Stendorren Fastigheter AB (publ) Stock Forecast
Stendorren Fastigheter AB (publ) stock price down 0% on Friday
(Updated on May 03, 2024)
No changes to the price of Stendorren Fastigheter AB (publ) stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 1.79% from a day low at kr178.40 to a day high of kr181.60. The price has fallen in 5 of the last 10 days but is still up by 0.89% over the past 2 weeks.
The stock lies the upper part of a falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr182.04 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -3.97% during the next 3 months and, with a 90% probability hold a price between kr161.64 and kr174.82 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
The Stendorren Fastigheter AB (publ) 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 kr178.14 and kr179.40. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 3.31%. 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".
Support, Risk & Stop-loss for Stendorren Fastigheter AB (publ) stock
Stendorren Fastigheter AB (publ) finds support from accumulated volume at kr180.20 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 kr3.20 between high and low, or 1.79%. For the last week the stock has had daily average volatility of 1.89%
Our recommended stop-loss: kr171.82 (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (STEF-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Stendorren Fastigheter AB (publ) to open at kr180.27, and during the day (based on 14 day Average True Range), to move between kr177.02 and kr184.58, which gives a possible trading interval of +/-kr3.78 (+/-2.09%) 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 4.18% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr180.20 (0.33%) than the resistance at kr181.80 (0.55%), 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.
Current score: 0.240 Hold/Accumulate Unchanged
Predicted Opening Price for Stendorren Fastigheter AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr180.27 ( 0.295%) | kr180.80 |
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 | 183.47 | 1.47 % | |
| R2 | 182.24 | 0.799 % | ||
| R1 | 181.49 | 0.381 % | ||
| Current price: | 180.80 | |||
| Support | S1 | 179.04 | -0.97 % | |
| S2 | 178.29 | -1.39 % | ||
| S3 | 177.07 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 185.00 | 2.32 % | |
| R2 | 183.80 | 1.66 % | ||
| R1 | 181.80 | 0.553 % | ||
| Current price | 180.80 | |||
| Support | S1 | 180.20 | -0.332% | |
| S2 | 179.20 | -0.88% | ||
| S3 | 179.00 | -1.00% |
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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