Sectra AB (publ) ETF Forecast
Evaluation of Sectra AB (publ) ETF downgraded after the last trading session.
(Updated on Apr 25, 2024)
The Sectra AB (publ) ETF price fell by -0.367% on the last day (Thursday, 25th Apr 2024) from kr217.80 to kr217.00. During the last trading day the ETF fluctuated 1.96% from a day low at kr214.60 to a day high of kr218.80. The price has fallen in 5 of the last 10 days but is still up by 5.14% over the past 2 weeks. Volume has increased on the last day by 45 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 107 thousand shares were bought and sold for approximately kr23.15 million.
The ETF lies in the middle of a wide and weak 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 5.20% during the next 3 months and, with a 90% probability hold a price between kr209.92 and kr239.88 at the end of this 3-month period.
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SECT-B.ST Signals & Forecast
The Sectra AB (publ) ETF 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 kr211.71 and kr209.32. 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). 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, February 15, 2024, and so far it has fallen -1.05%. 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 ETF should be followed more closely.
Support, Risk & Stop-loss for Sectra AB (publ) ETF
Sectra AB (publ) finds support from accumulated volume at kr208.55 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the ETF tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the ETF moved kr4.20 between high and low, or 1.96%. For the last week the ETF has had daily average volatility of 3.02%.
Our recommended stop-loss: kr209.78 (-3.33%) (This ETF has low daily movements and this gives low risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (SECT-B.ST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect Sectra AB (publ) to open at kr216.80, and during the day (based on 14 day Average True Range), to move between kr210.75 and kr223.25, which gives a possible trading interval of +/-kr6.25 (+/-2.88%) up or down from last closing price. If Sectra AB (publ) takes out the full calculated possible swing range there will be an estimated 5.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr217.15 (0.07%) than the support at kr208.55 (3.89%), 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 Sectra AB (publ) ETF A Buy?
Sectra 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. 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: 0.342 Hold/Accumulate Downgraded
Predicted Opening Price for Sectra AB (publ) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| kr216.80 ( 0.0922%) | kr217.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SECT-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 221.00 | 1.84 % | |
| R2 | 219.40 | 1.10 % | ||
| R1 | 218.40 | 0.647 % | ||
| Current price: | 217.00 | |||
| Support | S1 | 215.20 | -0.83 % | |
| S2 | 214.20 | -1.29 % | ||
| S3 | 212.60 | -2.03 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 219.30 | 1.06 % | |
| R2 | 217.80 | 0.369 % | ||
| R1 | 217.15 | 0.0691 % | ||
| Current price | 217.00 | |||
| Support | S1 | 208.55 | -3.89% | |
| S2 | 206.15 | -5.00% | ||
| S3 | 195.14 | -10.07% |
SECT-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 24, 2022 | Oct 24, 2022 | Oct 24, 2022 | kr1.00 | 0.723% |
| 2 | Oct 18, 2021 | Oct 18, 2021 | Oct 18, 2021 | kr0.90 | 0.472% |
| 3 | Oct 05, 2020 | Oct 05, 2020 | Oct 05, 2020 | kr0.90 | 0.761% |
| 4 | Oct 02, 2019 | Oct 02, 2019 | Oct 02, 2019 | kr0.90 | 1.39% |
| 5 | Oct 03, 2018 | Oct 03, 2018 | Oct 03, 2018 | kr0.90 | 1.78% |
FAQ
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