Havsfrun Investment AB (publ) Stock Forecast
Volatile ride for Havsfrun Investment AB (publ) stock price on Friday moving between kr11.65 and kr13.30
(Updated on May 17, 2024)
The Havsfrun Investment AB (publ) stock price fell by -4.98% on the last day (Friday, 17th May 2024) from kr13.05 to kr12.40. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 14.16% from a day low at kr11.65 to a day high of kr13.30. The price has fallen in 7 of the last 10 days and is down by -7.12% for this period. Volume has increased on the last day by 22 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 24 thousand shares were bought and sold for approximately kr302.98 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr12.02 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -8.40% during the next 3 months and, with a 90% probability hold a price between kr11.01 and kr14.27 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
HAV-B.ST Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Havsfrun Investment 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 kr13.00 and kr14.11. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -23.22%. Further fall is indicated until a new bottom pivot has been found. Havsfrun Investment AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Havsfrun Investment AB (publ) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 kr1.65 (14.16%) between high and low. For the last week, the stock has had daily average volatility of 5.52%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (HAV-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Havsfrun Investment AB (publ) to open at kr12.45, and during the day (based on 14 day Average True Range), to move between kr11.83 and kr12.97, which gives a possible trading interval of +/-kr0.567 (+/-4.57%) up or down from last closing price. If Havsfrun Investment AB (publ) takes out the full calculated possible swing range there will be an estimated 9.15% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr13.05, some kr0.650 (5.24%) from the current price of kr12.40, our system finds the risk reward not very attractive.
Is Havsfrun Investment AB (publ) stock A Buy?
Havsfrun Investment AB (publ) holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.069 Sell Candidate Downgraded
Predicted Opening Price for Havsfrun Investment AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr12.45 ( 0.403%) | kr12.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HAV-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 14.10 | 13.71 % | |
| R2 | 13.47 | 8.63 % | ||
| R1 | 13.08 | 5.49 % | ||
| Current price: | 12.40 | |||
| Support | S1 | 11.82 | -4.68 % | |
| S2 | 11.43 | -7.82 % | ||
| S3 | 10.80 | -12.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 15.15 | 22.18 % | |
| R2 | 13.10 | 5.65 % | ||
| R1 | 13.05 | 5.24 % | ||
| Current price | 12.40 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
HAV-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 23, 2024 | Apr 23, 2024 | Apr 23, 2024 | kr0 | 0% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 18, 2024 | kr1.00 | 7.66% |
| 3 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr1.00 | 5.81% |
| 4 | Apr 22, 2021 | Apr 22, 2021 | Apr 22, 2021 | kr1.50 | 5.13% |
| 5 | Jun 18, 2020 | Jun 18, 2020 | Jun 18, 2020 | kr1.50 | 8.29% |
FAQ
Click here for our free guide on how to buy Havsfrun Investment AB (publ) Stock.
