Rejlers AB (publ) Stock Forecast
Rejlers AB (publ) stock price down 0.426% on Friday
(Updated on May 03, 2024)
The Rejlers AB (publ) stock price fell by -0.426% on the last day (Friday, 3rd May 2024) from kr141.00 to kr140.40. During the last trading day the stock fluctuated 2.31% from a day low at kr138.80 to a day high of kr142.00. The price has fallen in 5 of the last 10 days but is still up by 3.08% 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 -4 thousand shares and in total, 10 thousand shares were bought and sold for approximately kr1.45 million.
The stock lies in the middle of a wide and weak 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 4.95% during the next 3 months and, with a 90% probability hold a price between kr141.76 and kr160.85 at the end of this 3-month period.
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REJL-B.ST Signals & Forecast
There are mixed signals in the stock today. The Rejlers 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 kr141.03 and kr141.57. A break-up above any of these levels will issue buy signals. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 4.78%. 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).
Support, Risk & Stop-loss for Rejlers AB (publ) stock
Rejlers 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 has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr3.20 between high and low, or 2.31%. For the last week the stock has had daily average volatility of 3.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (REJL-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Rejlers AB (publ) to open at kr140.40, and during the day (based on 14 day Average True Range), to move between kr135.70 and kr145.10, which gives a possible trading interval of +/-kr4.70 (+/-3.35%) up or down from last closing price. If Rejlers AB (publ) takes out the full calculated possible swing range there will be an estimated 6.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr140.50 (0.07%) than the support at kr140.00 (0.28%), 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 Rejlers AB (publ) stock A Buy?
Rejlers AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.928 Sell Candidate Unchanged
Predicted Opening Price for Rejlers AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr140.40 ( 0%) | kr140.40 |
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 | 143.60 | 2.28 % | |
| R2 | 142.38 | 1.41 % | ||
| R1 | 141.62 | 0.87 % | ||
| Current price: | 140.40 | |||
| Support | S1 | 139.18 | -0.87 % | |
| S2 | 138.42 | -1.41 % | ||
| S3 | 137.20 | -2.28 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 142.00 | 1.14 % | |
| R2 | 141.00 | 0.427 % | ||
| R1 | 140.50 | 0.0712 % | ||
| Current price | 140.40 | |||
| Support | S1 | 140.00 | -0.285% | |
| S2 | 138.00 | -1.71% | ||
| S3 | 133.50 | -4.91% |
REJL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr4.50 | 3.18% |
| 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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