Knowit AB (publ) Stock Forecast
Red day on Friday for Knowit AB (publ)
(Updated on May 10, 2024)
No changes to the price of Knowit AB (publ) stock on the last trading day (Friday, 10th May 2024). During the last trading day the stock fluctuated 2.66% from a day low at kr165.60 to a day high of kr170.00. The price has risen in 6 of the last 10 days and is up by 13.7% over the past 2 weeks.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr171.28 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Knowit AB (publ) stock with a 90% probability to be traded between kr140.51 and kr168.95 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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KNOW.ST Signals & Forecast
The Knowit 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 kr159.06 and kr154.38. 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 Monday, May 06, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for Knowit AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr157.80 and kr155.00. 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, Knowit AB (publ) finds support just below today's level at kr157.80. If this is broken, then the next support from accumulated volume will be at kr155.00 and kr149.60.
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 kr4.40 between high and low, or 2.66%. For the last week, the stock has had daily average volatility of 6.40%.
Our recommended stop-loss: kr160.24 (-4.39%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (KNOW.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Knowit AB (publ) to open at kr167.73, and during the day (based on 14 day Average True Range), to move between kr161.91 and kr173.29, which gives a possible trading interval of +/-kr5.69 (+/-3.40%) up or down from last closing price. If Knowit AB (publ) takes out the full calculated possible swing range there will be an estimated 6.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr171.40 (2.27%) than the support at kr157.80 (5.85%), 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 Knowit AB (publ) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Knowit AB (publ) stock to perform well in the short-term period.
Current score: 1.580 Buy Candidate Unchanged
Predicted Opening Price for Knowit AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr167.73 ( 0.0796%) | kr167.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNOW.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 172.13 | 2.70 % | |
| R2 | 170.45 | 1.70 % | ||
| R1 | 169.41 | 1.08 % | ||
| Current price: | 167.60 | |||
| Support | S1 | 166.05 | -0.92 % | |
| S2 | 165.01 | -1.54 % | ||
| S3 | 163.33 | -2.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 171.40 | 2.27 % | ||
| Current price | 167.60 | |||
| Support | S1 | 157.80 | -5.85% | |
| S2 | 155.00 | -7.52% | ||
| S3 | 149.60 | -10.74% |
KNOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 15, 2024 | Nov 15, 2024 | Nov 21, 2024 | kr2.60 | 1.56% |
| 2 | May 06, 2024 | May 06, 2024 | May 06, 2024 | kr0 | 0% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr3.75 | 1.83% |
| 4 | Nov 15, 2022 | Nov 15, 2022 | Nov 15, 2022 | kr3.50 | 1.50% |
| 5 | May 03, 2022 | May 03, 2022 | May 03, 2022 | kr3.50 | 1.17% |
FAQ
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