Per Aarsleff Holding A/S Stock Forecast

Per Aarsleff Holding A/S stock price down 0.152% on Wednesday
(Updated on May 08, 2024)

PAAL-B.CO Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, April 18, 2024, and so far it has risen 3.94%. Further rise is indicated until a new top pivot has been found. 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. The Per Aarsleff Holding A/S stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr331.80. On a fall, the stock will find some support from the short-term average at kr326.57. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.

Support, Risk & Stop-loss for Per Aarsleff Holding A/S stock

Per Aarsleff Holding A/S finds support from accumulated volume at kr328.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr3.50 between high and low, or 1.07%. For the last week the stock has had daily average volatility of 1.61%.

Our recommended stop-loss: kr312.41 (-5.19%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 14 days ago.)

Trading Expectations (PAAL-B.CO) For The Upcoming Trading Day Of Monday 13th

For the upcoming trading day on Monday, 13th we expect Per Aarsleff Holding A/S to open at kr330.00, and during the day (based on 14 day Average True Range), to move between kr323.88 and kr335.12, which gives a possible trading interval of +/-kr5.62 (+/-1.70%) up or down from last closing price. If Per Aarsleff Holding A/S takes out the full calculated possible swing range there will be an estimated 3.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr328.50 (0.30%) than the resistance at kr332.50 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Per Aarsleff Holding A/S stock A Buy?

Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Per Aarsleff Holding A/S stock to perform well in the short-term.

Current score: 2.971 Buy Candidate Unchanged

Predicted Opening Price for Per Aarsleff Holding A/S of Monday, May 13, 2024

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