Resurs Holding AB (publ) Stock Forecast
Resurs Holding AB (publ) stock price ended at kr22.96 on Wednesday, after gaining 0.0872%.
(Updated on Jul 03, 2024)
The Resurs Holding AB (publ) stock price gained 0.0872% on the last trading day (Wednesday, 3rd Jul 2024), rising from kr22.94 to kr22.96. It has now gained 3 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 0.174% from a day low at kr22.94 to a day high of kr22.98. The price has been going up and down for this period, and there has been a 0.17% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 thousand more shares were traded than the day before. In total, 548 thousand shares were bought and sold for approximately kr12.59 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 kr21.44, a level that may pose a second chance to hit a runner. According to fan-theory kr24.56 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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RESURS.ST Signals & Forecast
The Resurs Holding 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 kr22.92 and kr19.01. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 38.56%. 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 Resurs Holding AB (publ) stock
Resurs Holding AB (publ) finds support from accumulated volume at kr22.92 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 very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.0400 between high and low, or 0.174%. For the last week, the stock has had daily average volatility of 0.227%.
The Resurs Holding AB (publ) stock is extremely overbought on RSI14 (95). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: kr22.25 (-3.10%) (This stock has very high daily movements and this gives very high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 30 days ago.)
Trading Expectations (RESURS.ST) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Resurs Holding AB (publ) to open at kr22.96, and during the day (based on 14 day Average True Range), to move between kr22.50 and kr23.42, which gives a possible trading interval of +/-kr0.461 (+/-2.01%) up or down from last closing price. If Resurs Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 4.02% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr22.92, some kr0.0400 (0.17%) from the current price of kr22.96, our system finds the risk reward attractive.
Is Resurs Holding AB (publ) stock A Buy?
Resurs Holding AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Resurs Holding AB (publ) of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| kr22.96 ( 0.00000000%) | kr22.96 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RESURS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.00 | 0.174% |
| R2 | 22.98 | 0.108% |
| R1 | 22.98 | 0.0666% |
| Price | 22.96 | |
| S1 | 22.94 | -0.0666% |
| S2 | 22.94 | -0.108% |
| S3 | 22.92 | -0.174% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 22.96 | |
| S1 | 22.92 | -0.174% |
| S2 | 22.90 | -0.261% |
| S3 | 17.39 | -24.26% |
RESURS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 28, 2023 | Sep 28, 2023 | Sep 28, 2023 | kr0.91 | 3.75% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr1.07 | 5.30% |
| 3 | Oct 14, 2022 | Oct 14, 2022 | Oct 14, 2022 | kr0.92 | 4.97% |
| 4 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr1.31 | 4.56% |
| 5 | Nov 03, 2021 | Nov 03, 2021 | Nov 03, 2021 | kr3.00 | 6.76% |
FAQ
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