Micro Systemation AB (publ) Stock Forecast
Strong day for Micro Systemation AB (publ) stock price on Friday rising 5.09% to kr57.80
(Updated on May 17, 2024)
The Micro Systemation AB (publ) stock price gained 5.09% on the last trading day (Friday, 17th May 2024), rising from kr55.00 to kr57.80. During the last trading day the stock fluctuated 5.09% from a day low at kr55.00 to a day high of kr57.80. The price has risen in 6 of the last 10 days and is up by 8.24% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 7 thousand shares were bought and sold for approximately kr423.21 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies the upper part of a wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr59.33 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -2.17% during the next 3 months and, with a 90% probability hold a price between kr47.19 and kr58.05 at the end of this 3-month period.
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MSAB-B.ST Signals & Forecast
The Micro Systemation 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 kr57.23 and kr53.11. 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 Tuesday, May 14, 2024, and so far it has fallen -2.69%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Micro Systemation AB (publ) stock
Micro Systemation AB (publ) finds support from accumulated volume at kr57.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr2.80 between high and low, or 5.09%. For the last week the stock has had daily average volatility of 3.78%.
Our recommended stop-loss: kr55.48 (-4.02%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (MSAB-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Micro Systemation AB (publ) to open at kr56.87, and during the day (based on 14 day Average True Range), to move between kr55.81 and kr59.79, which gives a possible trading interval of +/-kr1.99 (+/-3.44%) up or down from last closing price. If Micro Systemation AB (publ) takes out the full calculated possible swing range there will be an estimated 6.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr57.60 (0.35%) than the resistance at kr58.00 (0.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Micro Systemation AB (publ) stock A Buy?
Micro Systemation 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.024 Hold/Accumulate Upgraded
Predicted Opening Price for Micro Systemation AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr56.87 ( 1.61%) | kr57.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSAB-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 59.67 | 3.23 % | |
| R2 | 58.60 | 1.38 % | ||
| R1 | 57.94 | 0.236 % | ||
| Current price: | 57.80 | |||
| Support | S1 | 55.80 | -3.47 % | |
| S2 | 55.14 | -4.61 % | ||
| S3 | 54.07 | -6.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 59.40 | 2.77 % | ||
| R1 | 58.00 | 0.346 % | ||
| Current price | 57.80 | |||
| Support | S1 | 57.60 | -0.346% | |
| S2 | 52.00 | -10.03% | ||
| S3 | 51.80 | -10.38% |
MSAB-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 14, 2024 | Nov 14, 2024 | Nov 20, 2024 | kr0.500 | 0.88% |
| 2 | May 15, 2024 | May 15, 2024 | May 15, 2024 | kr0 | 0% |
| 3 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr1.00 | 2.10% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | kr2.00 | 3.42% |
| 5 | May 14, 2020 | May 14, 2020 | May 14, 2020 | kr0.100 | 0.448% |
FAQ
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