Indutrade AB (publ) Stock Forecast
Indutrade AB (publ) stock price ended at kr267.60 on Wednesday, after gaining 0.83%.
(Updated on May 08, 2024)
The Indutrade AB (publ) stock price gained 0.83% on the last trading day (Wednesday, 8th May 2024), rising from kr265.40 to kr267.60. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.89% from a day low at kr264.80 to a day high of kr269.80. The price has risen in 7 of the last 10 days but is still down by -6.3% for this period. Volume fell on the last day by -77 thousand shares and in total, 147 thousand shares were bought and sold for approximately kr39.22 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.60% during the next 3 months and, with a 90% probability hold a price between kr245.40 and kr283.92 at the end of this 3-month period.
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INDT.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 5.77%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Indutrade AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr278.45. On a fall, the stock will find some support from the short-term average at kr261.11. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Indutrade AB (publ) stock
Indutrade AB (publ) finds support from accumulated volume at kr257.00 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 kr5.00 between high and low, or 1.89%. For the last week, the stock has had daily average volatility of 2.07%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INDT.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Indutrade AB (publ) to open at kr267.40, and during the day (based on 14 day Average True Range), to move between kr260.13 and kr275.07, which gives a possible trading interval of +/-kr7.47 (+/-2.79%) up or down from last closing price. If Indutrade AB (publ) takes out the full calculated possible swing range there will be an estimated 5.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr257.00 (3.96%) than the resistance at kr279.00 (4.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Indutrade AB (publ) stock A Buy?
Indutrade AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.557 Sell Candidate Unchanged
Predicted Opening Price for Indutrade AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr267.40 ( 0.0747%) | kr267.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDT.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 272.40 | 1.79 % | |
| R2 | 270.49 | 1.08 % | ||
| R1 | 269.31 | 0.639 % | ||
| Current price: | 267.60 | |||
| Support | S1 | 265.49 | -0.788 % | |
| S2 | 264.31 | -1.23 % | ||
| S3 | 262.40 | -1.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 285.60 | 6.73 % | |
| R2 | 281.20 | 5.08 % | ||
| R1 | 279.00 | 4.26 % | ||
| Current price | 267.60 | |||
| Support | S1 | 257.00 | -3.96% | |
| S2 | 256.80 | -4.04% | ||
| S3 | 253.00 | -5.46% |
INDT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 10, 2024 | Apr 10, 2024 | Apr 10, 2024 | kr0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr2.60 | 1.19% |
| 3 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | kr2.30 | 0.95% |
| 4 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | kr1.80 | 0.83% |
| 5 | May 10, 2019 | May 10, 2019 | May 10, 2019 | kr1.50 | 1.64% |
FAQ
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