Kinnevik AB Stock Forecast
Stronger technical forecast for Kinnevik AB stock price after Friday trading.
(Updated on May 03, 2024)
The Kinnevik AB stock price gained 4.70% on the last trading day (Friday, 3rd May 2024), rising from kr115.00 to kr120.40. During the last trading day the stock fluctuated 4.85% from a day low at kr115.40 to a day high of kr121.00. The price has risen in 5 of the last 10 days and is up by 6.36% over the past 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 18 thousand shares were bought and sold for approximately kr2.18 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong 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 20.91% during the next 3 months and, with a 90% probability hold a price between kr138.12 and kr156.75 at the end of this 3-month period.
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KINV-A.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, April 09, 2024, and so far it has fallen -2.43%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The Kinnevik AB 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 kr117.40 and kr117.38. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Kinnevik AB stock
On the downside, the stock finds support just below today's level from accumulated volume at kr113.20 and kr112.40. 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, Kinnevik AB finds support just below today's level at kr113.20. If this is broken, then the next support from accumulated volume will be at kr112.40 and kr107.00.
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 kr5.60 between high and low, or 4.85%. For the last week, the stock has had daily average volatility of 3.45%.
Our recommended stop-loss: kr115.99 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (KINV-A.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Kinnevik AB to open at kr118.93, and during the day (based on 14 day Average True Range), to move between kr115.87 and kr124.93, which gives a possible trading interval of +/-kr4.53 (+/-3.76%) up or down from last closing price. If Kinnevik AB takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr121.00 (0.50%) than the support at kr113.20 (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 Kinnevik 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 Kinnevik 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: 3.895 Buy Candidate Upgraded
Predicted Opening Price for Kinnevik AB of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr118.93 ( 1.22%) | kr120.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINV-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 124.53 | 3.43 % | |
| R2 | 122.39 | 1.66 % | ||
| R1 | 121.07 | 0.559 % | ||
| Current price: | 120.40 | |||
| Support | S1 | 116.79 | -2.99 % | |
| S2 | 115.47 | -4.09 % | ||
| S3 | 113.33 | -5.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.00 | 1.33 % | |
| R2 | 121.80 | 1.16 % | ||
| R1 | 121.00 | 0.498 % | ||
| Current price | 120.40 | |||
| Support | S1 | 113.20 | -5.98% | |
| S2 | 112.40 | -6.64% | ||
| S3 | 107.00 | -11.13% |
KINV-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 25, 2020 | Aug 25, 2020 | Aug 25, 2020 | kr7.00 | 2.11% |
| 2 | Nov 12, 2019 | Nov 12, 2019 | Nov 12, 2019 | kr4.00 | 1.48% |
| 3 | Nov 07, 2019 | Nov 07, 2019 | Nov 07, 2019 | kr4.00 | 1.52% |
| 4 | May 08, 2019 | May 08, 2019 | May 08, 2019 | kr4.25 | 1.55% |
| 5 | May 24, 2018 | May 24, 2018 | May 24, 2018 | kr8.25 | 2.83% |
FAQ
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