Husqvarna AB Stock Forecast
Husqvarna AB stock upgraded to Buy Candidate.
(Updated on Jun 24, 2024)
The Husqvarna AB stock price gained 1.92% on the last trading day (Monday, 24th Jun 2024), rising from kr88.40 to kr90.10. During the last trading day the stock fluctuated 2.62% from a day low at kr87.80 to a day high of kr90.10. The price has risen in 6 of the last 10 days and is up by 5.75% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 5 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately kr699.72 thousand.
The stock lies in the middle of a wide and weak 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 2.43% during the next 3 months and, with a 90% probability hold a price between kr83.32 and kr95.43 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.
HUSQ-A.ST Signals & Forecast
The Husqvarna AB 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 kr88.71 and kr88.19. 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). Husqvarna AB has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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 Wednesday, June 12, 2024, and so far it has fallen -0.99%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Husqvarna AB stock
Husqvarna AB finds support from accumulated volume at kr86.80 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 kr2.30 (2.62%) between high and low. For the last week, the stock has had daily average volatility of 1.60%.
Our recommended stop-loss: kr86.50 (-4.00%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 11 days ago.)
Trading Expectations (HUSQ-A.ST) For The Upcoming Trading Day Of Tuesday 25th
For the upcoming trading day on Tuesday, 25th we expect Husqvarna AB to open at kr89.33, and during the day (based on 14 day Average True Range), to move between kr87.89 and kr92.31, which gives a possible trading interval of +/-kr2.21 (+/-2.46%) up or down from last closing price. If Husqvarna AB takes out the full calculated possible swing range there will be an estimated 4.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr90.50 (0.44%) than the support at kr86.80 (3.66%), 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 Husqvarna AB 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 Husqvarna AB 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: 3.931 Buy Candidate Upgraded
Predicted Opening Price for Husqvarna AB of Tuesday, June 25, 2024
| Fair opening price June 25, 2024 | Current price |
|---|---|
| kr89.33 ( 0.85%) | kr90.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUSQ-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.63 | 1.70% |
| R2 | 90.75 | 0.727% |
| R1 | 90.21 | 0.124% |
| Price | 90.10 | |
| S1 | 88.45 | -1.83% |
| S2 | 87.91 | -2.43% |
| S3 | 87.03 | -3.40% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 91.60 | 1.66% |
| R2 | 90.90 | 0.89% |
| R1 | 90.50 | 0.444% |
| Price | 90.10 | |
| S1 | 86.80 | -3.66% |
| S2 | 85.20 | -5.44% |
| S3 | 83.00 | -7.88% |
HUSQ-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 21, 2024 | Oct 21, 2024 | Oct 21, 2024 | kr0 | 0% |
| 2 | Apr 19, 2024 | Apr 19, 2024 | Apr 25, 2024 | kr1.00 | 1.20% |
| 3 | Oct 05, 2023 | Oct 05, 2023 | Oct 11, 2023 | kr2.00 | 2.43% |
| 4 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | kr1.00 | 1.17% |
| 5 | Oct 10, 2022 | Oct 10, 2022 | Oct 10, 2022 | kr2.00 | 3.31% |
FAQ
Click here for our free guide on how to buy Husqvarna AB Stock.
