Kinnevik AB Stock Forecast
Evaluation of Kinnevik AB stock downgraded after the last trading session.
(Updated on Jun 25, 2024)
The Kinnevik AB stock price fell by -4.80% on the last day (Tuesday, 25th Jun 2024) from kr92.80 to kr88.35. During the last trading day the stock fluctuated 4.70% from a day low at kr88.30 to a day high of kr92.45. The price has fallen in 6 of the last 10 days and is down by -13.53% for this period. Volume has increased on the last day by 171 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately kr119.03 million.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr87.65 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -14.80% during the next 3 months and, with a 90% probability hold a price between kr74.67 and kr101.46 at the end of this 3-month period.
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KINV-B.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Kinnevik AB 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 kr92.34 and kr114.33. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 20, 2024, and so far it has fallen -30.71%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Kinnevik AB 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.
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 kr4.15 between high and low, or 4.70%. For the last week, the stock has had daily average volatility of 4.17%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KINV-B.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Kinnevik AB to open at kr89.70, and during the day (based on 14 day Average True Range), to move between kr83.70 and kr93.00, which gives a possible trading interval of +/-kr4.65 (+/-5.26%) up or down from last closing price. If Kinnevik AB takes out the full calculated possible swing range there will be an estimated 10.53% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr88.70, some kr0.350 (0.40%) from the current price of kr88.35, our system finds the risk reward not very attractive.
Is Kinnevik AB stock A Buy?
Kinnevik AB holds several negative signals and is within a very 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.060 Strong Sell Candidate Downgraded
Predicted Opening Price for Kinnevik AB of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr89.70 ( 1.53%) | kr88.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KINV-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 93.85 | 6.23% |
| R2 | 92.26 | 4.43% |
| R1 | 91.29 | 3.32% |
| Price | 88.35 | |
| S1 | 88.11 | -0.266% |
| S2 | 87.14 | -1.37% |
| S3 | 85.55 | -3.17% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 106.02 | 20.00% |
| R2 | 94.40 | 6.85% |
| R1 | 88.70 | 0.396% |
| Price | 88.35 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
KINV-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 07, 2024 | Jun 07, 2024 | Jun 07, 2024 | kr23.00 | 21.69% |
| 2 | Aug 25, 2020 | Aug 25, 2020 | Aug 25, 2020 | kr7.00 | 4.26% |
| 3 | Nov 12, 2019 | Nov 12, 2019 | Nov 12, 2019 | kr4.00 | 3.12% |
| 4 | Nov 07, 2019 | Nov 07, 2019 | Nov 07, 2019 | kr4.00 | 3.20% |
| 5 | May 08, 2019 | May 08, 2019 | May 08, 2019 | kr4.25 | 3.25% |
FAQ
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