Probi AB (publ) Stock Forecast
Probi AB (publ) stock price up 0.81% on Thursday
(Updated on Jun 20, 2024)
The Probi AB (publ) stock price gained 0.81% on the last trading day (Thursday, 20th Jun 2024), rising from kr248.00 to kr250.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 6.05% from a day low at kr248.00 to a day high of kr263.00. The price has risen in 7 of the last 10 days and is up by 15.74% over the past 2 weeks. Volume fell on the last day by -510 shares and in total, 902 shares were bought and sold for approximately kr225.50 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the wide and weak rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr236.56, a level that may pose a second chance to hit a runner. According to fan-theory kr261.62 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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PROB.ST Signals & Forecast
The Probi AB (publ) 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 kr228.14 and kr214.57. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 19.05%. 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. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Probi AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr208.00 and kr207.00. 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, Probi AB (publ) finds support just below today's level at kr208.00. If this is broken, then the next support from accumulated volume will be at kr207.00 and kr205.00.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr15.00 between high and low, or 6.05%. For the last week the stock has had daily average volatility of 6.75%.
Our recommended stop-loss: kr241.06 (-3.58%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (PROB.ST) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Probi AB (publ) to open at kr253.67, and during the day (based on 14 day Average True Range), to move between kr239.20 and kr260.80, which gives a possible trading interval of +/-kr10.80 (+/-4.32%) up or down from last closing price. If Probi AB (publ) takes out the full calculated possible swing range there will be an estimated 8.64% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr208.00, some kr42.00 (16.80%) from the current price of kr250.00, our system finds the risk reward attractive.
Is Probi AB (publ) stock A Buy?
Probi AB (publ) 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Probi AB (publ) of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr253.67 ( 1.47%) | kr250.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PROB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 268.67 | 7.47% |
| R2 | 262.94 | 5.17% |
| R1 | 259.40 | 3.76% |
| Price | 250.00 | |
| S1 | 247.94 | -0.83% |
| S2 | 244.40 | -2.24% |
| S3 | 238.67 | -4.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 250.00 | |
| S1 | 208.00 | -16.80% |
| S2 | 207.00 | -17.20% |
| S3 | 205.00 | -18.00% |
PROB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr1.30 | 0.619% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr1.30 | 0.699% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr1.30 | 0.466% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | kr1.10 | 0.239% |
| 5 | May 14, 2020 | May 14, 2020 | May 14, 2020 | kr1.00 | 0.401% |
FAQ
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