Flügger group A/S Stock Forecast
Stronger technical forecast for Flügger group A/S stock price after Wednesday trading.
(Updated on Jul 03, 2024)
The Flügger group A/S stock price gained 2.86% on the last trading day (Wednesday, 3rd Jul 2024), rising from kr350.00 to kr360.00. It has now gained 3 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 8.09% from a day low at kr346.00 to a day high of kr374.00. The price has been going up and down for this period, and there has been a 3.45% gain for the last 2 weeks. Volume fell on the last day by -170 shares and in total, 925 shares were bought and sold for approximately kr333.00 thousand. 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 10.03% during the next 3 months and, with a 90% probability hold a price between kr371.56 and kr409.50 at the end of this 3-month period.
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FLUG-B.CO Signals & Forecast
The Flügger group A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr345.43 and kr354.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 7.14%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
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.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr28.00 between high and low, or 8.09%. For the last week the stock has had daily average volatility of 4.32%.
Our recommended stop-loss: kr341.44 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (FLUG-B.CO) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Flügger group A/S to open at kr360.00, and during the day (based on 14 day Average True Range), to move between kr351.35 and kr368.65, which gives a possible trading interval of +/-kr8.65 (+/-2.40%) 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 4.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr362.00 (0.56%) than the support at kr348.00 (3.33%), 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, 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 Flügger group A/S 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: 2.985 Buy Candidate Upgraded
Predicted Opening Price for Flügger group A/S of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| kr360.00 ( 0%) | kr360.00 |
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 | |
|---|---|---|
| R3 | 388.00 | 7.78% |
| R2 | 377.30 | 4.81% |
| R1 | 370.70 | 2.97% |
| Price | 360.00 | |
| S1 | 349.30 | -2.97% |
| S2 | 342.70 | -4.81% |
| S3 | 332.00 | -7.78% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 362.00 | 0.556% |
| Price | 360.00 | |
| S1 | 348.00 | -3.33% |
| S2 | 330.00 | -8.33% |
| S3 | 324.00 | -10.00% |
FLUG-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 17, 2023 | Aug 17, 2023 | Aug 21, 2023 | kr5.00 | 1.52% |
| 2 | Aug 14, 2020 | Aug 14, 2020 | Aug 14, 2020 | kr10.00 | 2.66% |
| 3 | Aug 09, 2019 | Aug 09, 2019 | Aug 09, 2019 | kr10.00 | 3.36% |
| 4 | Aug 07, 2019 | Aug 07, 2019 | Aug 07, 2019 | kr10.00 | 3.29% |
| 5 | Aug 10, 2018 | Aug 10, 2018 | Aug 10, 2018 | kr15.00 | 4.08% |
FAQ
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