Lindab International AB Stock Forecast

Lindab International AB stock downgraded to Sell Candidate
(Updated on May 02, 2024)

LIAB.ST Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 2.66%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Lindab International AB stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr223.36. On a fall, the stock will find some support from the short-term average at kr216.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Lindab International AB stock

Lindab International AB finds support from accumulated volume at kr215.40 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 kr7.20 between high and low, or 3.33%. For the last week, the stock has had daily average volatility of 2.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (LIAB.ST) For The Upcoming Trading Day Of Friday 3rd

For the upcoming trading day on Friday, 3rd we expect Lindab International AB to open at kr218.47, and during the day (based on 14 day Average True Range), to move between kr210.20 and kr222.20, which gives a possible trading interval of +/-kr6.00 (+/-2.77%) up or down from last closing price. If Lindab International AB takes out the full calculated possible swing range there will be an estimated 5.55% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr215.40 (0.37%) than the resistance at kr224.60 (3.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Lindab International AB stock A Buy?

Lindab International AB holds several negative signals and we believe that 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 Hold/Accumulate to a Sell candidate.

Current score: -1.180 Sell Candidate Downgraded

Predicted Opening Price for Lindab International AB of Friday, May 3, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.