A.P. Møller - Mærsk A/S Stock Forecast
On Friday, A.P. Møller - Mærsk A/S stock price gained an impressive 6.17%
(Updated on Apr 26, 2024)
The A.P. Møller - Mærsk A/S stock price gained 6.17% on the last trading day (Friday, 26th Apr 2024), rising from kr9,730.00 to kr10,330.00. During the last trading day the stock fluctuated 7.45% from a day low at kr9,758.00 to a day high of kr10,485.00. The price has risen in 7 of the last 10 days and is up by 7.09% 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, 28 thousand more shares were traded than the day before. In total, 50 thousand shares were bought and sold for approximately kr512.21 million.
The stock lies the upper part of a very wide and falling 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 kr10,370.15 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -21.37% during the next 3 months and, with a 90% probability hold a price between kr6,052.19 and kr8,154.13 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MAERSK-B.CO Signals & Forecast
The A.P. Møller - Mærsk A/S 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 kr9,758.86 and kr9,417.49. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, March 19, 2024, and so far it has risen 16.70%. 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 A.P. Møller - Mærsk A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at kr9,746.00 and kr9,056.00. 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, A.P. Møller - Mærsk A/S finds support just below today's level at kr9,746.00. If this is broken, then the next support from accumulated volume will be at kr9,056.00 and kr8,864.00.
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 kr727.00 between high and low, or 7.45%. For the last week, the stock has had daily average volatility of 3.33%.
Our recommended stop-loss: kr9,919.87 (-3.97%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (MAERSK-B.CO) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect A.P. Møller - Mærsk A/S to open at kr10,191.00, and during the day (based on 14 day Average True Range), to move between kr9,994.82 and kr10,665.18, which gives a possible trading interval of +/-kr335.18 (+/-3.24%) up or down from last closing price. If A.P. Møller - Mærsk A/S takes out the full calculated possible swing range there will be an estimated 6.49% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr10,485.00 (1.50%) than the support at kr9,746.00 (5.65%), 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.
Earnings coming up
A.P. Møller - Mærsk A/S will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $8,986.37. We will update the financials statements for A.P. Møller - Mærsk A/S, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 7.81% in the first trading day after earnings release.
Is A.P. Møller - Mærsk A/S stock A Buy?
A.P. Møller - Mærsk A/S 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 A.P. Møller - Mærsk A/S of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr10,191.00 ( 1.35%) | kr10,330.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MAERSK-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,918.00 | 5.69 % | |
| R2 | 10,640.29 | 3.00 % | ||
| R1 | 10,468.71 | 1.34 % | ||
| Current price: | 10,330.00 | |||
| Support | S1 | 9,913.29 | -4.03 % | |
| S2 | 9,741.71 | -5.69 % | ||
| S3 | 9,464.00 | -8.38 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 10,975.00 | 6.24 % | |
| R2 | 10,905.00 | 5.57 % | ||
| R1 | 10,485.00 | 1.50 % | ||
| Current price | 10,330.00 | |||
| Support | S1 | 9,746.00 | -5.65% | |
| S2 | 9,056.00 | -12.33% | ||
| S3 | 8,864.00 | -14.19% |
MAERSK-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 19, 2024 | kr515.00 | 5.82% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | kr2,300.00 | 19.43% |
| 3 | Mar 16, 2022 | Mar 16, 2022 | Mar 16, 2022 | kr2,500.00 | 11.24% |
| 4 | Mar 24, 2021 | Mar 24, 2021 | Mar 24, 2021 | kr330.00 | 2.42% |
| 5 | Mar 24, 2020 | Mar 24, 2020 | Mar 24, 2020 | kr150.00 | 2.72% |
FAQ
Click here for our free guide on how to buy A.P. Møller - Mærsk A/S Stock.
