Saab AB (publ) Stock Forecast
Red day on Friday for Saab AB (publ) stock after losing 0.98%
(Updated on Apr 26, 2024)
The Saab AB (publ) stock price fell by -0.98% on the last day (Friday, 26th Apr 2024) from kr920.20 to kr911.20. During the last trading day the stock fluctuated 8.92% from a day low at kr881.20 to a day high of kr959.80. The price has fallen in 7 of the last 10 days and is down by -0.89% for this period. Volume has increased on the last day by 740 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, 1 million shares were bought and sold for approximately kr1.19 billion.
Given the current short-term trend, the stock is expected to rise 36.41% during the next 3 months and, with a 90% probability hold a price between kr1,242.94 and kr1,424.85 at the end of this 3-month period.
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SAAB-B.ST Signals & Forecast
A sell signal was issued from a pivot top point on Monday, April 08, 2024, and so far it has fallen -7.17%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. Some positive signals were issued as well, and these may have some influence on the near short-term development. The Saab AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr912.83. On a fall, the stock will find some support from the long-term average at approximately kr910.80. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal.
Support, Risk & Stop-loss for Saab AB (publ) stock
Saab AB (publ) finds support from accumulated volume at kr885.80 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 kr78.60 between high and low, or 8.92%. For the last week, the stock has had daily average volatility of 4.31%.
Our recommended stop-loss: kr873.65 (-4.12%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 14 days ago.)
Trading Expectations (SAAB-B.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Saab AB (publ) to open at kr917.40, and during the day (based on 14 day Average True Range), to move between kr876.94 and kr945.46, which gives a possible trading interval of +/-kr34.26 (+/-3.76%) up or down from last closing price. If Saab AB (publ) takes out the full calculated possible swing range there will be an estimated 7.52% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr919.40 (0.90%) than the support at kr885.80 (2.79%), 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.
Earnings coming up
Saab AB (publ) will release earnings BMO on Friday, April 26, 2024.The consensus among the analysts for the expected earnings (EPS) is $5.62. We will update the financials statements for Saab AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.74% in the first trading day after earnings release.
Is Saab AB (publ) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period.
Current score: 1.319 Buy Candidate Unchanged
Predicted Opening Price for Saab AB (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr917.40 ( 0.680%) | kr911.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAAB-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 996.00 | 9.31 % | |
| R2 | 965.97 | 6.01 % | ||
| R1 | 947.43 | 3.98 % | ||
| Current price: | 911.20 | |||
| Support | S1 | 887.37 | -2.61 % | |
| S2 | 868.83 | -4.65 % | ||
| S3 | 838.80 | -7.95 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 946.40 | 3.86 % | |
| R2 | 934.40 | 2.55 % | ||
| R1 | 919.40 | 0.90 % | ||
| Current price | 911.20 | |||
| Support | S1 | 885.80 | -2.79% | |
| S2 | 820.60 | -9.94% | ||
| S3 | 724.20 | -20.52% |
SAAB-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 07, 2024 | Oct 07, 2024 | Oct 11, 2024 | kr3.20 | 0.348% |
| 2 | Apr 12, 2024 | Apr 12, 2024 | Apr 12, 2024 | kr0 | 0% |
| 3 | Apr 06, 2023 | Apr 06, 2023 | Apr 06, 2023 | kr5.30 | 0.84% |
| 4 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | kr4.90 | 1.45% |
| 5 | Apr 14, 2021 | Apr 14, 2021 | Apr 14, 2021 | kr4.70 | 1.96% |
FAQ
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