Karolinska Development AB (publ) Stock Forecast
Red day on Tuesday for Karolinska Development AB (publ) stock after losing 0.82%
(Updated on Jun 25, 2024)
The Karolinska Development AB (publ) stock price fell by -0.82% on the last day (Tuesday, 25th Jun 2024) from kr1.46 to kr1.45. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 6.72% from a day low at kr1.40 to a day high of kr1.49. The price has fallen in 8 of the last 10 days and is down by -3.07% for this period. 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 -189 thousand shares and in total, 186 thousand shares were bought and sold for approximately kr269.89 thousand.
Given the current short-term trend, the stock is expected to fall -3.28% during the next 3 months and, with a 90% probability hold a price between kr1.40 and kr1.59 at the end of this 3-month period.
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KDEV.ST Signals & Forecast
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. The Karolinska Development 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 kr1.47 and kr1.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -13.17%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Karolinska Development AB (publ) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0.0940 between high and low, or 6.72%. For the last week the stock has had daily average volatility of 3.59%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KDEV.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Karolinska Development AB (publ) to open at kr1.45, and during the day (based on 14 day Average True Range), to move between kr1.40 and kr1.50, which gives a possible trading interval of +/-kr0.0533 (+/-3.67%) up or down from last closing price. If Karolinska Development AB (publ) takes out the full calculated possible swing range there will be an estimated 7.35% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr1.47, some kr0.0180 (1.24%) from the current price of kr1.45, our system finds the risk reward not very attractive.
Is Karolinska Development AB (publ) stock A Buy?
Karolinska Development AB (publ) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.798 Sell Candidate Unchanged
Predicted Opening Price for Karolinska Development AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr1.45 ( 0.230%) | kr1.45 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KDEV.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.54 | 6.25% |
| R2 | 1.50 | 3.78% |
| R1 | 1.48 | 2.25% |
| Price | 1.45 | |
| S1 | 1.41 | -2.71% |
| S2 | 1.39 | -4.24% |
| S3 | 1.35 | -6.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.54 | 6.07% |
| R2 | 1.52 | 4.83% |
| R1 | 1.47 | 1.24% |
| Price | 1.45 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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