Rottneros AB (publ) Stock Forecast
Rottneros AB (publ) stock price down 1.01% on Friday
(Updated on May 17, 2024)
The Rottneros AB (publ) stock price fell by -1.01% on the last day (Friday, 17th May 2024) from kr11.92 to kr11.80. During the last trading day the stock fluctuated 1.88% from a day low at kr11.70 to a day high of kr11.92. The price has risen in 6 of the last 10 days but is still down by -0.84% for this period. Volume has increased on the last day by 52 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 107 thousand shares were bought and sold for approximately kr1.26 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Rottneros AB (publ) stock with a 90% probability to be traded between kr11.56 and kr12.76 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
RROS.ST Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Rottneros 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 kr11.82 and kr11.83. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, May 15, 2024, and so far it has fallen -1.50%. Further fall is indicated until a new bottom pivot has been found. Rottneros AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Rottneros AB (publ) stock
Rottneros AB (publ) finds support from accumulated volume at kr11.72 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 kr0.220 between high and low, or 1.88%. For the last week the stock has had daily average volatility of 3.39%.
Our recommended stop-loss: kr11.45 (-2.98%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (RROS.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Rottneros AB (publ) to open at kr11.81, and during the day (based on 14 day Average True Range), to move between kr11.41 and kr12.19, which gives a possible trading interval of +/-kr0.388 (+/-3.29%) up or down from last closing price. If Rottneros AB (publ) takes out the full calculated possible swing range there will be an estimated 6.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr11.72 (0.68%) than the resistance at kr11.92 (1.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Rottneros AB (publ) stock A Buy?
Rottneros AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.121 Hold/Accumulate Unchanged
Predicted Opening Price for Rottneros AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr11.81 ( 0.0565%) | kr11.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RROS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.03 | 1.92 % | |
| R2 | 11.94 | 1.21 % | ||
| R1 | 11.89 | 0.769 % | ||
| Current price: | 11.80 | |||
| Support | S1 | 11.72 | -0.656 % | |
| S2 | 11.67 | -1.10 % | ||
| S3 | 11.59 | -1.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 12.08 | 2.37 % | |
| R2 | 11.98 | 1.53 % | ||
| R1 | 11.92 | 1.02 % | ||
| Current price | 11.80 | |||
| Support | S1 | 11.72 | -0.678% | |
| S2 | 11.54 | -2.20% | ||
| S3 | 11.50 | -2.54% |
RROS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 21, 2024 | kr0 | 0% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr0.90 | 7.31% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr0.200 | 1.50% |
| 4 | Sep 23, 2021 | Sep 23, 2021 | Sep 23, 2021 | kr0.450 | 4.67% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | kr0.400 | 4.15% |
FAQ
Click here for our free guide on how to buy Rottneros AB (publ) Stock.
