Rejlers AB (publ) Stock Forecast
Rejlers AB (publ) stock upgraded from Sell Candidate to Buy Candidate after Thursday trading session.
(Updated on Apr 25, 2024)
The Rejlers AB (publ) stock price gained 4.95% on the last trading day (Thursday, 25th Apr 2024), rising from kr137.40 to kr144.20. During the last trading day the stock fluctuated 7.76% from a day low at kr134.00 to a day high of kr144.40. The price has fallen in 7 of the last 10 days but is still up by 1.26% 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, 23 thousand more shares were traded than the day before. In total, 40 thousand shares were bought and sold for approximately kr5.72 million.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 10.09% during the next 3 months and, with a 90% probability hold a price between kr148.21 and kr169.74 at the end of this 3-month period.
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REJL-B.ST Signals & Forecast
The Rejlers AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr137.54 and kr141.11. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, April 05, 2024, and so far it has fallen -4.50%. 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 Rejlers AB (publ) stock
Rejlers AB (publ) finds support from accumulated volume at kr140.50 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 kr10.40 between high and low, or 7.76%. For the last week, the stock has had daily average volatility of 3.84%.
Our recommended stop-loss: kr137.36 (-4.74%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (REJL-B.ST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Rejlers AB (publ) to open at kr140.87, and during the day (based on 14 day Average True Range), to move between kr139.73 and kr148.67, which gives a possible trading interval of +/-kr4.47 (+/-3.10%) up or down from last closing price. If Rejlers AB (publ) takes out the full calculated possible swing range there will be an estimated 6.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr140.50 (2.57%) than the resistance at kr148.00 (2.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rejlers 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 Rejlers AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.353 Buy Candidate Upgraded
Predicted Opening Price for Rejlers AB (publ) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| kr140.87 ( 2.31%) | kr144.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for REJL-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 151.27 | 4.90 % | |
| R2 | 147.29 | 2.15 % | ||
| R1 | 144.84 | 0.443 % | ||
| Current price: | 144.20 | |||
| Support | S1 | 136.89 | -5.07 % | |
| S2 | 134.44 | -6.77 % | ||
| S3 | 130.47 | -9.52 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.20 | 4.16 % | |
| R2 | 149.00 | 3.33 % | ||
| R1 | 148.00 | 2.64 % | ||
| Current price | 144.20 | |||
| Support | S1 | 140.50 | -2.57% | |
| S2 | 140.00 | -2.91% | ||
| S3 | 133.50 | -7.42% |
REJL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr4.50 | 3.15% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr4.50 | 2.88% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr3.00 | 2.07% |
| 4 | Oct 04, 2021 | Oct 04, 2021 | Oct 04, 2021 | kr3.50 | 2.30% |
| 5 | Apr 23, 2020 | Apr 23, 2020 | Apr 23, 2020 | kr1.50 | 1.54% |
FAQ
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