Probi AB (publ) Stock Forecast
Probi AB (publ) stock upgraded to Buy Candidate.
(Updated on Jun 26, 2024)
The Probi AB (publ) stock price fell by -4.61% on the last day (Wednesday, 26th Jun 2024) from kr304.00 to kr290.00. During the last trading day the stock fluctuated 5.56% from a day low at kr288.00 to a day high of kr304.00. The price has risen in 7 of the last 10 days and is up by 33.03% 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 -3 thousand shares and in total, 570 shares were bought and sold for approximately kr165.30 thousand.
The stock lies in the upper part of a very wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr304.62 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 13.62% during the next 3 months and, with a 90% probability hold a price between kr244.24 and kr346.12 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
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 kr262.29 and kr222.17. A breakdown below any of these levels will issue sell signals. 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 Tuesday, June 25, 2024, and so far it has fallen -4.61%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
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 kr248.00 and kr235.00. 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 kr248.00. If this is broken, then the next support from accumulated volume will be at kr235.00 and kr222.00.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr16.00 between high and low, or 5.56%. For the last week the stock has had daily average volatility of 9.53%.
The Probi AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr276.93 (-4.51%) (This stock has high daily movements and this gives high risk. The RSI14 is 80 and this increases the risk substantially. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (PROB.ST) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Probi AB (publ) to open at kr294.00, and during the day (based on 14 day Average True Range), to move between kr275.51 and kr304.49, which gives a possible trading interval of +/-kr14.49 (+/-5.00%) up or down from last closing price. If Probi AB (publ) takes out the full calculated possible swing range there will be an estimated 9.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr304.00 (4.83%) than the support at kr248.00 (14.48%), 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 Probi 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 Probi AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.543 Buy Candidate Upgraded
Predicted Opening Price for Probi AB (publ) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr294.00 ( 1.38%) | kr290.00 |
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 | 310.00 | 6.90% |
| R2 | 303.89 | 4.79% |
| R1 | 300.11 | 3.49% |
| Price | 290.00 | |
| S1 | 287.89 | -0.728% |
| S2 | 284.11 | -2.03% |
| S3 | 278.00 | -4.14% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 304.00 | 4.83% |
| Price | 290.00 | |
| S1 | 248.00 | -14.48% |
| S2 | 235.00 | -18.97% |
| S3 | 222.00 | -23.45% |
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
Click here for our free guide on how to buy Probi AB (publ) Stock.
