Inwido AB Stock Forecast
Inwido AB stock upgraded from Sell Candidate to Buy Candidate after Wednesday trading session.
(Updated on May 08, 2024)
The Inwido AB stock price gained 3.27% on the last trading day (Wednesday, 8th May 2024), rising from kr140.80 to kr145.40. During the last trading day the stock fluctuated 4.69% from a day low at kr140.80 to a day high of kr147.40. The price has risen in 6 of the last 10 days and is up by 8.59% 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, 73 thousand more shares were traded than the day before. In total, 171 thousand shares were bought and sold for approximately kr24.90 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.01% during the next 3 months and, with a 90% probability hold a price between kr140.94 and kr160.67 at the end of this 3-month period.
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INWI.ST Signals & Forecast
The Inwido AB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr138.24 and kr141.51. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.32%. 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 Inwido AB stock
On the downside, the stock finds support just below today's level from accumulated volume at kr136.70 and kr134.90. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Inwido AB finds support just below today's level at kr136.70. If this is broken, then the next support from accumulated volume will be at kr134.90 and kr133.90.
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 kr6.60 between high and low, or 4.69%. For the last week, the stock has had daily average volatility of 3.28%.
Our recommended stop-loss: kr139.73 (-3.90%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (INWI.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Inwido AB to open at kr144.53, and during the day (based on 14 day Average True Range), to move between kr140.88 and kr149.92, which gives a possible trading interval of +/-kr4.52 (+/-3.11%) up or down from last closing price. If Inwido AB takes out the full calculated possible swing range there will be an estimated 6.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr145.90 (0.34%) than the support at kr136.70 (5.98%), 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 Inwido AB 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 Inwido AB stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 4.328 Buy Candidate Upgraded
Predicted Opening Price for Inwido AB of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr144.53 ( 0.596%) | kr145.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INWI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.13 | 3.94 % | |
| R2 | 148.61 | 2.21 % | ||
| R1 | 147.05 | 1.14 % | ||
| Current price: | 145.40 | |||
| Support | S1 | 142.01 | -2.33 % | |
| S2 | 140.45 | -3.40 % | ||
| S3 | 137.93 | -5.14 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 147.40 | 1.38 % | |
| R2 | 146.50 | 0.757 % | ||
| R1 | 145.90 | 0.344 % | ||
| Current price | 145.40 | |||
| Support | S1 | 136.70 | -5.98% | |
| S2 | 134.90 | -7.22% | ||
| S3 | 133.90 | -7.91% |
INWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | kr0 | 0% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr6.50 | 6.35% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr6.15 | 4.68% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr4.50 | 3.04% |
| 5 | May 06, 2020 | May 06, 2020 | May 06, 2020 | kr3.50 | 6.35% |
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