ProfilGruppen AB (publ) Stock Forecast
Green day on Friday for ProfilGruppen AB (publ)
(Updated on May 03, 2024)
The ProfilGruppen AB (publ) stock price gained 1.66% on the last trading day (Friday, 3rd May 2024), rising from kr120.50 to kr122.50. During the last trading day the stock fluctuated 3.73% from a day low at kr120.50 to a day high of kr125.00. The price has fallen in 6 of the last 10 days and is down by -9.93% for this period. Volume fell on the last day by -265 shares and in total, 2 thousand shares were bought and sold for approximately kr275.26 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr121.03 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 27.48% during the next 3 months and, with a 90% probability hold a price between kr154.29 and kr191.16 at the end of this 3-month period.
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PROF-B.ST Signals & Forecast
There are few to no technical positive signals at the moment. The ProfilGruppen AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr125.21 and kr130.24. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -13.73%. 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). 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 ProfilGruppen AB (publ) stock
ProfilGruppen AB (publ) finds support from accumulated volume at kr121.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr4.50 between high and low, or 3.73%. For the last week the stock has had daily average volatility of 7.79%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PROF-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect ProfilGruppen AB (publ) to open at kr122.67, and during the day (based on 14 day Average True Range), to move between kr115.33 and kr129.67, which gives a possible trading interval of +/-kr7.17 (+/-5.85%) up or down from last closing price. If ProfilGruppen AB (publ) takes out the full calculated possible swing range there will be an estimated 11.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr121.00 (1.22%) than the resistance at kr125.00 (2.04%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is ProfilGruppen AB (publ) stock A Buy?
The ProfilGruppen AB (publ) stock holds several negative signals and despite the positive trend, we believe ProfilGruppen AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -3.677 Sell Candidate Unchanged
Predicted Opening Price for ProfilGruppen AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr122.67 ( 0.136%) | kr122.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PROF-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 127.17 | 3.81 % | |
| R2 | 125.45 | 2.41 % | ||
| R1 | 124.39 | 1.54 % | ||
| Current price: | 122.50 | |||
| Support | S1 | 120.95 | -1.27 % | |
| S2 | 119.89 | -2.13 % | ||
| S3 | 118.17 | -3.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.00 | 14.29 % | |
| R2 | 136.00 | 11.02 % | ||
| R1 | 125.00 | 2.04 % | ||
| Current price | 122.50 | |||
| Support | S1 | 121.00 | -1.22% | |
| S2 | 107.80 | -12.00% | ||
| S3 | 105.00 | -14.29% |
PROF-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | Apr 30, 2024 | kr5.00 | 4.05% |
| 2 | Apr 19, 2023 | Apr 19, 2023 | Apr 25, 2023 | kr4.00 | 3.77% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr5.00 | 2.87% |
| 4 | Apr 22, 2020 | Apr 22, 2020 | Apr 22, 2020 | kr5.00 | 7.74% |
| 5 | Apr 17, 2019 | Apr 17, 2019 | Apr 17, 2019 | kr5.00 | 4.17% |
FAQ
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