SAS AB (publ) Stock Forecast
SAS AB (publ) stock upgraded to Hold/Accumulate.
(Updated on May 10, 2024)
The SAS AB (publ) stock price gained 0.760% on the last trading day (Friday, 10th May 2024), rising from kr0.0263 to kr0.0265. During the last trading day the stock fluctuated 2.28% from a day low at kr0.0263 to a day high of kr0.0269. The price has risen in 8 of the last 10 days and is up by 13.73% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 7 million more shares were traded than the day before. In total, 19 million shares were bought and sold for approximately kr502.35 thousand.
The stock lies in the middle of a very wide and 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 -5.73% during the next 3 months and, with a 90% probability hold a price between kr0.0100 and kr0.0703 at the end of this 3-month period.
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SAS.ST Signals & Forecast
The SAS AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr0.0260 and kr0.0264. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). SAS AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Friday, March 01, 2024, and so far it has fallen -66.03%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SAS AB (publ) stock
SAS AB (publ) finds support from accumulated volume at kr0.0260 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 kr0.0006 between high and low, or 2.28%. For the last week, the stock has had daily average volatility of 4.90%.
Our recommended stop-loss: kr0.0250 (-5.68%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (SAS.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect SAS AB (publ) to open at kr0.0266, and during the day (based on 14 day Average True Range), to move between kr0.0237 and kr0.0293, which gives a possible trading interval of +/-kr0.0028 (+/-10.53%) up or down from last closing price. If SAS AB (publ) takes out the full calculated possible swing range there will be an estimated 21.06% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.0260 (1.89%) than the resistance at kr0.0278 (4.91%), 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 positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.556 Hold/Accumulate Upgraded
Predicted Opening Price for SAS AB (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr0.0266 ( 0.252%) | kr0.0265 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0272 | 2.52 % | |
| R2 | 0.0269 | 1.65 % | ||
| R1 | 0.0268 | 1.12 % | ||
| Current price: | 0.0265 | |||
| Support | S1 | 0.0263 | -0.613 % | |
| S2 | 0.0262 | -1.15 % | ||
| S3 | 0.0260 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0330 | 24.53 % | |
| R2 | 0.0300 | 13.21 % | ||
| R1 | 0.0278 | 4.91 % | ||
| Current price | 0.0265 | |||
| Support | S1 | 0.0260 | -1.89% | |
| S2 | 0.0255 | -3.77% | ||
| S3 | 0.0210 | -20.75% |
FAQ
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