Garo Aktiebolag (publ) Stock Forecast
Garo Aktiebolag (publ) stock price ended at kr31.40 on Tuesday, after gaining 0.159%.
(Updated on Apr 30, 2024)
The Garo Aktiebolag (publ) stock price gained 0.159% on the last trading day (Tuesday, 30th Apr 2024), rising from kr31.35 to kr31.40. It has now gained 4 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 2.10% from a day low at kr31.00 to a day high of kr31.65. The price has risen in 5 of the last 10 days but is still down by -5.14% for this period. Volume fell on the last day by -17 thousand shares and in total, 14 thousand shares were bought and sold for approximately kr447.83 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 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 20.41% during the next 3 months and, with a 90% probability hold a price between kr36.07 and kr44.77 at the end of this 3-month period.
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GARO.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Garo Aktiebolag (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 kr32.00. On a fall, the stock will find some support from the short-term average at kr30.56. 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. A sell signal was issued from a pivot top point on Thursday, April 04, 2024, and so far it has fallen -11.17%. 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 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 Garo Aktiebolag (publ) stock
Garo Aktiebolag (publ) finds support from accumulated volume at kr31.10 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 kr0.650 between high and low, or 2.10%. For the last week the stock has had daily average volatility of 3.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (GARO.ST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Garo Aktiebolag (publ) to open at kr31.35, and during the day (based on 14 day Average True Range), to move between kr30.26 and kr32.54, which gives a possible trading interval of +/-kr1.14 (+/-3.64%) up or down from last closing price. If Garo Aktiebolag (publ) takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr31.10 (0.96%) than the resistance at kr33.04 (5.22%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Garo Aktiebolag (publ) will release earnings BMO on Thursday, May 09, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.280. We will update the financials statements for Garo Aktiebolag (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 10.84% in the first trading day after earnings release.
Is Garo Aktiebolag (publ) stock A Buy?
The Garo Aktiebolag (publ) stock holds several negative signals and despite the positive trend, we believe Garo Aktiebolag (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.806 Sell Candidate Unchanged
Predicted Opening Price for Garo Aktiebolag (publ) of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr31.35 ( 0.159%) | kr31.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GARO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.00 | 1.91 % | |
| R2 | 31.75 | 1.12 % | ||
| R1 | 31.60 | 0.632 % | ||
| Current price: | 31.40 | |||
| Support | S1 | 31.10 | -0.95 % | |
| S2 | 30.95 | -1.44 % | ||
| S3 | 30.70 | -2.23 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.30 | 9.24 % | |
| R2 | 33.74 | 7.45 % | ||
| R1 | 33.04 | 5.22 % | ||
| Current price | 31.40 | |||
| Support | S1 | 31.10 | -0.96% | |
| S2 | 28.12 | -10.45% | ||
| S3 | 28.04 | -10.70% |
GARO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr0.400 | 0.541% |
| 2 | May 12, 2022 | May 12, 2022 | May 12, 2022 | kr1.40 | 1.11% |
| 3 | May 06, 2021 | May 06, 2021 | May 06, 2021 | kr0.95 | 0.745% |
| 4 | May 16, 2019 | May 16, 2019 | May 16, 2019 | kr0.80 | 1.61% |
| 5 | May 03, 2018 | May 03, 2018 | May 03, 2018 | kr0.80 | 1.96% |
FAQ
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