Gyldendal A/S Stock Forecast

Gyldendal A/S stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on Jun 28, 2024)

GYLD-A.CO Signals & Forecast

The Gyldendal A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr1,380.00 and kr1,227.71. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". The very low volume increases the risk and reduces the other technical signals issued. 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 Thursday, June 27, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Gyldendal A/S stock

On the downside, the stock finds support just below today's level from accumulated volume at kr1,340.00 and kr1,320.00. 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, Gyldendal A/S finds support just below today's level at kr1,340.00. If this is broken, then the next support from accumulated volume will be at kr1,320.00 and kr1,200.00.

This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr0 between high and low, or 0%. For the last week, the stock has had daily average volatility of 0.85%.

The Gyldendal A/S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.

Our recommended stop-loss: kr1,429.98 (-3.38%) (This stock has high daily movements and this gives high risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 16 days ago.)

Trading Expectations (GYLD-A.CO) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Gyldendal A/S to open at kr1,480.00, and during the day (based on 14 day Average True Range), to move between kr1,437.90 and kr1,522.10, which gives a possible trading interval of +/-kr42.10 (+/-2.84%) up or down from last closing price. If Gyldendal A/S takes out the full calculated possible swing range there will be an estimated 5.69% move between the lowest and the highest trading price during the day.

With no resistance above and support from accumulated volume @ kr1,340.00, some kr140.00 (9.46%) from the current price of kr1,480.00, our system finds the risk reward attractive.

Is Gyldendal A/S stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Gyldendal A/S stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 2.277 Buy Candidate Upgraded

Predicted Opening Price for Gyldendal A/S of Monday, July 1, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.