SkiStar AB (publ) Stock Forecast
SkiStar AB (publ) stock downgraded from Strong Buy Candidate to Buy Candidate after Monday trading session.
(Updated on May 13, 2024)
The SkiStar AB (publ) stock price fell by -1.32% on the last day (Monday, 13th May 2024) from kr159.40 to kr157.30. During the last trading day the stock fluctuated 2.04% from a day low at kr156.60 to a day high of kr159.80. The price has risen in 7 of the last 10 days and is up by 4.66% 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 -19 thousand shares and in total, 44 thousand shares were bought and sold for approximately kr6.91 million.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr154.24 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 23.63% during the next 3 months and, with a 90% probability hold a price between kr190.69 and kr219.32 at the end of this 3-month period.
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SKIS-B.ST Signals & Forecast
The SkiStar 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 kr156.11 and kr152.88. 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, March 28, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. 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 SkiStar AB (publ) stock
SkiStar AB (publ) finds support from accumulated volume at kr151.60 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 kr3.20 (2.04%) between high and low. For the last week, the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: kr151.08 (-3.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 28 days ago.)
Trading Expectations (SKIS-B.ST) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect SkiStar AB (publ) to open at kr157.90, and during the day (based on 14 day Average True Range), to move between kr153.75 and kr160.85, which gives a possible trading interval of +/-kr3.55 (+/-2.25%) up or down from last closing price. If SkiStar AB (publ) takes out the full calculated possible swing range there will be an estimated 4.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr157.60 (0.19%) than the support at kr151.60 (3.62%), 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 SkiStar 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 SkiStar AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 2.309 Buy Candidate Downgraded
Predicted Opening Price for SkiStar AB (publ) of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr157.90 ( 0.381%) | kr157.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKIS-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 161.10 | 2.42 % | |
| R2 | 159.88 | 1.64 % | ||
| R1 | 159.12 | 1.16 % | ||
| Current price: | 157.30 | |||
| Support | S1 | 156.68 | -0.396 % | |
| S2 | 155.92 | -0.88 % | ||
| S3 | 154.70 | -1.65 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 159.90 | 1.65 % | |
| R2 | 158.20 | 0.572 % | ||
| R1 | 157.60 | 0.191 % | ||
| Current price | 157.30 | |||
| Support | S1 | 151.60 | -3.62% | |
| S2 | 146.20 | -7.06% | ||
| S3 | 145.70 | -7.37% |
SKIS-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 11, 2023 | Dec 11, 2023 | Dec 11, 2023 | kr0 | 0% |
| 2 | Dec 12, 2022 | Dec 12, 2022 | Dec 12, 2022 | kr3.00 | 2.60% |
| 3 | Dec 13, 2021 | Dec 13, 2021 | Dec 13, 2021 | kr1.50 | 0.93% |
| 4 | Dec 16, 2019 | Dec 16, 2019 | Dec 16, 2019 | kr3.50 | 2.82% |
| 5 | Dec 17, 2018 | Dec 17, 2018 | Dec 17, 2018 | kr3.50 | 3.30% |
FAQ
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