AB Industrivarden (publ) Fund Forecast

AB Industrivarden (publ) fund price down 0.114% on Friday
(Updated on May 03, 2024)

INDU-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 AB Industrivarden (publ) fund 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 kr352.80 and kr362.72. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, March 15, 2024, and so far it has fallen -6.18%. 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. The fund had a Golden Star Signal on Tuesday, October 10, 2023 in the long-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the fund in question.

Support, Risk & Stop-loss for AB Industrivarden (publ) fund

AB Industrivarden (publ) finds support from accumulated volume at kr341.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved kr4.00 between high and low, or 1.14%. For the last week the fund has had daily average volatility of 1.21%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (INDU-A.ST) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect AB Industrivarden (publ) to open at kr352.27, and during the day (based on 14 day Average True Range), to move between kr346.10 and kr357.90, which gives a possible trading interval of +/-kr5.90 (+/-1.68%) up or down from last closing price. If AB Industrivarden (publ) takes out the full calculated possible swing range there will be an estimated 3.35% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr353.30 (0.37%) than the support at kr341.60 (2.95%), 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 AB Industrivarden (publ) fund A Buy?

The AB Industrivarden (publ) fund holds several negative signals and despite the positive trend, we believe AB Industrivarden (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this fund.

Current score: -2.268 Sell Candidate Unchanged

Predicted Opening Price for AB Industrivarden (publ) of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.