Resurs Holding AB (publ) Stock Forecast
Resurs Holding AB (publ) stock price ended at kr15.51 on Thursday, after gaining 1.91%.
(Updated on Mar 28, 2024)
The Resurs Holding AB (publ) stock price gained 1.91% on the last trading day (Thursday, 28th Mar 2024), rising from kr15.22 to kr15.51. 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 2.50% from a day low at kr15.22 to a day high of kr15.60. The price has risen in 7 of the last 10 days and is up by 11.58% 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, 36 thousand more shares were traded than the day before. In total, 390 thousand shares were bought and sold for approximately kr6.05 million.
The stock lies the upper part of a very wide and falling 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 kr16.90 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -32.85% during the next 3 months and, with a 90% probability hold a price between kr5.52 and kr11.35 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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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 kr15.10 and kr14.34. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, February 07, 2024, and so far it has risen 19.77%. 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 kr14.95 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 kr0.380 between high and low, or 2.50%. For the last week, the stock has had daily average volatility of 2.89%.
The Resurs Holding AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought and the RSI is still moving upwards. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely, and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr14.99 (-3.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 83 and this increases the risk substantially. There is a buy signal from a pivot bottom found 36 days ago.)
Trading Expectations (RESURS.ST) For The Upcoming Trading Day Of Tuesday 2nd
For the upcoming trading day on Tuesday, 2nd we expect Resurs Holding AB (publ) to open at kr15.44, and during the day (based on 14 day Average True Range), to move between kr15.09 and kr15.93, which gives a possible trading interval of +/-kr0.421 (+/-2.72%) 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 5.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr15.79 (1.81%) than the support at kr14.95 (3.61%), 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 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 Tuesday, April 2, 2024
Fair opening price April 2, 2024 | Current price |
---|---|
kr15.44 ( 0.430%) | kr15.51 |
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 | |||
---|---|---|---|---|
Resistance | R3 | 15.82 | 2.02 % | |
R2 | 15.68 | 1.08 % | ||
R1 | 15.59 | 0.506 % | ||
Current price: | 15.51 | |||
Support | S1 | 15.30 | -1.37 % | |
S2 | 15.21 | -1.94 % | ||
S3 | 15.06 | -2.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 16.03 | 3.35 % | |
R2 | 15.91 | 2.58 % | ||
R1 | 15.79 | 1.81 % | ||
Current price | 15.51 | |||
Support | S1 | 14.95 | -3.61% | |
S2 | 14.70 | -5.22% | ||
S3 | 13.14 | -15.28% |
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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