Moberg Pharma AB (publ) Stock Forecast
Big movements in Moberg Pharma AB (publ) stock price on Tuesday moving 21.86% between high and low
(Updated on Jun 25, 2024)
The Moberg Pharma AB (publ) stock price fell by -8.80% on the last day (Tuesday, 25th Jun 2024) from kr32.94 to kr30.04. During the last trading day the stock fluctuated 21.86% from a day low at kr27.54 to a day high of kr33.56. The price has been going up and down for this period, and there has been a 19.02% gain for the last 2 weeks. Volume has increased on the last day by 559 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately kr41.97 million.
The stock lies in the middle of a very 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 -16.70% during the next 3 months and, with a 90% probability hold a price between kr17.77 and kr29.15 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.
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MOB.ST Signals & Forecast
The Moberg Pharma 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 kr28.28 and kr27.67. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -8.80%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Moberg Pharma AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr27.86 and kr27.56. 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, Moberg Pharma AB (publ) finds support just below today's level at kr27.86. If this is broken, then the next support from accumulated volume will be at kr27.56 and kr25.20.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr6.02 between high and low, or 21.86%. For the last week, the stock has had daily average volatility of 13.83%.
Our recommended stop-loss: kr28.94 (-3.66%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (MOB.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Moberg Pharma AB (publ) to open at kr30.38, and during the day (based on 14 day Average True Range), to move between kr27.17 and kr32.91, which gives a possible trading interval of +/-kr2.87 (+/-9.56%) up or down from last closing price. If Moberg Pharma AB (publ) takes out the full calculated possible swing range there will be an estimated 19.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr27.86 (7.26%) than the resistance at kr34.30 (14.18%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moberg Pharma AB (publ) stock A Buy?
Moberg Pharma AB (publ) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Hold/Accumulate candidate.
Current score: 0.944 Hold/Accumulate Downgraded
Predicted Opening Price for Moberg Pharma AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr30.38 ( 1.13%) | kr30.04 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.40 | 21.17% |
| R2 | 34.10 | 13.52% |
| R1 | 32.68 | 8.79% |
| Price | 30.04 | |
| S1 | 28.08 | -6.52% |
| S2 | 26.66 | -11.25% |
| S3 | 24.36 | -18.91% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.64 | 18.64% |
| R2 | 34.34 | 14.31% |
| R1 | 34.30 | 14.18% |
| Price | 30.04 | |
| S1 | 27.86 | -7.26% |
| S2 | 27.56 | -8.26% |
| S3 | 25.20 | -16.11% |
MOB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 04, 2019 | Nov 04, 2019 | Nov 04, 2019 | kr46.50 | 21.04% |
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