Ratos AB (publ) Stock Forecast
Stronger technical forecast for Ratos AB (publ) stock price after Tuesday trading.
(Updated on Jul 02, 2024)
The Ratos AB (publ) stock price fell by -0.602% on the last day (Tuesday, 2nd Jul 2024) from kr36.56 to kr36.34. During the last trading day the stock fluctuated 1.55% from a day low at kr36.14 to a day high of kr36.70. The price has fallen in 6 of the last 10 days and is down by -3.4% for this period. 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 -58 thousand shares and in total, 124 thousand shares were bought and sold for approximately kr4.50 million.
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 kr36.19 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 10.03% during the next 3 months and, with a 90% probability hold a price between kr39.82 and kr46.58 at the end of this 3-month period.
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RATO-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 0.776%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Ratos 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 kr36.75 and kr38.56. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Ratos AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr34.50 and kr34.36. 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, Ratos AB (publ) finds support just below today's level at kr34.50. If this is broken, then the next support from accumulated volume will be at kr34.36 and kr34.26.
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 kr0.560 between high and low, or 1.55%. For the last week, the stock has had daily average volatility of 1.97%.
Our recommended stop-loss: kr34.10 (-6.16%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 25 days ago.)
Trading Expectations (RATO-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Ratos AB (publ) to open at kr36.39, and during the day (based on 14 day Average True Range), to move between kr35.50 and kr37.18, which gives a possible trading interval of +/-kr0.84 (+/-2.32%) up or down from last closing price. If Ratos AB (publ) takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr34.50 (5.06%) than the resistance at kr38.30 (5.39%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ratos AB (publ) stock A Buy?
Ratos AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.796 Hold/Accumulate Upgraded
Predicted Opening Price for Ratos AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr36.39 ( 0.147%) | kr36.34 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RATO-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.95 | 1.69% |
| R2 | 36.74 | 1.10% |
| R1 | 36.61 | 0.735% |
| Price | 36.34 | |
| S1 | 36.18 | -0.442% |
| S2 | 36.05 | -0.81% |
| S3 | 35.83 | -1.39% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 38.62 | 6.27% |
| R2 | 38.60 | 6.22% |
| R1 | 38.30 | 5.39% |
| Price | 36.34 | |
| S1 | 34.50 | -5.06% |
| S2 | 34.36 | -5.45% |
| S3 | 34.26 | -5.72% |
RATO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 04, 2024 | kr1.25 | 3.61% |
| 2 | Mar 29, 2023 | Mar 29, 2023 | Mar 29, 2023 | kr0.84 | 2.70% |
| 3 | Mar 23, 2022 | Mar 23, 2022 | Mar 23, 2022 | kr1.20 | 2.47% |
| 4 | Mar 11, 2021 | Mar 11, 2021 | Mar 11, 2021 | kr0.95 | 2.01% |
| 5 | Oct 23, 2020 | Oct 23, 2020 | Oct 23, 2020 | kr0.650 | 1.81% |
FAQ
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