AB Industrivarden (publ) Fund Forecast

AB Industrivarden (publ) fund price down 0.140% on Wednesday
(Updated on Jun 26, 2024)

INDU-C.ST Signals & Forecast

A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 0.679%. Further rise is indicated until a new top pivot has been found. 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 kr356.61 and kr363.09. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). 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 kr355.80 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 kr5.60 between high and low, or 1.58%. For the last week the fund has had daily average volatility of 1.55%.

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

Trading Expectations (INDU-C.ST) For The Upcoming Trading Day Of Thursday 27th

For the upcoming trading day on Thursday, 27th we expect AB Industrivarden (publ) to open at kr356.70, and during the day (based on 14 day Average True Range), to move between kr350.39 and kr361.81, which gives a possible trading interval of +/-kr5.71 (+/-1.60%) up or down from last closing price. If AB Industrivarden (publ) takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr355.80 (0.08%) than the resistance at kr366.20 (2.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is AB Industrivarden (publ) fund A Buy?

AB Industrivarden (publ) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this fund.

Current score: -1.599 Sell Candidate Unchanged

Predicted Opening Price for AB Industrivarden (publ) of Thursday, June 27, 2024

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