AB Industrivarden (publ) Fund Forecast

Red day on Friday for AB Industrivarden (publ) fund after losing 0%
(Updated on May 24, 2024)

INDU-A.ST Signals & Forecast

The AB Industrivarden (publ) fund 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 kr369.06 and kr361.11. 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). The volume rose on the last day while price remained unchanged. This may be an early warning and the fund should be watched closely. 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 Monday, May 20, 2024, and so far it has fallen -0.215%. Further fall is indicated until a new bottom pivot has been found. 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 kr366.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This fund is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the fund moved kr5.00 (1.36%) between high and low. For the last week, the fund has had daily average volatility of 1.42%.

Our recommended stop-loss: kr358.44 (-3.38%) (This fund has low daily movements and this gives low risk. The RSI14 is 81 and this increases the risk substantially. There is a sell signal from a pivot top found 19 days ago.)

Trading Expectations (INDU-A.ST) For The Upcoming Trading Day Of Monday 27th

For the upcoming trading day on Monday, 27th we expect AB Industrivarden (publ) to open at kr370.00, and during the day (based on 14 day Average True Range), to move between kr365.50 and kr376.50, which gives a possible trading interval of +/-kr5.50 (+/-1.48%) up or down from last closing price. If AB Industrivarden (publ) takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr371.40 (0.11%) than the support at kr366.60 (1.19%), 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?

Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AB Industrivarden (publ) fund to perform well in the short-term period.

Current score: 1.645 Buy Candidate Unchanged

Predicted Opening Price for AB Industrivarden (publ) of Monday, May 27, 2024

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