SAS AB (publ) Stock Forecast

SAS AB (publ) stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on May 03, 2024)

SAS-DKK.CO Signals & Forecast

There are mixed signals in the stock today. The SAS AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr0.0176. On a fall, the stock will find some support from the short-term average at kr0.0162. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, February 29, 2024, and so far it has fallen -68.87%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for SAS AB (publ) stock

SAS AB (publ) finds support from accumulated volume at kr0.0170 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.0012 between high and low, or 7.23%. For the last week the stock has had daily average volatility of 35.62%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (SAS-DKK.CO) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect SAS AB (publ) to open at kr0.0173, and during the day (based on 14 day Average True Range), to move between kr0.0140 and kr0.0208, which gives a possible trading interval of +/-kr0.0034 (+/-19.66%) up or down from last closing price. If SAS AB (publ) takes out the full calculated possible swing range there will be an estimated 39.32% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr0.0170 (2.30%) than the resistance at kr0.0183 (5.17%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is SAS AB (publ) stock A Buy?

SAS AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -1.342 Sell Candidate Downgraded

Predicted Opening Price for SAS AB (publ) of Monday, May 6, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.