AB Industrivarden (publ) Fund Forecast

AB Industrivarden (publ) fund price ended at kr357.60 on Friday, after gaining 0.562%.
(Updated on Jun 28, 2024)

INDU-C.ST Signals & Forecast

There are mixed signals in the fund today. The AB Industrivarden (publ) fund 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 fund giving a more negative forecast for the stock. On further gains, the fund will meet resistance from the long-term Moving Average at kr363.11. On a fall, the fund will find some support from the short-term average at kr357.00. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.10%. Further rise is indicated until a new top pivot has been found. 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 fund should be watched closely. 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 kr356.90 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 kr2.90 between high and low, or 0.82%. For the last week the fund has had daily average volatility of 1.53%.

Our recommended stop-loss: kr337.77 (-5.55%) (This fund has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 27 days ago.)

Trading Expectations (INDU-C.ST) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect AB Industrivarden (publ) to open at kr357.03, and during the day (based on 14 day Average True Range), to move between kr352.16 and kr363.04, which gives a possible trading interval of +/-kr5.44 (+/-1.52%) up or down from last closing price. If AB Industrivarden (publ) takes out the full calculated possible swing range there will be an estimated 3.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr356.90 (0.20%) than the resistance at kr366.20 (2.40%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: -0.239 Hold/Accumulate Unchanged

Predicted Opening Price for AB Industrivarden (publ) of Monday, July 1, 2024

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