Svenska Cellulosa Aktiebolaget SCA ETF Forecast
Evaluation of Svenska Cellulosa Aktiebolaget SCA ETF downgraded after the last trading session.
(Updated on Apr 26, 2024)
The Svenska Cellulosa Aktiebolaget SCA ETF price fell by -0.126% on the last day (Friday, 26th Apr 2024) from kr158.90 to kr158.70. During the last trading day the ETF fluctuated 5.18% from a day low at kr153.45 to a day high of kr161.40. The price has risen in 7 of the last 10 days and is up by 2.19% over the past 2 weeks. Volume fell on the last day along with the ETF, which is actually a good sign as volume should follow the ETF. On the last day, the trading volume fell by -66 thousand shares and in total, 2 million shares were bought and sold for approximately kr305.58 million.
The ETF 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 ETF is expected to rise 15.76% during the next 3 months and, with a 90% probability hold a price between kr178.57 and kr198.48 at the end of this 3-month period.
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SCA-B.ST Signals & Forecast
The Svenska Cellulosa Aktiebolaget SCA ETF holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the ETF 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 kr155.36 and kr155.92. A breakdown below any of these levels will issue sell signals. 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 Thursday, March 28, 2024, and so far it has fallen -3.41%. 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 fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Svenska Cellulosa Aktiebolaget SCA ETF
On the downside, the ETF finds support just below today's level from accumulated volume at kr146.65 and kr145.00. There is a natural risk involved when a ETF is testing a support level, since if this is broken, the ETF then may fall to the next support level. In this case, Svenska Cellulosa Aktiebolaget SCA finds support just below today's level at kr146.65. If this is broken, then the next support from accumulated volume will be at kr145.00 and kr140.85.
This ETF is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the ETF moved kr7.95 (5.18%) between high and low. For the last week, the ETF has had daily average volatility of 2.37%.
Our recommended stop-loss: kr152.24 (-4.07%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 19 days ago.)
Trading Expectations (SCA-B.ST) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Svenska Cellulosa Aktiebolaget SCA (publ) to open at kr157.85, and during the day (based on 14 day Average True Range), to move between kr155.00 and kr162.40, which gives a possible trading interval of +/-kr3.70 (+/-2.33%) up or down from last closing price. If Svenska Cellulosa Aktiebolaget SCA (publ) takes out the full calculated possible swing range there will be an estimated 4.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr158.90 (0.13%) than the support at kr146.65 (7.59%), 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.
Is Svenska Cellulosa Aktiebolaget SCA (publ) ETF A Buy?
Svenska Cellulosa Aktiebolaget SCA 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: -0.752 Hold/Accumulate Downgraded
Predicted Opening Price for Svenska Cellulosa Aktiebolaget SCA (publ) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr157.85 ( 0.536%) | kr158.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 165.80 | 4.47 % | |
| R2 | 162.76 | 2.56 % | ||
| R1 | 160.89 | 1.38 % | ||
| Current price: | 158.70 | |||
| Support | S1 | 154.81 | -2.45 % | |
| S2 | 152.94 | -3.63 % | ||
| S3 | 149.90 | -5.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 164.00 | 3.34 % | |
| R2 | 159.05 | 0.221 % | ||
| R1 | 158.90 | 0.126 % | ||
| Current price | 158.70 | |||
| Support | S1 | 146.65 | -7.59% | |
| S2 | 145.00 | -8.63% | ||
| S3 | 140.85 | -11.25% |
SCA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 25, 2024 | kr0 | 0% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | kr2.50 | 1.83% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | kr1.00 | 0.546% |
| 4 | Mar 21, 2019 | Mar 21, 2019 | Mar 21, 2019 | kr1.75 | 2.16% |
| 5 | Mar 26, 2018 | Mar 26, 2018 | Mar 26, 2018 | kr1.50 | 1.77% |
FAQ
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