Moment Group AB Stock Forecast

Moment Group AB stock price ended at kr11.35 on Friday, after losing 0%.
(Updated on May 17, 2024)

MOMENT.ST Signals & Forecast

The Moment Group AB 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 kr10.96 and kr10.69. 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). Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Thursday, April 04, 2024, and so far it has fallen -2.16%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for Moment Group AB stock

Moment Group AB finds support from accumulated volume at kr11.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.700 (6.33%) between high and low. For the last week, the stock has had daily average volatility of 5.17%.

Our recommended stop-loss: kr10.90 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 29 days ago.)

Trading Expectations (MOMENT.ST) For The Upcoming Trading Day Of Monday 20th

For the upcoming trading day on Monday, 20th we expect Moment Group AB to open at kr11.38, and during the day (based on 14 day Average True Range), to move between kr10.70 and kr12.00, which gives a possible trading interval of +/-kr0.655 (+/-5.77%) up or down from last closing price. If Moment Group AB takes out the full calculated possible swing range there will be an estimated 11.54% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr11.60 (2.20%) than the support at kr11.00 (3.08%), 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 Moment Group AB stock A Buy?

Moment Group AB 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: -0.558 Hold/Accumulate Unchanged

Predicted Opening Price for Moment Group AB of Monday, May 20, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.