Prevas AB Stock Forecast
Prevas AB stock price ended at kr141.20 on Friday, after gaining 1.00%.
(Updated on May 31, 2024)
The Prevas AB stock price gained 1.00% on the last trading day (Friday, 31st May 2024), rising from kr139.80 to kr141.20. During the last trading day the stock fluctuated 3.06% from a day low at kr137.20 to a day high of kr141.40. The price has fallen in 6 of the last 10 days but is still up by 1.88% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 24 thousand shares were bought and sold for approximately kr3.33 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 18.30% during the next 3 months and, with a 90% probability hold a price between kr147.60 and kr179.46 at the end of this 3-month period.
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PREV-B.ST Signals & Forecast
The Prevas AB stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr137.54 and kr129.03. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Wednesday, May 15, 2024, and so far it has fallen -3.95%. 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 Prevas AB stock
On the downside, the stock finds support just below today's level from accumulated volume at kr121.00 and kr118.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Prevas AB finds support just below today's level at kr121.00. If this is broken, then the next support from accumulated volume will be at kr118.80 and kr116.00.
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 kr4.20 between high and low, or 3.06%. For the last week, the stock has had daily average volatility of 3.16%.
Our recommended stop-loss: kr134.52 (-4.73%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (PREV-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Prevas AB to open at kr139.93, and during the day (based on 14 day Average True Range), to move between kr136.77 and kr145.63, which gives a possible trading interval of +/-kr4.43 (+/-3.13%) up or down from last closing price. If Prevas AB takes out the full calculated possible swing range there will be an estimated 6.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr144.80 (2.55%) than the support at kr121.00 (14.31%), 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 Prevas AB 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 Prevas AB stock to perform well in the short-term.
Current score: 2.623 Buy Candidate Unchanged
Predicted Opening Price for Prevas AB of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr139.93 ( 0.90%) | kr141.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PREV-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 144.13 | 2.08 % | |
| R2 | 142.53 | 0.94 % | ||
| R1 | 141.54 | 0.239 % | ||
| Current price: | 141.20 | |||
| Support | S1 | 138.33 | -2.03 % | |
| S2 | 137.34 | -2.74 % | ||
| S3 | 135.73 | -3.87 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 147.00 | 4.11 % | ||
| R1 | 144.80 | 2.55 % | ||
| Current price | 141.20 | |||
| Support | S1 | 121.00 | -14.31% | |
| S2 | 118.80 | -15.86% | ||
| S3 | 116.00 | -17.85% |
PREV-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 16, 2024 | May 16, 2024 | May 22, 2024 | kr4.75 | 3.50% |
| 2 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr4.50 | 3.20% |
| 3 | May 19, 2022 | May 19, 2022 | May 19, 2022 | kr3.50 | 3.19% |
| 4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | kr2.00 | 2.50% |
| 5 | Apr 09, 2013 | Apr 09, 2013 | Apr 09, 2013 | kr0.300 | 1.61% |
FAQ
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