OEM International AB (publ) Stock Forecast
OEM International AB (publ) stock price ended at kr97.60 on Friday, after losing 0%.
(Updated on Apr 19, 2024)
No changes to the price of OEM International AB (publ) stock on the last trading day (Friday, 19th Apr 2024). During the last trading day the stock fluctuated 1.87% from a day low at kr96.20 to a day high of kr98.00. The price has fallen in 5 of the last 10 days and is down by -4.31% for this period.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr96.80 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 2.67% during the next 3 months and, with a 90% probability hold a price between kr99.39 and kr111.04 at the end of this 3-month period.
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OEM-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The OEM International AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr99.86 and kr100.27. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
Support, Risk & Stop-loss for OEM International AB (publ) stock
OEM International AB (publ) finds support from accumulated volume at kr96.50 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 kr1.80 (1.87%) between high and low. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: kr91.35 (-6.40%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 1 day ago.)
Trading Expectations (OEM-B.ST) For The Upcoming Trading Day Of Monday 22nd
For the upcoming trading day on Monday, 22nd we expect OEM International AB (publ) to open at kr97.27, and during the day (based on 14 day Average True Range), to move between kr94.75 and kr100.45, which gives a possible trading interval of +/-kr2.85 (+/-2.92%) up or down from last closing price. If OEM International AB (publ) takes out the full calculated possible swing range there will be an estimated 5.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr96.50 (1.13%) than the resistance at kr99.20 (1.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is OEM International AB (publ) stock A Buy?
OEM International AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: -0.512 Hold/Accumulate Unchanged
Predicted Opening Price for OEM International AB (publ) of Monday, April 22, 2024
| Fair opening price April 22, 2024 | Current price |
|---|---|
| kr97.27 ( 0.342%) | kr97.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for OEM-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 99.07 | 1.50 % | |
| R2 | 98.38 | 0.798 % | ||
| R1 | 97.95 | 0.363 % | ||
| Current price: | 97.60 | |||
| Support | S1 | 96.58 | -1.05 % | |
| S2 | 96.15 | -1.48 % | ||
| S3 | 95.47 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 103.80 | 6.35 % | |
| R2 | 100.40 | 2.87 % | ||
| R1 | 99.20 | 1.64 % | ||
| Current price | 97.60 | |||
| Support | S1 | 96.50 | -1.13% | |
| S2 | 95.30 | -2.36% | ||
| S3 | 95.20 | -2.46% |
OEM-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | kr1.75 | 1.79% |
| 2 | Apr 19, 2023 | Apr 19, 2023 | Apr 25, 2023 | kr1.50 | 1.55% |
| 3 | May 25, 2022 | May 25, 2022 | May 25, 2022 | kr3.25 | 4.64% |
| 4 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr1.38 | 0.90% |
| 5 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | kr1.25 | 0.96% |
FAQ
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