Granges AB (publ) Stock Forecast
Granges AB (publ) stock price ended at kr137.90 on Tuesday, after losing 0%.
(Updated on Jul 02, 2024)
No changes to the price of Granges AB (publ) stock on the last trading day (Tuesday, 2nd Jul 2024). During the last trading day the stock fluctuated 2.90% from a day low at kr134.60 to a day high of kr138.50. The price has risen in 6 of the last 10 days and is up by 0.07% over the past 2 weeks.
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 18.90% during the next 3 months and, with a 90% probability hold a price between kr157.57 and kr176.88 at the end of this 3-month period.
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GRNG.ST Signals & Forecast
A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -5.81%. 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 price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Granges AB (publ) 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 kr138.91. On a fall, the stock will find some support from the long-term average at approximately kr137.88. 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.
Support, Risk & Stop-loss for Granges AB (publ) stock
Granges AB (publ) finds support from accumulated volume at kr137.10 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr3.90 (2.90%) between high and low. For the last week, the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: kr129.71 (-5.94%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (GRNG.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Granges AB (publ) to open at kr137.00, and during the day (based on 14 day Average True Range), to move between kr133.96 and kr141.84, which gives a possible trading interval of +/-kr3.94 (+/-2.86%) up or down from last closing price. If Granges AB (publ) takes out the full calculated possible swing range there will be an estimated 5.72% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr138.00 (0.07%) than the support at kr137.10 (0.58%), 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 Granges AB (publ) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 2.739 Buy Candidate Unchanged
Predicted Opening Price for Granges AB (publ) of Wednesday, July 3, 2024
Fair opening price July 3, 2024 | Current price |
---|---|
kr137.00 ( 0.653%) | kr137.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GRNG.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 140.90 | 2.18% |
R2 | 139.41 | 1.10% |
R1 | 138.49 | 0.428% |
Price | 137.90 | |
S1 | 135.51 | -1.73% |
S2 | 134.59 | -2.40% |
S3 | 133.10 | -3.48% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 139.00 | 0.798% |
R2 | 138.30 | 0.290% |
R1 | 138.00 | 0.0725% |
Price | 137.90 | |
S1 | 137.10 | -0.580% |
S2 | 136.60 | -0.94% |
S3 | 119.40 | -13.42% |
GRNG Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 11, 2024 | Nov 11, 2024 | Nov 15, 2024 | kr1.50 | 1.09% |
2 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr1.50 | 1.08% |
3 | Jun 15, 2023 | Jun 15, 2023 | Jun 15, 2023 | kr2.50 | 2.44% |
4 | May 05, 2022 | May 05, 2022 | May 05, 2022 | kr2.25 | 3.15% |
5 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr1.10 | 0.94% |
FAQ
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