Investor AB (publ) Stock Forecast

Stronger technical forecast for Investor AB (publ) stock price after Wednesday trading.
(Updated on May 08, 2024)

INVE-B.ST Signals & Forecast

The Investor 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 kr274.72 and kr267.20. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 07, 2024, and so far it has fallen -0.357%. 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. The stock had a Golden Star Signal on Monday, October 09, 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 stock in question.

Support, Risk & Stop-loss for Investor AB (publ) stock

Investor AB (publ) finds support from accumulated volume at kr270.85 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr3.05 (1.10%) between high and low. For the last week, the stock has had daily average volatility of 1.37%.

Our recommended stop-loss: kr268.80 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)

Trading Expectations (INVE-B.ST) For The Upcoming Trading Day Of Friday 10th

For the upcoming trading day on Friday, 10th we expect Investor AB (publ) to open at kr278.32, and during the day (based on 14 day Average True Range), to move between kr274.92 and kr283.08, which gives a possible trading interval of +/-kr4.08 (+/-1.46%) up or down from last closing price. If Investor AB (publ) takes out the full calculated possible swing range there will be an estimated 2.92% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr280.00 (0.36%) than the support at kr270.85 (2.92%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Is Investor AB (publ) stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Investor AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.

Current score: 3.208 Buy Candidate Upgraded

Predicted Opening Price for Investor AB (publ) of Friday, May 10, 2024

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