Intrum AB (publ) Stock Forecast
Big movements in Intrum AB (publ) stock price on Friday moving 10.53% between high and low
(Updated on May 17, 2024)
The Intrum AB (publ) stock price fell by -7.11% on the last day (Friday, 17th May 2024) from kr30.79 to kr28.60. During the last trading day the stock fluctuated 10.53% from a day low at kr28.39 to a day high of kr31.38. The price has fallen in 6 of the last 10 days but is still up by 2.47% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -41 thousand shares and in total, 885 thousand shares were bought and sold for approximately kr25.32 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr30.77 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -17.17% during the next 3 months and, with a 90% probability hold a price between kr7.96 and kr25.48 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 a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr29.04. On a fall, the stock will find some support from the long-term average at approximately kr25.57. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -7.68%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr2.99 between high and low, or 10.53%. For the last week, the stock has had daily average volatility of 6.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INTRUM.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Intrum AB (publ) to open at kr29.46, and during the day (based on 14 day Average True Range), to move between kr26.52 and kr30.68, which gives a possible trading interval of +/-kr2.08 (+/-7.29%) up or down from last closing price. If Intrum AB (publ) takes out the full calculated possible swing range there will be an estimated 14.58% 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 (3.15%) than the resistance at kr30.00 (4.90%), 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?
Intrum 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.695 Sell Candidate Downgraded
Predicted Opening Price for Intrum AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr29.46 ( 3.00%) | kr28.60 |
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 | 32.45 | 13.45 % | |
| R2 | 31.30 | 9.46 % | ||
| R1 | 30.60 | 6.99 % | ||
| Current price: | 28.60 | |||
| Support | S1 | 28.31 | -1.00 % | |
| S2 | 27.61 | -3.47 % | ||
| S3 | 26.47 | -7.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.68 | 17.76 % | |
| R2 | 31.10 | 8.74 % | ||
| R1 | 30.00 | 4.90 % | ||
| Current price | 28.60 | |||
| Support | S1 | 27.70 | -3.15% | |
| S2 | 25.69 | -10.17% | ||
| S3 | 24.70 | -13.64% |
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% |
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