Formpipe Software AB (publ) Stock Forecast
Red day on Tuesday for Formpipe Software AB (publ) stock after losing 2.10%
(Updated on Apr 30, 2024)
The Formpipe Software AB (publ) stock price fell by -2.10% on the last day (Tuesday, 30th Apr 2024) from kr28.60 to kr28.00. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 5.40% from a day low at kr27.80 to a day high of kr29.30. The price has fallen in 6 of the last 10 days and is down by -3.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -53 thousand shares and in total, 3 thousand shares were bought and sold for approximately kr84.53 thousand.
The stock has broken the weak rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at kr28.48. A reaction back to this level may hold a second chance to get out before further falls.
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FPIP.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Formpipe Software AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr28.74 and kr28.81. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 19, 2024, and so far it has fallen -5.41%. 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). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Friday, April 19, 2024 and based on theory for this formation the price should fall by -2.93% to kr27.18 within 40 trading days since signal was issued (Thursday, May 02, 2024).
Support, Risk & Stop-loss for Formpipe Software AB (publ) stock
Formpipe Software AB (publ) finds support from accumulated volume at kr27.80 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 very controlled movements and therefore the general risk is considered very 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 kr1.50 between high and low, or 5.40%. For the last week the stock has had daily average volatility of 6.17%
Our recommended stop-loss: kr26.39 (-5.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (FPIP.ST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Formpipe Software AB (publ) to open at kr28.37, and during the day (based on 14 day Average True Range), to move between kr26.81 and kr29.19, which gives a possible trading interval of +/-kr1.19 (+/-4.25%) up or down from last closing price. If Formpipe Software AB (publ) takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr27.80 (0.71%) than the resistance at kr28.50 (1.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Formpipe Software AB (publ) stock A Buy?
Formpipe Software AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.945 Hold/Accumulate Unchanged
Predicted Opening Price for Formpipe Software AB (publ) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr28.37 ( 1.31%) | kr28.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPIP.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.87 | 6.67 % | |
| R2 | 29.29 | 4.62 % | ||
| R1 | 28.94 | 3.36 % | ||
| Current price: | 28.00 | |||
| Support | S1 | 27.79 | -0.737 % | |
| S2 | 27.44 | -2.00 % | ||
| S3 | 26.87 | -4.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.50 | 5.36 % | |
| R2 | 28.60 | 2.14 % | ||
| R1 | 28.50 | 1.79 % | ||
| Current price | 28.00 | |||
| Support | S1 | 27.80 | -0.714% | |
| S2 | 27.70 | -1.07% | ||
| S3 | 27.30 | -2.50% |
FPIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2024 | Nov 06, 2024 | Nov 12, 2024 | kr0.250 | 0.89% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr0.250 | 0.89% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr0.700 | 2.00% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr0.660 | 1.84% |
| 5 | Jul 01, 2020 | Jul 01, 2020 | Jul 01, 2020 | kr0.600 | 2.42% |
FAQ
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