L E Lundbergforetagen AB (publ) Stock Forecast
Green day on Tuesday for L E Lundbergforetagen AB (publ)
(Updated on Jul 02, 2024)
The L E Lundbergforetagen AB (publ) stock price gained 0.566% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr530.00 to kr533.00. During the last trading day the stock fluctuated 1.42% from a day low at kr527.00 to a day high of kr534.50. The price has risen in 7 of the last 10 days and is up by 2.9% 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, 8 thousand more shares were traded than the day before. In total, 59 thousand shares were bought and sold for approximately kr31.40 million.
The stock lies in the middle of a wide and 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 -5.11% during the next 3 months and, with a 90% probability hold a price between kr485.78 and kr538.29 at the end of this 3-month period.
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LUND-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 3.29%. 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. Some negative signals were issued as well, and these may have some influence on the near short-term development. The L E Lundbergforetagen AB (publ) 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 kr544.67. On a fall, the stock will find some support from the short-term average at kr527.43. 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.
Support, Risk & Stop-loss for L E Lundbergforetagen AB (publ) stock
L E Lundbergforetagen AB (publ) finds support from accumulated volume at kr529.00 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 kr7.50 between high and low, or 1.42%. For the last week the stock has had daily average volatility of 1.36%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (LUND-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect L E Lundbergforetagen AB (publ) to open at kr531.50, and during the day (based on 14 day Average True Range), to move between kr524.73 and kr541.27, which gives a possible trading interval of +/-kr8.27 (+/-1.55%) 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 3.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr533.50 (0.09%) than the support at kr529.00 (0.75%), 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?
L E Lundbergforetagen AB (publ) 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.
Current score: -1.662 Sell Candidate Unchanged
Predicted Opening Price for L E Lundbergforetagen AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr531.50 ( 0.281%) | kr533.00 |
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 | |
|---|---|---|
| R3 | 539.00 | 1.13% |
| R2 | 536.14 | 0.588% |
| R1 | 534.37 | 0.256% |
| Price | 533.00 | |
| S1 | 528.64 | -0.82% |
| S2 | 526.87 | -1.15% |
| S3 | 524.00 | -1.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 543.50 | 1.97% |
| R2 | 535.50 | 0.469% |
| R1 | 533.50 | 0.0938% |
| Price | 533.00 | |
| S1 | 529.00 | -0.750% |
| S2 | 525.50 | -1.41% |
| S3 | 521.50 | -2.16% |
LUND-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 17, 2024 | kr4.30 | 0.797% |
| 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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