Studsvik AB (publ) Stock Forecast
Studsvik AB (publ) stock price up more than 5.64% on Friday
(Updated on May 17, 2024)
The Studsvik AB (publ) stock price gained 5.64% on the last trading day (Friday, 17th May 2024), rising from kr117.00 to kr123.60. During the last trading day the stock fluctuated 7.22% from a day low at kr116.40 to a day high of kr124.80. The price has been going up and down for this period, and there has been a 5.28% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 14 thousand shares were bought and sold for approximately kr1.78 million.
Given the current short-term trend, the stock is expected to fall -12.17% during the next 3 months and, with a 90% probability hold a price between kr100.01 and kr108.56 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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SVIK.ST Signals & Forecast
Mostly positive signals in the chart today. The Studsvik 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 kr119.20 and kr122.92. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 5.64%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Studsvik AB (publ) stock
Studsvik AB (publ) finds support from accumulated volume at kr119.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr8.40 between high and low, or 7.22%. For the last week, the stock has had daily average volatility of 3.94%.
Our recommended stop-loss: kr117.46 (-4.96%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SVIK.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Studsvik AB (publ) to open at kr121.60, and during the day (based on 14 day Average True Range), to move between kr119.73 and kr127.47, which gives a possible trading interval of +/-kr3.87 (+/-3.13%) up or down from last closing price. If Studsvik AB (publ) takes out the full calculated possible swing range there will be an estimated 6.25% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr126.00 (1.94%) than the support at kr119.00 (3.72%), 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 Studsvik AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.410 Buy Candidate Upgraded
Predicted Opening Price for Studsvik AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr121.60 ( 1.62%) | kr123.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVIK.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 130.00 | 5.18 % | |
| R2 | 126.79 | 2.58 % | ||
| R1 | 124.81 | 0.98 % | ||
| Current price: | 123.60 | |||
| Support | S1 | 118.39 | -4.21 % | |
| S2 | 116.41 | -5.82 % | ||
| S3 | 113.20 | -8.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.00 | 8.41 % | |
| R2 | 133.60 | 8.09 % | ||
| R1 | 126.00 | 1.94 % | ||
| Current price | 123.60 | |||
| Support | S1 | 119.00 | -3.72% | |
| S2 | 117.40 | -5.02% | ||
| S3 | 117.00 | -5.34% |
SVIK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr2.00 | 1.68% |
| 2 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | kr2.00 | 1.60% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr2.00 | 1.98% |
| 4 | Jun 24, 2021 | Jun 24, 2021 | Jun 24, 2021 | kr1.00 | 1.20% |
| 5 | Apr 28, 2017 | Apr 28, 2017 | Apr 28, 2017 | kr1.00 | 1.65% |
FAQ
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