Fenix Outdoor International AG Stock Forecast
Evaluation of Fenix Outdoor International AG stock downgraded after the last trading session.
(Updated on Apr 18, 2024)
The Fenix Outdoor International AG stock price gained 0.583% on the last trading day (Thursday, 18th Apr 2024), rising from kr686.00 to kr690.00. During the last trading day the stock fluctuated 2.19% from a day low at kr684.00 to a day high of kr699.00. The price has fallen in 6 of the last 10 days and is down by -0.29% for this period. Volume fell on the last day by -418 shares and in total, 807 shares were bought and sold for approximately kr556.83 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 the upper part of a wide and falling 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 kr707.68 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -7.42% during the next 3 months and, with a 90% probability hold a price between kr558.51 and kr655.15 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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FOI-B.ST Signals & Forecast
The Fenix Outdoor International AG stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr699.29. On a fall, the stock will find some support from the long-term average at approximately kr663.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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, April 08, 2024, and so far it has fallen -3.50%. Further fall is indicated until a new bottom pivot has been found. 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 Fenix Outdoor International AG stock
On the downside, the stock finds support just below today's level from accumulated volume at kr647.00 and kr640.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Fenix Outdoor International AG finds support just below today's level at kr647.00. If this is broken, then the next support from accumulated volume will be at kr640.00 and kr636.00.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr15.00 between high and low, or 2.19%. For the last week the stock has had daily average volatility of 2.51%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FOI-B.ST) For The Upcoming Trading Day Of Friday 19th
For the upcoming trading day on Friday, 19th we expect Fenix Outdoor International AG to open at kr691.00, and during the day (based on 14 day Average True Range), to move between kr675.09 and kr704.91, which gives a possible trading interval of +/-kr14.91 (+/-2.16%) up or down from last closing price. If Fenix Outdoor International AG takes out the full calculated possible swing range there will be an estimated 4.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr699.00 (1.30%) than the support at kr647.00 (6.23%), 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 Fenix Outdoor International AG stock A Buy?
Fenix Outdoor International AG holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.396 Sell Candidate Downgraded
Predicted Opening Price for Fenix Outdoor International AG of Friday, April 19, 2024
| Fair opening price April 19, 2024 | Current price |
|---|---|
| kr691.00 ( 0.145%) | kr690.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOI-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 706.00 | 2.32 % | |
| R2 | 700.27 | 1.49 % | ||
| R1 | 696.73 | 0.98 % | ||
| Current price: | 690.00 | |||
| Support | S1 | 685.27 | -0.686 % | |
| S2 | 681.73 | -1.20 % | ||
| S3 | 676.00 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 715.00 | 3.62 % | |
| R2 | 700.00 | 1.45 % | ||
| R1 | 699.00 | 1.30 % | ||
| Current price | 690.00 | |||
| Support | S1 | 647.00 | -6.23% | |
| S2 | 640.00 | -7.25% | ||
| S3 | 636.00 | -7.83% |
FOI-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 10, 2024 | kr15.00 | 2.16% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | kr15.00 | 1.71% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr5.00 | 0.568% |
| 4 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | kr9.00 | 0.610% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr3.00 | 0.232% |
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