SP Group A/S Stock Forecast
Green day on Monday for SP Group A/S
(Updated on May 13, 2024)
The SP Group A/S stock price gained 3.04% on the last trading day (Monday, 13th May 2024), rising from kr214.00 to kr220.50. During the last trading day the stock fluctuated 2.55% from a day low at kr216.00 to a day high of kr221.50. The price has risen in 6 of the last 10 days and is up by 3.76% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 471 more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately kr1.49 million.
The stock lies in the middle of a very wide and strong 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 23.66% during the next 3 months and, with a 90% probability hold a price between kr250.09 and kr312.69 at the end of this 3-month period.
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SPG.CO Signals & Forecast
The SP Group A/S stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr212.00 and kr213.26. 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). SP Group A/S has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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, April 04, 2024, and so far it has fallen -4.96%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for SP Group A/S stock
SP Group A/S finds support from accumulated volume at kr212.50 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr5.50 between high and low, or 2.55%. For the last week the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: kr211.16 (-4.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 25 days ago.)
Trading Expectations (SPG.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect SP Group A/S to open at kr219.33, and during the day (based on 14 day Average True Range), to move between kr214.57 and kr226.43, which gives a possible trading interval of +/-kr5.93 (+/-2.69%) up or down from last closing price. If SP Group A/S takes out the full calculated possible swing range there will be an estimated 5.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr222.50 (0.91%) than the support at kr212.50 (3.63%), 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 SP Group A/S 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 SP Group A/S stock to perform well in the short-term.
Current score: 2.477 Buy Candidate Unchanged
Predicted Opening Price for SP Group A/S of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr219.33 ( 0.529%) | kr220.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPG.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 224.83 | 1.97 % | |
| R2 | 222.73 | 1.01 % | ||
| R1 | 221.43 | 0.424 % | ||
| Current price: | 220.50 | |||
| Support | S1 | 217.23 | -1.48 % | |
| S2 | 215.93 | -2.07 % | ||
| S3 | 213.83 | -3.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 232.00 | 5.22 % | |
| R2 | 229.00 | 3.85 % | ||
| R1 | 222.50 | 0.91 % | ||
| Current price | 220.50 | |||
| Support | S1 | 212.50 | -3.63% | |
| S2 | 212.00 | -3.85% | ||
| S3 | 202.50 | -8.16% |
SPG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | Apr 30, 2024 | kr3.00 | 1.38% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | Apr 30, 2024 | kr3.00 | 1.38% |
| 3 | May 01, 2023 | May 01, 2023 | May 01, 2023 | kr3.00 | 1.02% |
| 4 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr3.00 | 0.89% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr5.00 | 1.44% |
FAQ
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