Lagercrantz Group AB (publ) Stock Forecast
Green day on Tuesday for Lagercrantz Group AB (publ) stock after gaining 1.50%
(Updated on Apr 23, 2024)
The Lagercrantz Group AB (publ) stock price gained 1.50% on the last trading day (Tuesday, 23rd Apr 2024), rising from kr159.90 to kr162.30. During the last trading day the stock fluctuated 2.50% from a day low at kr159.90 to a day high of kr163.90. The price has risen in 5 of the last 10 days but is still down by -0.43% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 218 thousand more shares were traded than the day before. In total, 334 thousand shares were bought and sold for approximately kr54.18 million.
The stock lies in the middle of a 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 21.17% during the next 3 months and, with a 90% probability hold a price between kr193.03 and kr203.89 at the end of this 3-month period.
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LAGR-B.ST Signals & Forecast
The Lagercrantz Group 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 kr160.31 and kr158.40. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Wednesday, April 10, 2024, and so far it has fallen -1.04%. 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).
Support, Risk & Stop-loss for Lagercrantz Group AB (publ) stock
Lagercrantz Group AB (publ) finds support from accumulated volume at kr161.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr4.00 between high and low, or 2.50%. For the last week the stock has had daily average volatility of 2.13%.
Our recommended stop-loss: kr155.50 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (LAGR-B.ST) For The Upcoming Trading Day Of Wednesday 24th
For the upcoming trading day on Wednesday, 24th we expect Lagercrantz Group AB (publ) to open at kr162.03, and during the day (based on 14 day Average True Range), to move between kr158.50 and kr166.10, which gives a possible trading interval of +/-kr3.80 (+/-2.34%) up or down from last closing price. If Lagercrantz Group AB (publ) takes out the full calculated possible swing range there will be an estimated 4.68% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr162.50 (0.12%) than the support at kr161.90 (0.25%), 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 Lagercrantz Group AB (publ) 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 Lagercrantz Group AB (publ) stock to perform well in the short-term.
Current score: 4.703 Buy Candidate Unchanged
Predicted Opening Price for Lagercrantz Group AB (publ) of Wednesday, April 24, 2024
| Fair opening price April 24, 2024 | Current price |
|---|---|
| kr162.03 ( 0.164%) | kr162.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAGR-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 166.03 | 2.30 % | |
| R2 | 164.51 | 1.36 % | ||
| R1 | 163.56 | 0.777 % | ||
| Current price: | 162.30 | |||
| Support | S1 | 160.51 | -1.11 % | |
| S2 | 159.56 | -1.69 % | ||
| S3 | 158.03 | -2.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 163.90 | 0.99 % | |
| R2 | 162.90 | 0.370 % | ||
| R1 | 162.50 | 0.123 % | ||
| Current price | 162.30 | |||
| Support | S1 | 161.90 | -0.246% | |
| S2 | 149.40 | -7.95% | ||
| S3 | 145.00 | -10.66% |
LAGR-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | kr1.30 | 1.33% |
| 2 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | kr1.00 | 0.86% |
| 3 | Aug 26, 2020 | Aug 26, 2020 | Aug 26, 2020 | kr0.667 | 1.09% |
| 4 | Aug 28, 2019 | Aug 28, 2019 | Aug 28, 2019 | kr0.83 | 2.07% |
| 5 | Oct 01, 2018 | Oct 01, 2018 | Oct 01, 2018 | kr0.667 | 2.30% |
FAQ
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