A.P. Møller - Mærsk A/S Stock Forecast
A.P. Møller - Mærsk A/S stock upgraded from Buy Candidate to Strong Buy Candidate after Wednesday trading session.
(Updated on Jul 03, 2024)
The A.P. Møller - Mærsk A/S stock price gained 3.75% on the last trading day (Wednesday, 3rd Jul 2024), rising from kr12,650.00 to kr13,125.00. During the last trading day the stock fluctuated 3.27% from a day low at kr12,855.00 to a day high of kr13,275.00. The price has risen in 6 of the last 10 days and is up by 13.73% 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, 13 thousand more shares were traded than the day before. In total, 37 thousand shares were bought and sold for approximately kr481.46 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 32.58% during the next 3 months and, with a 90% probability hold a price between kr15,597.88 and kr18,288.03 at the end of this 3-month period.
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MAERSK-B.CO Signals & Forecast
Mostly positive signals in the chart today. 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 kr12,355.00 and kr11,914.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 15.13%. 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 kr12,465.00 and kr11,420.00. 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 kr12,465.00. If this is broken, then the next support from accumulated volume will be at kr11,420.00 and kr11,240.00.
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 kr420.00 between high and low, or 3.27%. For the last week, the stock has had daily average volatility of 3.59%.
Our recommended stop-loss: kr12,524.91 (-4.57%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (MAERSK-B.CO) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect A.P. Møller - Mærsk A/S to open at kr13,085.00, and during the day (based on 14 day Average True Range), to move between kr12,683.00 and kr13,567.00, which gives a possible trading interval of +/-kr442.00 (+/-3.37%) 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 6.74% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr12,465.00, some kr660.00 (5.03%) from the current price of kr13,125.00, our system finds the risk reward attractive.
Is A.P. Møller - Mærsk A/S stock A Buy?
A.P. Møller - Mærsk A/S holds several positive signals and is within a strong 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 Buy to a Strong Buy candidate.
Current score: 5.898 Strong Buy Candidate Upgraded
Predicted Opening Price for A.P. Møller - Mærsk A/S of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| kr13,085.00 ( 0.305%) | kr13,125.00 |
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 | |
|---|---|---|
| R3 | 13,505.00 | 2.90% |
| R2 | 13,344.56 | 1.67% |
| R1 | 13,245.44 | 0.92% |
| Price | 13,125.00 | |
| S1 | 12,924.56 | -1.53% |
| S2 | 12,825.44 | -2.28% |
| S3 | 12,665.00 | -3.50% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 13,125.00 | |
| S1 | 12,465.00 | -5.03% |
| S2 | 11,420.00 | -12.99% |
| S3 | 11,240.00 | -14.36% |
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
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