AB Sagax (publ) Stock Forecast
AB Sagax (publ) stock downgraded to Buy Candidate
(Updated on May 08, 2024)
The AB Sagax (publ) stock price gained 0.632% on the last trading day (Wednesday, 8th May 2024), rising from kr284.60 to kr286.40. During the last trading day the stock fluctuated 2.25% from a day low at kr284.00 to a day high of kr290.40. The price has risen in 6 of the last 10 days and is up by 3.47% over the past 2 weeks. Volume fell on the last day by -163 thousand shares and in total, 269 thousand shares were bought and sold for approximately kr77.02 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 11.92% during the next 3 months and, with a 90% probability hold a price between kr299.11 and kr331.35 at the end of this 3-month period.
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SAGA-B.ST Signals & Forecast
Mostly positive signals in the chart today. The AB Sagax (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 kr279.37 and kr271.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 8.81%. 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 fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for AB Sagax (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr261.40 and kr247.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AB Sagax (publ) finds support just below today's level at kr261.40. If this is broken, then the next support from accumulated volume will be at kr247.00 and kr244.90.
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 kr6.40 between high and low, or 2.25%. For the last week, the stock has had daily average volatility of 2.55%.
Our recommended stop-loss: kr277.52 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (SAGA-B.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect AB Sagax (publ) to open at kr286.93, and during the day (based on 14 day Average True Range), to move between kr279.14 and kr293.66, which gives a possible trading interval of +/-kr7.26 (+/-2.53%) up or down from last closing price. If AB Sagax (publ) takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr261.40, some kr25.00 (8.73%) from the current price of kr286.40, our system finds the risk reward attractive.
Is AB Sagax (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AB Sagax (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.326 Buy Candidate Downgraded
Predicted Opening Price for AB Sagax (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr286.93 ( 0.186%) | kr286.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAGA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 293.33 | 2.42 % | |
| R2 | 290.89 | 1.57 % | ||
| R1 | 289.38 | 1.04 % | ||
| Current price: | 286.40 | |||
| Support | S1 | 284.49 | -0.667 % | |
| S2 | 282.98 | -1.19 % | ||
| S3 | 280.53 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 286.40 | |||
| Support | S1 | 261.40 | -8.73% | |
| S2 | 247.00 | -13.76% | ||
| S3 | 244.90 | -14.49% |
SAGA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr3.10 | 1.08% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr2.70 | 1.23% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | kr2.15 | 0.94% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | kr1.65 | 0.769% |
| 5 | Nov 11, 2020 | Nov 11, 2020 | Nov 11, 2020 | kr0.650 | 0.408% |
FAQ
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