Instalco AB (publ) Stock Forecast
Instalco AB (publ) stock price ended at kr36.20 on Wednesday, after gaining 0.723%.
(Updated on May 08, 2024)
The Instalco AB (publ) stock price gained 0.723% on the last trading day (Wednesday, 8th May 2024), rising from kr35.94 to kr36.20. During the last trading day the stock fluctuated 5.53% from a day low at kr35.78 to a day high of kr37.76. The price has risen in 5 of the last 10 days but is still down by -3.77% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 36 thousand more shares were traded than the day before. In total, 298 thousand shares were bought and sold for approximately kr10.78 million.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr34.67 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.19% during the next 3 months and, with a 90% probability hold a price between kr33.56 and kr41.78 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 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 kr37.45 and kr39.46. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 1.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Instalco AB (publ) stock
Instalco AB (publ) finds support from accumulated volume at kr35.98 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.98 between high and low, or 5.53%. For the last week, the stock has had daily average volatility of 5.04%.
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 Friday 10th
For the upcoming trading day on Friday, 10th we expect Instalco AB (publ) to open at kr36.58, and during the day (based on 14 day Average True Range), to move between kr34.34 and kr38.06, which gives a possible trading interval of +/-kr1.86 (+/-5.13%) up or down from last closing price. If Instalco AB (publ) takes out the full calculated possible swing range there will be an estimated 10.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr35.98 (0.61%) than the resistance at kr39.14 (8.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -2.314 Sell Candidate Unchanged
Predicted Opening Price for Instalco AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr36.58 ( 1.05%) | kr36.20 |
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 | 38.56 | 6.52 % | |
| R2 | 37.80 | 4.43 % | ||
| R1 | 37.34 | 3.14 % | ||
| Current price: | 36.20 | |||
| Support | S1 | 35.82 | -1.04 % | |
| S2 | 35.36 | -2.33 % | ||
| S3 | 34.60 | -4.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.20 | 13.81 % | |
| R2 | 39.30 | 8.56 % | ||
| R1 | 39.14 | 8.12 % | ||
| Current price | 36.20 | |||
| Support | S1 | 35.98 | -0.608% | |
| S2 | 35.52 | -1.88% | ||
| S3 | 35.00 | -3.31% |
INSTAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr0.680 | 1.88% |
| 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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