Stendorren Fastigheter AB (publ) Stock Forecast
Weaker technical forecast for Stendorren Fastigheter AB (publ) as stock downgraded to Sell Candidate.
(Updated on Apr 24, 2024)
The Stendorren Fastigheter AB (publ) stock price fell by -2.20% on the last day (Wednesday, 24th Apr 2024) from kr182.00 to kr178.00. During the last trading day the stock fluctuated 2.47% from a day low at kr177.80 to a day high of kr182.20. The price has been going up and down for this period, and there has been a 0.56% gain for the last 2 weeks. Volume has increased on the last day by 3 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 5 thousand shares were bought and sold for approximately kr818.98 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -4.69% during the next 3 months and, with a 90% probability hold a price between kr160.47 and kr173.84 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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STEF-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 1.14%. 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. The Stendorren Fastigheter AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr179.43 and kr179.57. A break-up above any of these levels will issue buy signals. Stendorren Fastigheter AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Stendorren Fastigheter AB (publ) stock
Stendorren Fastigheter AB (publ) finds support from accumulated volume at kr177.00 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 kr4.40 between high and low, or 2.47%. For the last week the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (STEF-B.ST) For The Upcoming Trading Day Of Thursday 25th
For the upcoming trading day on Thursday, 25th we expect Stendorren Fastigheter AB (publ) to open at kr179.33, and during the day (based on 14 day Average True Range), to move between kr174.08 and kr181.92, which gives a possible trading interval of +/-kr3.92 (+/-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 resistance from accumulated volume at kr179.00 (0.56%) than the support at kr177.00 (0.56%), 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 Stendorren Fastigheter AB (publ) stock A Buy?
Stendorren Fastigheter AB (publ) holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.754 Sell Candidate Downgraded
Predicted Opening Price for Stendorren Fastigheter AB (publ) of Thursday, April 25, 2024
| Fair opening price April 25, 2024 | Current price |
|---|---|
| kr179.33 ( 0.749%) | kr178.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for STEF-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 183.73 | 3.22 % | |
| R2 | 182.05 | 2.28 % | ||
| R1 | 181.01 | 1.69 % | ||
| Current price: | 178.00 | |||
| Support | S1 | 177.65 | -0.195 % | |
| S2 | 176.61 | -0.779 % | ||
| S3 | 174.93 | -1.72 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 180.20 | 1.24 % | |
| R2 | 179.20 | 0.674 % | ||
| R1 | 179.00 | 0.562 % | ||
| Current price | 178.00 | |||
| Support | S1 | 177.00 | -0.562% | |
| S2 | 176.60 | -0.787% | ||
| S3 | 173.00 | -2.81% |
STEF-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 01, 2019 | Apr 01, 2019 | Apr 01, 2019 | kr0.560 | 0.500% |
| 2 | Jan 02, 2019 | Jan 02, 2019 | Jan 02, 2019 | kr0.560 | 0.561% |
| 3 | Oct 01, 2018 | Oct 01, 2018 | Oct 01, 2018 | kr0.560 | 0.605% |
| 4 | Jul 02, 2018 | Jul 02, 2018 | Jul 02, 2018 | kr0.560 | 0.648% |
| 5 | Mar 29, 2018 | Mar 29, 2018 | Mar 29, 2018 | kr0.500 | 0.633% |
FAQ
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