Studsvik AB (publ) Stock Forecast
Studsvik AB (publ) stock upgraded to Buy Candidate.
(Updated on Jun 17, 2024)
The Studsvik AB (publ) stock price gained 2.70% on the last trading day (Monday, 17th Jun 2024), rising from kr133.20 to kr136.80. During the last trading day the stock fluctuated 3.48% from a day low at kr132.20 to a day high of kr136.80. The price has been going up and down for this period, and there has been a 4.11% gain for the last 2 weeks. Volume fell on the last day by -3 thousand shares and in total, 3 thousand shares were bought and sold for approximately kr450.48 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the upper part of a wide and weak rising 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 kr140.00 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 4.79% during the next 3 months and, with a 90% probability hold a price between kr126.07 and kr146.70 at the end of this 3-month period.
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SVIK.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -1.16%. Further fall is indicated until a new bottom pivot has been found. 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. The Studsvik AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr134.26 and kr127.03. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Studsvik AB (publ) stock
Studsvik AB (publ) finds support from accumulated volume at kr134.80 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr4.60 between high and low, or 3.48%. For the last week the stock has had daily average volatility of 2.91%.
Our recommended stop-loss: kr131.72 (-3.71%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 31 days ago.)
Trading Expectations (SVIK.ST) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Studsvik AB (publ) to open at kr135.27, and during the day (based on 14 day Average True Range), to move between kr132.11 and kr141.49, which gives a possible trading interval of +/-kr4.69 (+/-3.43%) up or down from last closing price. If Studsvik AB (publ) takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr138.40 (1.17%) than the support at kr134.80 (1.46%), 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, 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 Studsvik AB (publ) 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: 1.390 Buy Candidate Upgraded
Predicted Opening Price for Studsvik AB (publ) of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr135.27 ( 1.12%) | kr136.80 |
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 | |
|---|---|---|
| R3 | 139.87 | 2.24% |
| R2 | 138.11 | 0.96% |
| R1 | 137.02 | 0.164% |
| Price | 136.80 | |
| S1 | 133.51 | -2.41% |
| S2 | 132.42 | -3.20% |
| S3 | 130.67 | -4.48% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 138.40 | 1.17% |
| Price | 136.80 | |
| S1 | 134.80 | -1.46% |
| S2 | 126.00 | -7.89% |
| S3 | 117.00 | -14.47% |
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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