Pandora A/S Stock Forecast
Pandora A/S stock downgraded from Buy Candidate to Hold/Accumulate after Tuesday trading session.
(Updated on May 14, 2024)
The Pandora A/S stock price fell by -2.75% on the last day (Tuesday, 14th May 2024) from kr1,162.00 to kr1,130.00. During the last trading day the stock fluctuated 2.98% from a day low at kr1,123.50 to a day high of kr1,157.00. The price has fallen in 6 of the last 10 days but is still up by 2.73% over the past 2 weeks. Volume has increased on the last day by 6 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 209 thousand shares were bought and sold for approximately kr235.69 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.33% during the next 3 months and, with a 90% probability hold a price between kr1,000.15 and kr1,110.85 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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PNDORA.CO Signals & Forecast
The Pandora A/S 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 kr1,131.29. On a fall, the stock will find some support from the long-term average at approximately kr1,104.01. 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 13, 2024, and so far it has fallen -2.75%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Pandora A/S stock
Pandora A/S finds support from accumulated volume at kr1,114.50 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 kr33.50 (2.98%) between high and low. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: kr1,085.40 (-3.95%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PNDORA.CO) For The Upcoming Trading Day Of Wednesday 15th
For the upcoming trading day on Wednesday, 15th we expect Pandora A/S to open at kr1,136.83, and during the day (based on 14 day Average True Range), to move between kr1,099.26 and kr1,160.74, which gives a possible trading interval of +/-kr30.74 (+/-2.72%) up or down from last closing price. If Pandora A/S takes out the full calculated possible swing range there will be an estimated 5.44% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr1,134.00 (0.35%) than the support at kr1,114.50 (1.37%), 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 Pandora A/S stock A Buy?
Pandora A/S 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.070 Hold/Accumulate Downgraded
Predicted Opening Price for Pandora A/S of Wednesday, May 15, 2024
| Fair opening price May 15, 2024 | Current price |
|---|---|
| kr1,136.83 ( 0.605%) | kr1,130.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNDORA.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,170.33 | 3.57 % | |
| R2 | 1,157.54 | 2.44 % | ||
| R1 | 1,149.63 | 1.74 % | ||
| Current price: | 1,130.00 | |||
| Support | S1 | 1,124.04 | -0.528 % | |
| S2 | 1,116.13 | -1.23 % | ||
| S3 | 1,103.33 | -2.36 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1,149.50 | 1.73 % | |
| R2 | 1,146.00 | 1.42 % | ||
| R1 | 1,134.00 | 0.354 % | ||
| Current price | 1,130.00 | |||
| Support | S1 | 1,114.50 | -1.37% | |
| S2 | 1,113.00 | -1.50% | ||
| S3 | 1,098.00 | -2.83% |
PNDORA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 15, 2024 | Mar 15, 2024 | Mar 19, 2024 | kr18.00 | 1.57% |
| 2 | Mar 17, 2023 | Mar 17, 2023 | Mar 17, 2023 | kr16.00 | 2.74% |
| 3 | Mar 11, 2022 | Mar 11, 2022 | Mar 11, 2022 | kr16.00 | 2.80% |
| 4 | Nov 15, 2021 | Nov 15, 2021 | Nov 15, 2021 | kr5.00 | 0.530% |
| 5 | Aug 27, 2021 | Aug 27, 2021 | Aug 27, 2021 | kr5.00 | 0.657% |
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