Sword Group S.E. Stock Forecast
Sword Group S.E. stock upgraded from Hold/Accumulate to Buy Candidate after Monday trading session.
(Updated on May 27, 2024)
The Sword Group S.E. stock price gained 0.130% on the last trading day (Monday, 27th May 2024), rising from 38.50€ to 38.55€. During the last trading day the stock fluctuated 0.91% from a day low at 38.50€ to a day high of 38.85€. The price has risen in 6 of the last 10 days and is up by 5.47% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 3 thousand shares were bought and sold for approximately 117.92€ 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 has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 38.33€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 41.73€ sometime during the next 3 months.
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SWP.PA Signals & Forecast
The Sword Group S.E. 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 37.36€ and 36.28€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has risen 10.30%. 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 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.
Support, Risk & Stop-loss for Sword Group S.E. stock
Sword Group S.E. finds support from accumulated volume at 37.30€ 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 0.350€ between high and low, or 0.91%. For the last week the stock has had daily average volatility of 2.13%.
The Sword Group S.E. stock is extremely overbought on RSI14 (77). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 36.64€ (-4.96%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 20 days ago.)
Trading Expectations (SWP.PA) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Sword Group S.E. to open at 38.63€, and during the day (based on 14 day Average True Range), to move between 37.80€ and 39.30€, which gives a possible trading interval of +/-0.749€ (+/-1.94%) up or down from last closing price. If Sword Group S.E. takes out the full calculated possible swing range there will be an estimated 3.89% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 37.30€, some 1.25€ (3.24%) from the current price of 38.55€, our system finds the risk reward attractive.
Is Sword Group S.E. stock A Buy?
Several short-term signals are positive and the stock has broken the horizontal trend up, which indicates an even stronger rate of rising. We conclude that the current level may hold a buying opportunity as there is a fair chance for Sword Group S.E. stock to perform well in the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 1.598 Buy Candidate Upgraded
Predicted Opening Price for Sword Group S.E. of Tuesday, May 28, 2024
| Fair opening price May 28, 2024 | Current price |
|---|---|
| 38.63€ ( 0.216%) | 38.55€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SWP.PA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 38.98 | 1.12 % | |
| R2 | 38.85 | 0.777 % | ||
| R1 | 38.77 | 0.563 % | ||
| Current price: | 38.55 | |||
| Support | S1 | 38.50 | -0.131 % | |
| S2 | 38.42 | -0.345 % | ||
| S3 | 38.28 | -0.692 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 38.55 | |||
| Support | S1 | 37.30 | -3.24% | |
| S2 | 36.50 | -5.32% | ||
| S3 | 35.10 | -8.95% |
SWP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 30, 2024 | Apr 30, 2024 | May 03, 2024 | 1.70€ | 4.86% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 1.70€ | 3.97% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | 10.00€ | 24.30% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | 4.80€ | 12.78% |
| 5 | Sep 02, 2020 | Sep 10, 2020 | Sep 14, 2020 | 2.40€ | 7.36% |
FAQ
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