Skanska AB (publ) Stock Forecast
Skanska AB (publ) stock price down 0.254% on Friday
(Updated on May 17, 2024)
The Skanska AB (publ) stock price fell by -0.254% on the last day (Friday, 17th May 2024) from kr196.60 to kr196.10. During the last trading day the stock fluctuated 1.39% from a day low at kr193.90 to a day high of kr196.60. The price has risen in 6 of the last 10 days and is up by 1.06% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -100 thousand shares and in total, 752 thousand shares were bought and sold for approximately kr147.43 million.
The stock lies in the middle of a 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 2.71% during the next 3 months and, with a 90% probability hold a price between kr192.06 and kr207.70 at the end of this 3-month period.
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SKA-B.ST Signals & Forecast
The Skanska AB (publ) stock 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 kr193.24 and kr192.81. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 4.11%. Further rise is indicated until a new top pivot has been found. 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. 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 Skanska AB (publ) stock
Skanska AB (publ) finds support from accumulated volume at kr195.50 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 kr2.70 (1.39%) between high and low. For the last week, the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: kr187.43 (-4.42%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 4 days ago.)
Trading Expectations (SKA-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Skanska AB (publ) to open at kr195.53, and during the day (based on 14 day Average True Range), to move between kr191.73 and kr200.47, which gives a possible trading interval of +/-kr4.37 (+/-2.23%) up or down from last closing price. If Skanska AB (publ) takes out the full calculated possible swing range there will be an estimated 4.46% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr196.60 (0.25%) than the support at kr195.50 (0.31%), 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 Skanska AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Skanska AB (publ) stock to perform well in the short-term.
Current score: 3.051 Buy Candidate Unchanged
Predicted Opening Price for Skanska AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr195.53 ( 0.289%) | kr196.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 198.23 | 1.09 % | |
| R2 | 197.20 | 0.562 % | ||
| R1 | 196.56 | 0.237 % | ||
| Current price: | 196.10 | |||
| Support | S1 | 194.50 | -0.81 % | |
| S2 | 193.86 | -1.14 % | ||
| S3 | 192.83 | -1.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 201.60 | 2.80 % | |
| R2 | 197.20 | 0.561 % | ||
| R1 | 196.60 | 0.255 % | ||
| Current price | 196.10 | |||
| Support | S1 | 195.50 | -0.306% | |
| S2 | 193.85 | -1.15% | ||
| S3 | 189.85 | -3.19% |
SKA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 04, 2024 | kr0 | 0% |
| 2 | Mar 28, 2024 | Mar 28, 2024 | Apr 05, 2024 | kr5.50 | 2.86% |
| 3 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr7.50 | 4.80% |
| 4 | Mar 30, 2022 | Mar 30, 2022 | Mar 30, 2022 | kr3.00 | 1.40% |
| 5 | Mar 31, 2021 | Mar 31, 2021 | Mar 31, 2021 | kr3.00 | 1.37% |
FAQ
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