Instalco AB (publ) Stock Forecast
Instalco AB (publ) stock price ended at kr38.68 on Friday, after gaining 2.33%.
(Updated on Apr 26, 2024)
The Instalco AB (publ) stock price gained 2.33% on the last trading day (Friday, 26th Apr 2024), rising from kr37.80 to kr38.68. During the last trading day the stock fluctuated 2.83% from a day low at kr38.22 to a day high of kr39.30. The price has fallen in 6 of the last 10 days and is down by -1.18% for this period. Volume fell on the last day by -344 thousand shares and in total, 244 thousand shares were bought and sold for approximately kr9.42 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 -2.83% during the next 3 months and, with a 90% probability hold a price between kr33.87 and kr42.14 at the end of this 3-month period.
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INSTAL.ST Signals & Forecast
There are mixed signals in the stock today. The Instalco 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 kr39.72. On a fall, the stock will find some support from the short-term average at kr37.26. 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 Wednesday, April 17, 2024, and so far it has risen 10.51%. 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 stock should be watched closely.
Support, Risk & Stop-loss for Instalco AB (publ) stock
Instalco AB (publ) finds support from accumulated volume at kr38.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr1.08 between high and low, or 2.83%. For the last week, the stock has had daily average volatility of 4.09%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INSTAL.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Instalco AB (publ) to open at kr38.73, and during the day (based on 14 day Average True Range), to move between kr36.85 and kr40.51, which gives a possible trading interval of +/-kr1.83 (+/-4.74%) up or down from last closing price. If Instalco AB (publ) takes out the full calculated possible swing range there will be an estimated 9.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr38.50 (0.47%) than the resistance at kr39.14 (1.19%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Instalco AB (publ) will release earnings BMO on Friday, May 03, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.450. We will update the financials statements for Instalco AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 13.95% in the first trading day after earnings release.
Is Instalco AB (publ) stock A Buy?
Instalco 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: -1.184 Sell Candidate Unchanged
Predicted Opening Price for Instalco AB (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr38.73 ( 0.138%) | kr38.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSTAL.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 39.81 | 2.93 % | |
| R2 | 39.40 | 1.86 % | ||
| R1 | 39.15 | 1.20 % | ||
| Current price: | 38.68 | |||
| Support | S1 | 38.32 | -0.93 % | |
| S2 | 38.07 | -1.59 % | ||
| S3 | 37.65 | -2.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.20 | 6.51 % | |
| R2 | 39.30 | 1.60 % | ||
| R1 | 39.14 | 1.19 % | ||
| Current price | 38.68 | |||
| Support | S1 | 38.50 | -0.465% | |
| S2 | 35.98 | -6.98% | ||
| S3 | 35.00 | -9.51% |
INSTAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr0.680 | 1.76% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | kr0.660 | 1.18% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr0.650 | 1.20% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.540 | 0.85% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.460 | 1.68% |
FAQ
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