Peab AB (publ) Stock Forecast
Red day on Wednesday for Peab AB (publ) stock after losing 1.68%
(Updated on May 08, 2024)
The Peab AB (publ) stock price fell by -1.68% on the last day (Wednesday, 8th May 2024) from kr68.55 to kr67.40. During the last trading day the stock fluctuated 2.01% from a day low at kr67.15 to a day high of kr68.50. The price has risen in 6 of the last 10 days and is up by 6.48% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -267 thousand shares and in total, 334 thousand shares were bought and sold for approximately kr22.49 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 20.37% during the next 3 months and, with a 90% probability hold a price between kr75.67 and kr84.31 at the end of this 3-month period.
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PEAB-B.ST Signals & Forecast
The Peab AB (publ) 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 kr68.14. On a fall, the stock will find some support from the long-term average at approximately kr64.34. 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 Monday, May 06, 2024, and so far it has fallen -3.23%. Further fall is indicated until a new bottom pivot has been found. 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 Peab AB (publ) stock
Peab AB (publ) finds support from accumulated volume at kr65.00 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 kr1.35 between high and low, or 2.01%. For the last week, the stock has had daily average volatility of 3.40%.
Our recommended stop-loss: kr64.24 (-4.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (PEAB-B.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect Peab AB (publ) to open at kr67.68, and during the day (based on 14 day Average True Range), to move between kr65.38 and kr69.42, which gives a possible trading interval of +/-kr2.02 (+/-3.00%) up or down from last closing price. If Peab AB (publ) takes out the full calculated possible swing range there will be an estimated 6.01% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr68.55 (1.71%) than the support at kr65.00 (3.56%), 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 Peab AB (publ) 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 Peab AB (publ) stock to perform well in the short-term.
Current score: 1.135 Buy Candidate Unchanged
Predicted Opening Price for Peab AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr67.68 ( 0.420%) | kr67.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEAB-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.03 | 2.42 % | |
| R2 | 68.52 | 1.66 % | ||
| R1 | 68.20 | 1.19 % | ||
| Current price: | 67.40 | |||
| Support | S1 | 67.17 | -0.345 % | |
| S2 | 66.85 | -0.82 % | ||
| S3 | 66.33 | -1.58 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 69.65 | 3.34 % | |
| R2 | 68.60 | 1.78 % | ||
| R1 | 68.55 | 1.71 % | ||
| Current price | 67.40 | |||
| Support | S1 | 65.00 | -3.56% | |
| S2 | 59.15 | -12.24% | ||
| S3 | 57.75 | -14.32% |
PEAB-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr1.50 | 2.23% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr4.00 | 7.99% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr5.00 | 6.94% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr4.50 | 3.85% |
| 5 | May 10, 2019 | May 10, 2019 | May 10, 2019 | kr4.20 | 5.22% |
FAQ
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