Husqvarna AB Stock Forecast
Husqvarna AB stock price down 1.97% on Friday
(Updated on Jun 28, 2024)
The Husqvarna AB stock price fell by -1.97% on the last day (Friday, 28th Jun 2024) from kr86.20 to kr84.50. During the last trading day the stock fluctuated 4.38% from a day low at kr84.50 to a day high of kr88.20. The price has been going up and down for this period, and there has been a -5.16% loss for the last 2 weeks. Volume has increased on the last day by 552 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, 2 thousand shares were bought and sold for approximately kr136.81 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 3.16% during the next 3 months and, with a 90% probability hold a price between kr84.58 and kr96.57 at the end of this 3-month period.
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HUSQ-A.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 Husqvarna AB 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 kr86.87 and kr88.03. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -7.14%. Further fall is indicated until a new bottom pivot has been found. Husqvarna AB 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 Husqvarna AB stock
Husqvarna AB finds support from accumulated volume at kr83.30 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 kr3.70 (4.38%) between high and low. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: kr81.33 (-3.75%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (HUSQ-A.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Husqvarna AB to open at kr85.73, and during the day (based on 14 day Average True Range), to move between kr82.10 and kr86.90, which gives a possible trading interval of +/-kr2.40 (+/-2.84%) up or down from last closing price. If Husqvarna AB takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr85.20 (0.83%) than the support at kr83.30 (1.42%), 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?
Husqvarna AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.356 Hold/Accumulate Unchanged
Predicted Opening Price for Husqvarna AB of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr85.73 ( 1.46%) | kr84.50 |
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 | 89.43 | 5.84% |
| R2 | 88.02 | 4.17% |
| R1 | 87.15 | 3.13% |
| Price | 84.50 | |
| S1 | 84.32 | -0.213% |
| S2 | 83.45 | -1.25% |
| S3 | 82.03 | -2.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 90.50 | 7.10% |
| R2 | 86.80 | 2.72% |
| R1 | 85.20 | 0.83% |
| Price | 84.50 | |
| S1 | 83.30 | -1.42% |
| S2 | 83.10 | -1.66% |
| S3 | 83.00 | -1.78% |
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
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