Husqvarna AB (publ) Stock Forecast
Husqvarna AB (publ) stock downgraded to Buy Candidate
(Updated on May 16, 2024)
The Husqvarna AB (publ) stock price fell by -1.50% on the last day (Thursday, 16th May 2024) from kr91.96 to kr90.58. During the last trading day the stock fluctuated 2.92% from a day low at kr90.32 to a day high of kr92.96. The price has risen in 6 of the last 10 days but is still down by -0.11% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -339 thousand shares and in total, 501 thousand shares were bought and sold for approximately kr45.35 million.
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 9.11% during the next 3 months and, with a 90% probability hold a price between kr89.80 and kr104.57 at the end of this 3-month period.
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HUSQ-B.ST Signals & Forecast
The Husqvarna AB (publ) 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 kr89.45 and kr86.88. 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). 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, May 15, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Wednesday, May 15, 2024 and based on theory for this formation the price should fall by -24.93% to kr68.00 within 30 trading days since signal was issued (Friday, May 17, 2024).
Support, Risk & Stop-loss for Husqvarna AB (publ) stock
Husqvarna AB (publ) finds support from accumulated volume at kr90.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr2.64 between high and low, or 2.92%. For the last week, the stock has had daily average volatility of 3.44%.
Our recommended stop-loss: kr86.73 (-4.25%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (HUSQ-B.ST) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Husqvarna AB (publ) to open at kr91.29, and during the day (based on 14 day Average True Range), to move between kr87.71 and kr93.45, which gives a possible trading interval of +/-kr2.87 (+/-3.17%) up or down from last closing price. If Husqvarna AB (publ) takes out the full calculated possible swing range there will be an estimated 6.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr90.20 (0.42%) than the resistance at kr91.14 (0.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Husqvarna AB (publ) 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 (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 3.743 Buy Candidate Downgraded
Predicted Opening Price for Husqvarna AB (publ) of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| kr91.29 ( 0.780%) | kr90.58 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for HUSQ-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 93.93 | 3.69 % | |
| R2 | 92.92 | 2.58 % | ||
| R1 | 92.30 | 1.89 % | ||
| Current price: | 90.58 | |||
| Support | S1 | 90.28 | -0.333 % | |
| S2 | 89.66 | -1.02 % | ||
| S3 | 88.65 | -2.13 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 91.96 | 1.52 % | |
| R2 | 91.64 | 1.17 % | ||
| R1 | 91.14 | 0.618 % | ||
| Current price | 90.58 | |||
| Support | S1 | 90.20 | -0.420% | |
| S2 | 84.00 | -7.26% | ||
| S3 | 83.36 | -7.97% |
HUSQ-B 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 | 1.19% |
| 3 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | kr1.00 | 1.17% |
| 4 | Oct 10, 2022 | Oct 10, 2022 | Oct 10, 2022 | kr2.00 | 3.30% |
| 5 | Apr 08, 2022 | Apr 08, 2022 | Apr 08, 2022 | kr1.00 | 1.07% |
FAQ
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