Investment AB Latour (publ) Stock Forecast
Investment AB Latour (publ) stock price up 3.45% on Friday
(Updated on May 10, 2024)
The Investment AB Latour (publ) stock price gained 3.45% on the last trading day (Friday, 10th May 2024), rising from kr281.40 to kr291.10. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 2.79% from a day low at kr283.20 to a day high of kr291.10. The price has risen in 7 of the last 10 days and is up by 3.67% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 194 thousand shares were bought and sold for approximately kr56.60 million.
The stock lies in the upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr293.02 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 6.73% during the next 3 months and, with a 90% probability hold a price between kr286.32 and kr312.74 at the end of this 3-month period.
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LATO-B.ST Signals & Forecast
The Investment AB Latour (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr277.49 and kr277.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 9.64%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Investment AB Latour (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr269.70 and kr265.00. 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, Investment AB Latour (publ) finds support just below today's level at kr269.70. If this is broken, then the next support from accumulated volume will be at kr265.00 and kr257.00.
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 kr7.90 between high and low, or 2.79%. For the last week the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: kr280.10 (-3.78%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 9 days ago.)
Trading Expectations (LATO-B.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Investment AB Latour (publ) to open at kr288.47, and during the day (based on 14 day Average True Range), to move between kr284.26 and kr297.94, which gives a possible trading interval of +/-kr6.84 (+/-2.35%) up or down from last closing price. If Investment AB Latour (publ) takes out the full calculated possible swing range there will be an estimated 4.70% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr269.70, some kr21.40 (7.35%) from the current price of kr291.10, our system finds the risk reward attractive.
Is Investment AB Latour (publ) stock A Buy?
Investment AB Latour (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Investment AB Latour (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr288.47 ( 0.90%) | kr291.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LATO-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 296.37 | 1.81 % | |
| R2 | 293.35 | 0.773 % | ||
| R1 | 291.48 | 0.132 % | ||
| Current price: | 291.10 | |||
| Support | S1 | 285.45 | -1.94 % | |
| S2 | 283.58 | -2.58 % | ||
| S3 | 280.57 | -3.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 291.10 | |||
| Support | S1 | 269.70 | -7.35% | |
| S2 | 265.00 | -8.97% | ||
| S3 | 257.00 | -11.71% |
LATO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 21, 2024 | kr4.10 | 1.41% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | kr3.70 | 1.69% |
| 3 | May 11, 2022 | May 11, 2022 | May 11, 2022 | kr3.30 | 1.49% |
| 4 | May 11, 2021 | May 11, 2021 | May 11, 2021 | kr3.00 | 1.19% |
| 5 | May 12, 2020 | May 12, 2020 | May 12, 2020 | kr1.25 | 0.83% |
FAQ
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