Intrum AB (publ) Stock Forecast
A very strong day for Intrum AB (publ) stock price on Thursday
(Updated on May 02, 2024)
The Intrum AB (publ) stock price gained 6.69% on the last trading day (Thursday, 2nd May 2024), rising from kr26.16 to kr27.91. During the last trading day the stock fluctuated 7.40% from a day low at kr26.07 to a day high of kr28.00. The price has risen in 7 of the last 10 days and is up by 30.79% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 799 thousand more shares were traded than the day before. In total, 1 million shares were bought and sold for approximately kr32.69 million.
Given the current short-term trend, the stock is expected to fall -37.45% during the next 3 months and, with a 90% probability hold a price between kr3.55 and kr17.46 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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INTRUM.ST Signals & Forecast
The Intrum AB (publ) stock 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 kr24.67 and kr23.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 102.91%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Intrum AB (publ) stock
Intrum AB (publ) finds support from accumulated volume at kr27.70 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 kr1.93 between high and low, or 7.40%. For the last week, the stock has had daily average volatility of 8.75%.
Our recommended stop-loss: kr26.86 (-3.78%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (INTRUM.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Intrum AB (publ) to open at kr27.33, and during the day (based on 14 day Average True Range), to move between kr25.69 and kr30.13, which gives a possible trading interval of +/-kr2.22 (+/-7.97%) up or down from last closing price. If Intrum AB (publ) takes out the full calculated possible swing range there will be an estimated 15.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr27.70 (0.75%) than the resistance at kr30.00 (7.49%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Intrum AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 3.725 Buy Candidate Unchanged
Predicted Opening Price for Intrum AB (publ) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr27.33 ( 2.09%) | kr27.91 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INTRUM.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 29.26 | 4.83 % | |
| R2 | 28.52 | 2.18 % | ||
| R1 | 28.06 | 0.552 % | ||
| Current price: | 27.91 | |||
| Support | S1 | 26.59 | -4.73 % | |
| S2 | 26.13 | -6.36 % | ||
| S3 | 25.40 | -9.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 34.60 | 23.97 % | |
| R2 | 33.68 | 20.67 % | ||
| R1 | 30.00 | 7.49 % | ||
| Current price | 27.91 | |||
| Support | S1 | 27.70 | -0.752% | |
| S2 | 25.69 | -7.95% | ||
| S3 | 24.70 | -11.50% |
INTRUM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr6.75 | 7.29% |
| 2 | May 02, 2022 | May 02, 2022 | May 02, 2022 | kr13.50 | 6.09% |
| 3 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr12.00 | 4.12% |
| 4 | May 07, 2020 | May 07, 2020 | May 07, 2020 | kr11.00 | 8.86% |
| 5 | Apr 29, 2019 | Apr 29, 2019 | Apr 29, 2019 | kr9.50 | 3.93% |
FAQ
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