Investment AB Latour (publ) Stock Forecast
Stronger technical forecast for Investment AB Latour (publ) stock price after Wednesday trading.
(Updated on May 22, 2024)
The Investment AB Latour (publ) stock price gained 0.469% on the last trading day (Wednesday, 22nd May 2024), rising from kr298.80 to kr300.20. It has now gained 3 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 1.38% from a day low at kr298.00 to a day high of kr302.10. The price has risen in 7 of the last 10 days and is up by 7.02% 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, 11 thousand more shares were traded than the day before. In total, 254 thousand shares were bought and sold for approximately kr76.38 million.
The stock lies in the upper part of a wide and 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 kr300.41 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 9.57% during the next 3 months and, with a 90% probability hold a price between kr299.19 and kr329.15 at the end of this 3-month period.
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LATO-B.ST Signals & Forecast
Mostly positive signals in the chart today. The Investment AB Latour (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 kr296.21 and kr281.12. 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 13.07%. 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 kr272.80 and kr265.50. 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 kr272.80. If this is broken, then the next support from accumulated volume will be at kr265.50 and kr262.60.
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 kr4.10 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 1.42%.
The Investment AB Latour (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr290.35 (-3.28%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 86 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (LATO-B.ST) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Investment AB Latour (publ) to open at kr300.10, and during the day (based on 14 day Average True Range), to move between kr294.20 and kr306.20, which gives a possible trading interval of +/-kr6.00 (+/-2.00%) 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 4.00% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr272.80, some kr27.40 (9.13%) from the current price of kr300.20, our system finds the risk reward attractive.
Is Investment AB Latour (publ) stock A Buy?
Investment AB Latour (publ) holds several positive signals and is within a weak rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Strong Buy candidate.
Current score: 6.434 Strong Buy Candidate Upgraded
Predicted Opening Price for Investment AB Latour (publ) of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| kr300.10 ( 0.0333%) | kr300.20 |
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 | 304.20 | 1.33 % | |
| R2 | 302.63 | 0.81 % | ||
| R1 | 301.67 | 0.488 % | ||
| Current price: | 300.20 | |||
| Support | S1 | 298.53 | -0.555 % | |
| S2 | 297.57 | -0.88 % | ||
| S3 | 296.00 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 300.20 | |||
| Support | S1 | 272.80 | -9.13% | |
| S2 | 265.50 | -11.56% | ||
| S3 | 262.60 | -12.52% |
LATO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 21, 2024 | kr4.10 | 1.37% |
| 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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