MIPS AB (publ) Stock Forecast
Green day on Friday for MIPS AB (publ) stock after gaining 0.85%
(Updated on May 31, 2024)
The MIPS AB (publ) stock price gained 0.85% on the last trading day (Friday, 31st May 2024), rising from kr424.00 to kr427.60. During the last trading day the stock fluctuated 3.30% from a day low at kr418.00 to a day high of kr431.80. The price has risen in 6 of the last 10 days and is up by 2.25% 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, 165 thousand more shares were traded than the day before. In total, 189 thousand shares were bought and sold for approximately kr80.65 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 43.52% during the next 3 months and, with a 90% probability hold a price between kr567.11 and kr649.12 at the end of this 3-month period.
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MIPS.ST Signals & Forecast
The MIPS AB (publ) 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 kr423.00 and kr390.22. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -1.47%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for MIPS AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr365.80 and kr365.00. 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, MIPS AB (publ) finds support just below today's level at kr365.80. If this is broken, then the next support from accumulated volume will be at kr365.00 and kr347.00.
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 kr13.80 between high and low, or 3.30%. For the last week, the stock has had daily average volatility of 4.20%.
Our recommended stop-loss: kr406.99 (-4.82%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 58 days ago.)
Trading Expectations (MIPS.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect MIPS AB (publ) to open at kr425.80, and during the day (based on 14 day Average True Range), to move between kr409.74 and kr445.46, which gives a possible trading interval of +/-kr17.86 (+/-4.18%) up or down from last closing price. If MIPS AB (publ) takes out the full calculated possible swing range there will be an estimated 8.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr428.00 (0.09%) than the support at kr365.80 (14.45%), 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 MIPS AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for MIPS AB (publ) stock to perform well in the short-term.
Current score: 2.886 Buy Candidate Unchanged
Predicted Opening Price for MIPS AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr425.80 ( 0.421%) | kr427.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MIPS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 439.60 | 2.81 % | |
| R2 | 434.33 | 1.57 % | ||
| R1 | 431.07 | 0.81 % | ||
| Current price: | 427.60 | |||
| Support | S1 | 420.53 | -1.65 % | |
| S2 | 417.27 | -2.42 % | ||
| S3 | 412.00 | -3.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 434.00 | 1.50 % | |
| R2 | 429.20 | 0.374 % | ||
| R1 | 428.00 | 0.0935 % | ||
| Current price | 427.60 | |||
| Support | S1 | 365.80 | -14.45% | |
| S2 | 365.00 | -14.64% | ||
| S3 | 347.00 | -18.85% |
MIPS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr6.00 | 1.46% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | kr5.50 | 1.05% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr5.00 | 0.85% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr3.50 | 0.523% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr3.00 | 1.18% |
FAQ
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