Stendorren Fastigheter AB (publ) Stock Forecast

Stendorren Fastigheter AB (publ) stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Apr 19, 2024)

STEF-B.ST Signals & Forecast

There are mixed signals in the stock today. The Stendorren Fastigheter AB (publ) 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 kr179.73. On a fall, the stock will find some support from the short-term average at kr178.77. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 2.05%. Further rise is indicated until a new top pivot has been found.

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

Stendorren Fastigheter AB (publ) finds support from accumulated volume at kr179.20 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 kr4.20 between high and low, or 2.39%. For the last week the stock has had daily average volatility of 1.93%

Our recommended stop-loss: kr170.36 (-5.15%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 6 days ago.)

Trading Expectations (STEF-B.ST) For The Upcoming Trading Day Of Monday 22nd

For the upcoming trading day on Monday, 22nd we expect Stendorren Fastigheter AB (publ) to open at kr178.20, and during the day (based on 14 day Average True Range), to move between kr175.64 and kr183.56, which gives a possible trading interval of +/-kr3.96 (+/-2.20%) up or down from last closing price. If Stendorren Fastigheter AB (publ) takes out the full calculated possible swing range there will be an estimated 4.41% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr179.20 (0.22%) than the resistance at kr180.20 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Stendorren Fastigheter AB (publ) stock A Buy?

Stendorren Fastigheter 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.871 Hold/Accumulate Upgraded

Predicted Opening Price for Stendorren Fastigheter AB (publ) of Monday, April 22, 2024

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