SEB SA Stock Forecast

SEB SA stock downgraded to Hold/Accumulate
(Updated on May 03, 2024)

SK.PA Signals & Forecast

Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The SEB SA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 114.58€. On a fall, the stock will find some support from the short-term average at 112.06€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, April 23, 2024, and so far it has fallen -4.58%. 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).

Support, Risk & Stop-loss for SEB SA stock

SEB SA finds support from accumulated volume at 111.20€ 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 1.90€ (1.71%) between high and low. For the last week, the stock has had daily average volatility of 2.40%.

Our recommended stop-loss: 107.08€ (-4.73%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)

Trading Expectations (SK.PA) For The Upcoming Trading Day Of Monday 6th

For the upcoming trading day on Monday, 6th we expect SEB SA to open at 112.03€, and during the day (based on 14 day Average True Range), to move between 109.60€ and 115.20€, which gives a possible trading interval of +/-2.80€ (+/-2.49%) up or down from last closing price. If SEB SA takes out the full calculated possible swing range there will be an estimated 4.98% 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€ (0.62%) than the support at 111.20€ (1.07%), 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?

SEB SA holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: -0.109 Hold/Accumulate Downgraded

Predicted Opening Price for SEB SA of Monday, May 6, 2024

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