Projektengagemang Sweden AB (publ) Stock Forecast
Red day on Wednesday for Projektengagemang Sweden AB (publ)
(Updated on Jun 05, 2024)
No changes to the price of Projektengagemang Sweden AB (publ) stock on the last trading day (Wednesday, 5th Jun 2024). During the last trading day the stock fluctuated 1.55% from a day low at kr12.90 to a day high of kr13.10. The price has risen in 5 of the last 10 days and is up by 7.5% over the past 2 weeks.
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 63.15% during the next 3 months and, with a 90% probability hold a price between kr19.81 and kr22.35 at the end of this 3-month period.
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PENG-B.ST Signals & Forecast
The Projektengagemang Sweden 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 kr12.91. On a fall, the stock will find some support from the long-term average at approximately kr11.76. 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. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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 Thursday, May 30, 2024, and so far it has fallen -3.37%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Projektengagemang Sweden AB (publ) stock
Projektengagemang Sweden AB (publ) finds support from accumulated volume at kr12.85 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 1.55%. For the last week, the stock has had daily average volatility of 9.27%.
Our recommended stop-loss: kr12.34 (-4.31%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)
Trading Expectations (PENG-B.ST) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Projektengagemang Sweden AB (publ) to open at kr12.97, and during the day (based on 14 day Average True Range), to move between kr12.20 and kr13.60, which gives a possible trading interval of +/-kr0.696 (+/-5.39%) up or down from last closing price. If Projektengagemang Sweden AB (publ) takes out the full calculated possible swing range there will be an estimated 10.79% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr12.85 (0.39%) than the resistance at kr13.10 (1.55%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Projektengagemang Sweden 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 Projektengagemang Sweden AB (publ) stock to perform well in the short-term.
Current score: 2.663 Buy Candidate Unchanged
Predicted Opening Price for Projektengagemang Sweden AB (publ) of Friday, June 7, 2024
Fair opening price June 7, 2024 | Current price |
---|---|
kr12.97 ( 0.517%) | kr12.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PENG-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 13.17 | 2.07% |
R2 | 13.09 | 1.47% |
R1 | 13.04 | 1.11% |
Price | 12.90 | |
S1 | 12.89 | -0.0755% |
S2 | 12.84 | -0.441% |
S3 | 12.77 | -1.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 13.35 | 3.49% |
R1 | 13.10 | 1.55% |
Price | 12.90 | |
S1 | 12.85 | -0.388% |
S2 | 12.50 | -3.10% |
S3 | 12.45 | -3.49% |
PENG-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr0.400 | 3.03% |
2 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr0.400 | 2.11% |
3 | May 22, 2019 | May 22, 2019 | May 22, 2019 | kr1.00 | 3.83% |
4 | May 21, 2019 | May 21, 2019 | May 21, 2019 | kr1.00 | 3.77% |
FAQ
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