Swedbank AB (publ) Stock Forecast
Evaluation of Swedbank AB (publ) stock downgraded after the last trading session.
(Updated on Jul 02, 2024)
The Swedbank AB (publ) stock price fell by -3.14% on the last day (Tuesday, 2nd Jul 2024) from kr222.60 to kr215.60. During the last trading day the stock fluctuated 3.49% from a day low at kr214.90 to a day high of kr222.40. The price has risen in 6 of the last 10 days and is up by 1.7% over the past 2 weeks. Volume has increased on the last day by 844 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, 2 million shares were bought and sold for approximately kr437.01 million.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Swedbank AB (publ) stock with a 90% probability to be traded between kr210.30 and kr224.96 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SWED-A.ST Signals & Forecast
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 Swedbank AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr217.24 and kr216.60. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, July 01, 2024, and so far it has fallen -3.14%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Swedbank AB (publ) stock
Swedbank AB (publ) finds support from accumulated volume at kr214.80 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 kr7.50 between high and low, or 3.49%. For the last week the stock has had daily average volatility of 1.93%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SWED-A.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Swedbank AB (publ) to open at kr217.63, and during the day (based on 14 day Average True Range), to move between kr211.31 and kr219.89, which gives a possible trading interval of +/-kr4.29 (+/-1.99%) up or down from last closing price. If Swedbank AB (publ) takes out the full calculated possible swing range there will be an estimated 3.98% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr214.80 (0.37%) than the resistance at kr216.50 (0.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Swedbank AB (publ) stock A Buy?
Swedbank 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: -3.470 Sell Candidate Downgraded
Predicted Opening Price for Swedbank AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr217.63 ( 0.94%) | kr215.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWED-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 225.13 | 4.42% |
| R2 | 222.27 | 3.09% |
| R1 | 220.50 | 2.27% |
| Price | 215.60 | |
| S1 | 214.77 | -0.386% |
| S2 | 213.00 | -1.21% |
| S3 | 210.13 | -2.54% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 218.10 | 1.16% |
| R2 | 217.40 | 0.83% |
| R1 | 216.50 | 0.417% |
| Price | 215.60 | |
| S1 | 214.80 | -0.371% |
| S2 | 213.90 | -0.788% |
| S3 | 208.00 | -3.53% |
SWED-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 04, 2024 | kr15.15 | 7.07% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | kr9.75 | 5.73% |
| 3 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | kr2.00 | 1.42% |
| 4 | Oct 29, 2021 | Oct 29, 2021 | Oct 29, 2021 | kr7.30 | 3.92% |
| 5 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr2.90 | 1.88% |
FAQ
Click here for our free guide on how to buy Swedbank AB (publ) Stock.
