Royal Unibrew A/S Stock Forecast
Royal Unibrew A/S stock price ended at kr566.00 on Monday, after gaining 2.91%.
(Updated on May 13, 2024)
The Royal Unibrew A/S stock price gained 2.91% on the last trading day (Monday, 13th May 2024), rising from kr550.00 to kr566.00. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.16% from a day low at kr553.00 to a day high of kr570.50. The price has risen in 7 of the last 10 days and is up by 6.99% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 115 thousand more shares were traded than the day before. In total, 248 thousand shares were bought and sold for approximately kr140.56 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr550.83, a level that may pose a second chance to hit a runner. According to fan-theory kr650.12 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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RBREW.CO Signals & Forecast
Mostly positive signals in the chart today. The Royal Unibrew A/S 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 kr533.36 and kr481.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, May 02, 2024, and so far it has risen 10.01%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Royal Unibrew A/S stock
On the downside, the stock finds support just below today's level from accumulated volume at kr520.00 and kr447.60. 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, Royal Unibrew A/S finds support just below today's level at kr520.00. If this is broken, then the next support from accumulated volume will be at kr447.60 and kr434.20.
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 kr17.50 between high and low, or 3.16%. For the last week, the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: kr545.51 (-3.62%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (RBREW.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Royal Unibrew A/S to open at kr563.17, and during the day (based on 14 day Average True Range), to move between kr553.14 and kr578.86, which gives a possible trading interval of +/-kr12.86 (+/-2.27%) up or down from last closing price. If Royal Unibrew A/S takes out the full calculated possible swing range there will be an estimated 4.54% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr520.00, some kr46.00 (8.13%) from the current price of kr566.00, our system finds the risk reward attractive.
Is Royal Unibrew A/S stock A Buy?
Royal Unibrew A/S holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.866 Strong Buy Candidate Unchanged
Predicted Opening Price for Royal Unibrew A/S of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr563.17 ( 0.501%) | kr566.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RBREW.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 580.67 | 2.59 % | |
| R2 | 573.98 | 1.41 % | ||
| R1 | 569.85 | 0.681 % | ||
| Current price: | 566.00 | |||
| Support | S1 | 556.48 | -1.68 % | |
| S2 | 552.35 | -2.41 % | ||
| S3 | 545.67 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 566.00 | |||
| Support | S1 | 520.00 | -8.13% | |
| S2 | 447.60 | -20.92% | ||
| S3 | 434.20 | -23.29% |
RBREW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr14.50 | 2.40% |
| 2 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr14.50 | 2.36% |
| 3 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | kr13.50 | 1.79% |
| 4 | Aug 31, 2020 | Aug 31, 2020 | Aug 31, 2020 | kr12.20 | 1.87% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | kr12.20 | 2.43% |
FAQ
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