Sydbank A/S Stock Forecast

Green day on Thursday for Sydbank A/S
(Updated on Jun 27, 2024)

SYDB.CO Signals & Forecast

The Sydbank A/S stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr372.94. On a fall, the stock will find some support from the long-term average at approximately kr363.04. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 19, 2024, and so far it has fallen -2.22%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Friday, May 17, 2024 in the short-term chart.

Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.

Support, Risk & Stop-loss for Sydbank A/S stock

Sydbank A/S finds support from accumulated volume at kr365.40 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 kr5.20 between high and low, or 1.42%. For the last week, the stock has had daily average volatility of 2.27%.

Our recommended stop-loss: kr356.16 (-3.53%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 13 days ago.)

Trading Expectations (SYDB.CO) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Sydbank A/S to open at kr368.53, and during the day (based on 14 day Average True Range), to move between kr359.76 and kr378.64, which gives a possible trading interval of +/-kr9.44 (+/-2.56%) up or down from last closing price. If Sydbank A/S takes out the full calculated possible swing range there will be an estimated 5.11% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr369.40 (0.05%) than the support at kr365.40 (1.03%), 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 Sydbank A/S stock A Buy?

Sydbank A/S 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: -0.475 Hold/Accumulate Unchanged

Predicted Opening Price for Sydbank A/S of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.