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AI Analysis of SKBSY
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Skanska AB (publ) stock downgraded from Buy Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)

Buy or Hold candidate since Jun 27, 2024 PDF

No changes to the price of Skanska AB (publ) stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at $18.27 to a day high of $18.27. The price has risen in 4 of the last 10 days and is up by 0.11% over the past 2 weeks.

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 2.47% during the next 3 months and, with a 90% probability hold a price between $17.91 and $19.43 at the end of this 3-month period.

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SKBSY Signals & Forecast

The Skanska AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $18.48. On a fall, the stock will find some support from the long-term average at approximately $18.01. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has fallen 0%. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. The stock had a Golden Star Signal on Friday, June 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Buy
Special Signal Notification

Golden Star

The stock had a Golden Star Signal on Friday, June 14, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Skanska AB (publ) stock

Skanska AB (publ) finds support from accumulated volume at $17.85 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved $0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.382%

Our recommended stop-loss: $17.20 (-5.88%) (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 (SKBSY) For The Upcoming Trading Day Of Monday 1st

For the upcoming trading day on Monday, 1st we expect Skanska AB (publ) to open at $18.27, and during the day (based on 14 day Average True Range), to move between $18.02 and $18.52, which gives a possible trading interval of +/-$0.254 (+/-1.39%) up or down from last closing price. If Skanska AB (publ) takes out the full calculated possible swing range there will be an estimated 2.78% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $18.37 (0.55%) than the support at $17.85 (2.30%), 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?

Skanska 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

Current score: 0.000 Hold/Accumulate Downgraded

Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.

Predicted Opening Price for Skanska AB (publ) of Monday, July 1, 2024

Fair opening price July 1, 2024 Current price
$18.27 ( 0%) $18.27

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

Trading levels for SKBSY

Fibonacci Support & Resistance Levels

Level Price
R3 18.27 -
R2 18.27 -
R1 18.27 -
Price 18.27
S1 18.27 -
S2 18.27 -
S3 18.27 -

Accumulated Volume Support & Resistance Levels

Level Price
R3 18.63 1.97%
R2 18.50 1.26%
R1 18.37 0.547%
Price 18.27
S1 17.85 -2.30%
S2 17.49 -4.27%
S3 17.48 -4.32%

SKBSY Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Apr 01, 2024 Apr 01, 2024 Apr 12, 2024 $0.525 2.97%
2 Jun 28, 2023 Mar 30, 2023 Apr 14, 2023 $0.719 4.37%
3 Mar 30, 2022 Mar 30, 2022 Mar 30, 2022 $1.05 4.51%
4 Mar 31, 2021 Mar 31, 2021 Mar 31, 2021 $1.11 4.29%
5 Oct 23, 2020 Oct 23, 2020 Oct 23, 2020 $0.363 1.75%

FAQ

What is the symbol for Skanska AB (publ) Stock and on which exchange is it traded?
The symbol for Skanska AB (publ) is SKBSY and it is traded on the PINK (Pink Sheets).

Should I buy or sell Skanska AB (publ) Stock?
Skanska 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 stock since the last evaluation from a Buy to a Hold/Accumulate candidate.

How to buy Skanska AB (publ) Stock?
Skanska AB (publ) Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Skanska AB (publ) Stock.

What's the current price of Skanska AB (publ) Stock?
As of the end of day on the Jun 28, 2024, the price of an Skanska AB (publ) (SKBSY) share was $18.27.

What is the 52-week high and low for Skanska AB (publ) Stock?
The 52-week high for Skanska AB (publ) Stock is $19.44 and the 52-week low is $13.10.

What is the market capitalization of Skanska AB (publ) Stock?
As of the Jun 28, 2024, the market capitalization of Skanska AB (publ) is 7.426B.

When is the next earnings date for Skanska AB (publ)?
The upcoming earnings date for Skanska AB (publ) is Jul 19, 2024.
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About Skanska AB (publ)

Skanska AB (publ) Skanska AB (publ) operates as a construction and project development company in the Nordic region, Europe, and the United States. It operates through three segments: Construction, Residential Development, and Commercial Property Development. The Construction segment builds bridges, roads, harbors, quays, hospitals, residences, and schools. The Residential Development segment develops and sells residential projects, including single and multi-fami... SKBSY Profile

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