Ringkjoebing Landbobank A-S Stock Forecast
Ringkjoebing Landbobank A-S stock price ended at kr1,165.00 on Thursday, after gaining 0.431%.
(Updated on Jul 04, 2024)
The Ringkjoebing Landbobank A-S stock price gained 0.431% on the last trading day (Thursday, 4th Jul 2024), rising from kr1,160.00 to kr1,165.00. During the last trading day the stock fluctuated 1.30% from a day low at kr1,156.00 to a day high of kr1,171.00. The price has fallen in 6 of the last 10 days and is down by -2.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 13 thousand more shares were traded than the day before. In total, 28 thousand shares were bought and sold for approximately kr32.42 million.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.31% during the next 3 months and, with a 90% probability hold a price between kr1,084.08 and kr1,173.92 at the end of this 3-month period.
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RILBA.CO Signals & Forecast
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. The Ringkjoebing Landbobank A-S 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 kr1,167.29 and kr1,192.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -3.72%. 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).
A buy signal from a double bottom formation was found on Monday, June 10, 2024 and based on theory for this formation the price should go up by 3.51% to kr1,205.86 within 28 trading days (Thursday, July 18, 2024) since signal was issued.
Support, Risk & Stop-loss for Ringkjoebing Landbobank A-S stock
Ringkjoebing Landbobank A-S finds support from accumulated volume at kr1,164.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr15.00 between high and low, or 1.30%. For the last week the stock has had daily average volatility of 1.53%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (RILBA.CO) For The Upcoming Trading Day Of Friday 5th
For the upcoming trading day on Friday, 5th we expect Ringkjoebing Landbobank A-S to open at kr1,164.00, and during the day (based on 14 day Average True Range), to move between kr1,140.97 and kr1,189.03, which gives a possible trading interval of +/-kr24.03 (+/-2.06%) up or down from last closing price. If Ringkjoebing Landbobank A-S takes out the full calculated possible swing range there will be an estimated 4.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr1,164.00 (0.09%) than the resistance at kr1,178.00 (1.12%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Ringkjoebing Landbobank A-S stock A Buy?
Ringkjoebing Landbobank A-S holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -1.118 Sell Candidate Unchanged
Predicted Opening Price for Ringkjoebing Landbobank A-S of Friday, July 5, 2024
| Fair opening price July 5, 2024 | Current price |
|---|---|
| kr1,164.00 ( 0.0858%) | kr1,165.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RILBA.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,179.00 | 1.20% |
| R2 | 1,173.27 | 0.710% |
| R1 | 1,169.73 | 0.406% |
| Price | 1,165.00 | |
| S1 | 1,158.27 | -0.578% |
| S2 | 1,154.73 | -0.88% |
| S3 | 1,149.00 | -1.37% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1,230.00 | 5.58% |
| R2 | 1,211.00 | 3.95% |
| R1 | 1,178.00 | 1.12% |
| Price | 1,165.00 | |
| S1 | 1,164.00 | -0.0858% |
| S2 | 1,156.00 | -0.773% |
| S3 | 1,153.00 | -1.03% |
RILBA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 04, 2024 | kr10.00 | 0.85% |
| 2 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | kr7.00 | 0.636% |
| 3 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | kr7.00 | 0.90% |
| 4 | Mar 04, 2021 | Mar 04, 2021 | Mar 04, 2021 | kr7.00 | 1.18% |
| 5 | Mar 05, 2020 | Mar 05, 2020 | Mar 05, 2020 | kr11.00 | 2.46% |
FAQ
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