SEB SA Stock Forecast
SEB SA stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Apr 24, 2024)
The SEB SA stock price fell by -4.75% on the last day (Wednesday, 24th Apr 2024) from 117.80€ to 112.20€. During the last trading day the stock fluctuated 6.60% from a day low at 112.20€ to a day high of 119.60€. The price has fallen in 7 of the last 10 days and is down by -3.11% for this period. Volume has increased on the last day by 8 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, 79 thousand shares were bought and sold for approximately 8.85€ million.
The stock 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 stock is expected to rise 4.32% during the next 3 months and, with a 90% probability hold a price between 113.23€ and 125.66€ at the end of this 3-month period.
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SK.PA Signals & Forecast
There are few to no technical positive signals at the moment. The SEB SA 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 112.63€ and 114.86€. 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 -4.75%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for SEB SA stock
SEB SA finds support from accumulated volume at 109.40€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 7.40€ (6.60%) between high and low. For the last week, the stock has had daily average volatility of 3.05%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SK.PA) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect SEB SA to open at 114.67€, and during the day (based on 14 day Average True Range), to move between 109.35€ and 115.05€, which gives a possible trading interval of +/-2.85€ (+/-2.54%) up or down from last closing price. If SEB SA takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 113.10€ (0.80%) than the support at 109.40€ (2.50%), 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 SEB SA stock A Buy?
The SEB SA stock holds several negative signals and despite the positive trend, we believe SEB SA will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.
Current score: -4.654 Sell Candidate Downgraded
Predicted Opening Price for SEB SA of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| 114.67€ ( 2.20%) | 112.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SK.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 122.07 | 8.79 % | |
| R2 | 119.24 | 6.27 % | ||
| R1 | 117.49 | 4.72 % | ||
| Current price: | 112.20 | |||
| Support | S1 | 111.84 | -0.321 % | |
| S2 | 110.09 | -1.88 % | ||
| S3 | 107.27 | -4.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 116.00 | 3.39 % | |
| R2 | 114.80 | 2.32 % | ||
| R1 | 113.10 | 0.80 % | ||
| Current price | 112.20 | |||
| Support | S1 | 109.40 | -2.50% | |
| S2 | 108.10 | -3.65% | ||
| S3 | 105.40 | -6.06% |
SK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2024 | Jun 03, 2024 | Jun 03, 2024 | 0€ | 0% |
| 2 | May 31, 2023 | May 31, 2023 | May 31, 2023 | 2.45€ | 2.79% |
| 3 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 2.45€ | 2.65% |
| 4 | May 31, 2022 | May 31, 2022 | May 31, 2022 | 2.45€ | 2.47% |
| 5 | May 30, 2022 | May 30, 2022 | May 30, 2022 | 2.45€ | 2.40% |
FAQ
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