ProfilGruppen AB (publ) Stock Forecast
ProfilGruppen AB (publ) stock price down 0% on Friday
(Updated on May 17, 2024)
No changes to the price of ProfilGruppen AB (publ) stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 2.49% from a day low at kr120.50 to a day high of kr123.50. The price has fallen in 4 of the last 10 days but is still up by 1.24% over the past 2 weeks.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr120.08 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 9.12% during the next 3 months and, with a 90% probability hold a price between kr131.02 and kr160.31 at the end of this 3-month period.
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PROF-B.ST Signals & Forecast
Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 kr123.07 and kr129.40. 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 -14.08%. 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 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr3.00 between high and low, or 2.49%. For the last week, the stock has had daily average volatility of 2.79%.
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 20th
For the upcoming trading day on Monday, 20th we expect ProfilGruppen AB (publ) to open at kr122.00, and during the day (based on 14 day Average True Range), to move between kr116.58 and kr127.42, which gives a possible trading interval of +/-kr5.42 (+/-4.44%) up or down from last closing price. If ProfilGruppen AB (publ) takes out the full calculated possible swing range there will be an estimated 8.88% 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 (0.82%) than the resistance at kr125.00 (2.46%), 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: -3.850 Sell Candidate Unchanged
Predicted Opening Price for ProfilGruppen AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr122.00 ( 0%) | kr122.00 |
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 | 125.00 | 2.46 % | |
| R2 | 123.85 | 1.52 % | ||
| R1 | 123.15 | 0.94 % | ||
| Current price: | 122.00 | |||
| Support | S1 | 120.85 | -0.94 % | |
| S2 | 120.15 | -1.52 % | ||
| S3 | 119.00 | -2.46 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 140.00 | 14.75 % | |
| R2 | 136.00 | 11.48 % | ||
| R1 | 125.00 | 2.46 % | ||
| Current price | 122.00 | |||
| Support | S1 | 121.00 | -0.82% | |
| S2 | 116.80 | -4.26% | ||
| S3 | 115.20 | -5.57% |
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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