Skandinaviska Enskilda Banken AB (publ.) Stock Forecast

Evaluation of Skandinaviska Enskilda Banken AB (publ.) stock downgraded after the last trading session.
(Updated on Apr 24, 2024)

SEB-A.ST Signals & Forecast

Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Skandinaviska Enskilda Banken AB (publ.) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr145.44 and kr149.05. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -3.67%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.

Support, Risk & Stop-loss for Skandinaviska Enskilda Banken AB (publ.) stock

Skandinaviska Enskilda Banken AB (publ.) finds support from accumulated volume at kr143.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr5.95 between high and low, or 4.18%. For the last week the stock has had daily average volatility of 2.18%.

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

Trading Expectations (SEB-A.ST) For The Upcoming Trading Day Of Thursday 25th

For the upcoming trading day on Thursday, 25th we expect Skandinaviska Enskilda Banken AB (publ.) to open at kr145.17, and during the day (based on 14 day Average True Range), to move between kr141.34 and kr147.76, which gives a possible trading interval of +/-kr3.21 (+/-2.22%) up or down from last closing price. If Skandinaviska Enskilda Banken AB (publ.) takes out the full calculated possible swing range there will be an estimated 4.45% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr143.80 (0.52%) than the resistance at kr151.85 (5.05%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Skandinaviska Enskilda Banken AB (publ.) stock A Buy?

Skandinaviska Enskilda Banken AB (publ.) holds several negative signals and is within a falling trend, so we believe 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: -4.177 Sell Candidate Downgraded

Predicted Opening Price for Skandinaviska Enskilda Banken AB (publ.) of Thursday, April 25, 2024

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