RaySearch Laboratories AB (publ) Stock Forecast
Evaluation of RaySearch Laboratories AB (publ) stock downgraded after the last trading session.
(Updated on May 21, 2024)
The RaySearch Laboratories AB (publ) stock price fell by -0.137% on the last day (Tuesday, 21st May 2024) from kr146.20 to kr146.00. During the last trading day the stock fluctuated 4.04% from a day low at kr143.40 to a day high of kr149.20. The price has risen in 6 of the last 10 days and is up by 18.51% 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 -104 thousand shares and in total, 66 thousand shares were bought and sold for approximately kr9.60 million.
The stock lies in the upper part of a 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 kr146.79 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 31.23% during the next 3 months and, with a 90% probability hold a price between kr158.17 and kr192.63 at the end of this 3-month period.
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RAY-B.ST Signals & Forecast
The RaySearch Laboratories 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 kr135.49 and kr122.50. 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 Monday, May 20, 2024, and so far it has fallen -0.137%. Further fall is indicated until a new bottom pivot has been found. 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 RaySearch Laboratories AB (publ) stock
RaySearch Laboratories AB (publ) finds support from accumulated volume at kr140.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr5.80 between high and low, or 4.04%. For the last week, the stock has had daily average volatility of 6.66%.
Our recommended stop-loss: kr140.83 (-3.54%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (RAY-B.ST) For The Upcoming Trading Day Of Wednesday 22nd
For the upcoming trading day on Wednesday, 22nd we expect RaySearch Laboratories AB (publ) to open at kr146.20, and during the day (based on 14 day Average True Range), to move between kr139.80 and kr152.20, which gives a possible trading interval of +/-kr6.20 (+/-4.25%) up or down from last closing price. If RaySearch Laboratories AB (publ) takes out the full calculated possible swing range there will be an estimated 8.50% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr146.20 (0.14%) than the support at kr140.00 (4.11%), 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 RaySearch Laboratories 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 RaySearch Laboratories AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.954 Buy Candidate Downgraded
Predicted Opening Price for RaySearch Laboratories AB (publ) of Wednesday, May 22, 2024
| Fair opening price May 22, 2024 | Current price |
|---|---|
| kr146.20 ( 0.137%) | kr146.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RAY-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.00 | 4.11 % | |
| R2 | 149.78 | 2.59 % | ||
| R1 | 148.42 | 1.65 % | ||
| Current price: | 146.00 | |||
| Support | S1 | 143.98 | -1.38 % | |
| S2 | 142.62 | -2.32 % | ||
| S3 | 140.40 | -3.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 146.20 | 0.137 % | ||
| Current price | 146.00 | |||
| Support | S1 | 140.00 | -4.11% | |
| S2 | 120.00 | -17.81% | ||
| S3 | 119.20 | -18.36% |
RAY-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2024 | May 23, 2024 | May 23, 2024 | kr0 | 0% |
| 2 | May 18, 2016 | May 18, 2016 | May 18, 2016 | kr0.250 | 0.212% |
| 3 | May 26, 2011 | May 26, 2011 | May 26, 2011 | kr0.500 | 1.85% |
| 4 | May 26, 2010 | May 26, 2010 | May 26, 2010 | kr0.500 | 1.40% |
| 5 | May 23, 2008 | May 23, 2008 | May 23, 2008 | kr0.167 | 0.510% |
FAQ
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