Formpipe Software AB (publ) Stock Forecast
Green day on Wednesday for Formpipe Software AB (publ)
(Updated on May 15, 2024)
The Formpipe Software AB (publ) stock price gained 4.81% on the last trading day (Wednesday, 15th May 2024), rising from kr27.00 to kr28.30. During the last trading day the stock fluctuated 7.06% from a day low at kr26.90 to a day high of kr28.80. The price has fallen in 6 of the last 10 days and is down by -1.05% for this period. Volume fell on the last day by -2 million shares and in total, 24 thousand shares were bought and sold for approximately kr677.84 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 falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.68% during the next 3 months and, with a 90% probability hold a price between kr25.09 and kr27.84 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FPIP.ST Signals & Forecast
There are mixed signals in the stock today. The Formpipe Software AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr28.52. On a fall, the stock will find some support from the short-term average at kr27.24. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, May 10, 2024, and so far it has risen 7.20%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for Formpipe Software AB (publ) stock
Formpipe Software AB (publ) finds support from accumulated volume at kr27.30 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr1.90 between high and low, or 7.06%. For the last week the stock has had daily average volatility of 5.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FPIP.ST) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Formpipe Software AB (publ) to open at kr28.00, and during the day (based on 14 day Average True Range), to move between kr27.01 and kr29.59, which gives a possible trading interval of +/-kr1.29 (+/-4.57%) 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 9.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr28.50 (0.71%) than the support at kr27.30 (3.53%), 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 Formpipe Software AB (publ) stock A Buy?
Formpipe Software AB (publ) 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.
Current score: -1.780 Sell Candidate Unchanged
Predicted Opening Price for Formpipe Software AB (publ) of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| kr28.00 ( 1.06%) | kr28.30 |
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 | 29.90 | 5.65 % | |
| R2 | 29.17 | 3.09 % | ||
| R1 | 28.73 | 1.50 % | ||
| Current price: | 28.30 | |||
| Support | S1 | 27.27 | -3.62 % | |
| S2 | 26.83 | -5.21 % | ||
| S3 | 26.10 | -7.77 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.50 | 4.24 % | |
| R2 | 28.60 | 1.06 % | ||
| R1 | 28.50 | 0.707 % | ||
| Current price | 28.30 | |||
| Support | S1 | 27.30 | -3.53% | |
| S2 | 27.00 | -4.59% | ||
| S3 | 26.70 | -5.65% |
FPIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2024 | Nov 06, 2024 | Nov 12, 2024 | kr0.250 | 0.88% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr0.250 | 0.91% |
| 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
Click here for our free guide on how to buy Formpipe Software AB (publ) Stock.
