360.47 | -0.422 % | |
| S2 | 359.53 | -0.683 % | ||
| S3 | 358.00 | -1.10 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 364.00 | 0.552 % | ||
| Current price | 362.00 | |||
| Support | S1 | 348.00 | -3.87% | |
| S2 | 346.00 | -4.42% | ||
| S3 | 330.00 | -8.84% |
FLUG-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 14, 2020 | Aug 14, 2020 | Aug 14, 2020 | kr10.00 | 2.66% |
| 2 | Aug 09, 2019 | Aug 09, 2019 | Aug 09, 2019 | kr10.00 | 3.36% |
| 3 | Aug 07, 2019 | Aug 07, 2019 | Aug 07, 2019 | kr10.00 | 3.29% |
| 4 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | kr15.00 | 4.08% |
| 5 | Aug 17, 2017 | Aug 17, 2017 | Aug 17, 2017 | kr15.00 | 4.01% |
FAQ
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