L E Lundbergforetagen AB (publ) Stock Forecast
L E Lundbergforetagen AB (publ) stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 10, 2024)
The L E Lundbergforetagen AB (publ) stock price gained 1.34% on the last trading day (Friday, 10th May 2024), rising from kr561.50 to kr569.00. 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 1.24% from a day low at kr564.50 to a day high of kr571.50. The price has risen in 8 of the last 10 days and is up by 3.55% 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, 21 thousand more shares were traded than the day before. In total, 103 thousand shares were bought and sold for approximately kr58.83 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.33% during the next 3 months and, with a 90% probability hold a price between kr520.99 and kr570.98 at the end of this 3-month period.
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LUND-B.ST Signals & Forecast
Mostly positive signals in the chart today. The L E Lundbergforetagen AB (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 kr554.50 and kr558.66. 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 6.26%. 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 L E Lundbergforetagen AB (publ) stock
L E Lundbergforetagen AB (publ) finds support from accumulated volume at kr563.40 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 kr7.00 between high and low, or 1.24%. For the last week the stock has had daily average volatility of 1.38%.
Our recommended stop-loss: kr544.74 (-4.26%) (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 (LUND-B.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect L E Lundbergforetagen AB (publ) to open at kr568.33, and during the day (based on 14 day Average True Range), to move between kr560.57 and kr577.43, which gives a possible trading interval of +/-kr8.43 (+/-1.48%) up or down from last closing price. If L E Lundbergforetagen AB (publ) takes out the full calculated possible swing range there will be an estimated 2.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr570.50 (0.26%) than the support at kr563.40 (0.98%), 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 L E Lundbergforetagen AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.599 Buy Candidate Upgraded
Predicted Opening Price for L E Lundbergforetagen AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr568.33 ( 0.117%) | kr569.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LUND-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 575.33 | 1.11 % | |
| R2 | 572.66 | 0.643 % | ||
| R1 | 571.01 | 0.353 % | ||
| Current price: | 569.00 | |||
| Support | S1 | 565.66 | -0.587 % | |
| S2 | 564.01 | -0.88 % | ||
| S3 | 561.33 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 590.00 | 3.69 % | |
| R2 | 578.20 | 1.62 % | ||
| R1 | 570.50 | 0.264 % | ||
| Current price | 569.00 | |||
| Support | S1 | 563.40 | -0.98% | |
| S2 | 561.00 | -1.41% | ||
| S3 | 543.50 | -4.48% |
LUND-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 11, 2024 | kr0 | 0% |
| 2 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | kr4.00 | 0.84% |
| 3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | kr3.75 | 0.772% |
| 4 | Apr 16, 2021 | Apr 16, 2021 | Apr 16, 2021 | kr3.50 | 0.711% |
| 5 | Apr 04, 2019 | Apr 04, 2019 | Apr 04, 2019 | kr3.20 | 1.07% |
FAQ
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