Moment Group AB Stock Forecast

Weaker technical forecast for Moment Group AB as stock downgraded to Hold/Accumulate.
(Updated on May 31, 2024)

MOMENT.ST Signals & Forecast

The Moment Group AB stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr11.46. On a fall, the stock will find some support from the long-term average at approximately kr10.87. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Tuesday, May 28, 2024, and so far it has fallen -2.58%. Further fall is indicated until a new bottom pivot has been found. Moment Group AB gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".

Sell

Special Signal Notification

Double Top Formation

A sell signal from a double top formation was found on Tuesday, May 28, 2024 and based on theory for this formation the price should fall by -20.51% to kr9.02 within 36 trading days since signal was issued (Monday, June 03, 2024).

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 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 kr0.200 between high and low, or 1.76%. For the last week, the stock has had daily average volatility of 3.78%.

Our recommended stop-loss: kr10.94 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 6 days ago.)

Trading Expectations (MOMENT.ST) For The Upcoming Trading Day Of Monday 3rd

For the upcoming trading day on Monday, 3rd we expect Moment Group AB to open at kr11.42, and during the day (based on 14 day Average True Range), to move between kr10.78 and kr11.92, which gives a possible trading interval of +/-kr0.567 (+/-5.00%) up or down from last closing price. If Moment Group AB takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr11.40 (0.44%) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.928 Hold/Accumulate Downgraded

Predicted Opening Price for Moment Group AB of Monday, June 3, 2024

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