Systemair AB (publ) Stock Forecast
Systemair AB (publ) stock price up 0.757% on Wednesday
(Updated on Jun 05, 2024)
The Systemair AB (publ) stock price gained 0.757% on the last trading day (Wednesday, 5th Jun 2024), rising from kr79.30 to kr79.90. During the last trading day the stock fluctuated 2.92% from a day low at kr78.90 to a day high of kr81.20. The price has been going up and down for this period, and there has been a 1.91% gain for the last 2 weeks. Volume fell on the last day by -114 thousand shares and in total, 54 thousand shares were bought and sold for approximately kr4.35 million. 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 middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 12.34% during the next 3 months and, with a 90% probability hold a price between kr84.49 and kr94.91 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SYSR.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 17, 2024, and so far it has fallen -3.15%. 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). The Systemair 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 kr78.33 and kr77.07. A breakdown below any of these levels will issue sell signals. 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.
Support, Risk & Stop-loss for Systemair AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr72.90 and kr71.30. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Systemair AB (publ) finds support just below today's level at kr72.90. If this is broken, then the next support from accumulated volume will be at kr71.30 and kr68.30.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr2.30 (2.92%) between high and low. For the last week, the stock has had daily average volatility of 3.86%.
Our recommended stop-loss: kr75.39 (-5.64%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 61 days ago.)
Trading Expectations (SYSR.ST) For The Upcoming Trading Day Of Friday 7th
For the upcoming trading day on Friday, 7th we expect Systemair AB (publ) to open at kr80.00, and during the day (based on 14 day Average True Range), to move between kr77.55 and kr82.25, which gives a possible trading interval of +/-kr2.35 (+/-2.94%) up or down from last closing price. If Systemair AB (publ) takes out the full calculated possible swing range there will be an estimated 5.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr80.30 (0.50%) than the support at kr72.90 (8.76%), 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 Systemair 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 Systemair AB (publ) stock to perform well in the short-term.
Current score: 2.623 Buy Candidate Unchanged
Predicted Opening Price for Systemair AB (publ) of Friday, June 7, 2024
| Fair opening price June 7, 2024 | Current price |
|---|---|
| kr80.00 ( 0.125%) | kr79.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SYSR.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 82.30 | 3.00% |
| R2 | 81.42 | 1.90% |
| R1 | 80.88 | 1.22% |
| Price | 79.90 | |
| S1 | 79.12 | -0.97% |
| S2 | 78.58 | -1.65% |
| S3 | 77.70 | -2.75% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 81.50 | 2.00% |
| R2 | 80.40 | 0.626% |
| R1 | 80.30 | 0.501% |
| Price | 79.90 | |
| S1 | 72.90 | -8.76% |
| S2 | 71.30 | -10.76% |
| S3 | 68.30 | -14.52% |
SYSR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 01, 2023 | Sep 01, 2023 | Sep 01, 2023 | kr1.10 | 1.58% |
| 2 | Aug 27, 2021 | Aug 27, 2021 | Aug 27, 2021 | kr0.750 | 0.86% |
| 3 | Aug 30, 2019 | Aug 30, 2019 | Aug 30, 2019 | kr0.500 | 1.63% |
| 4 | Aug 31, 2018 | Aug 31, 2018 | Aug 31, 2018 | kr0.500 | 1.77% |
| 5 | Aug 23, 2018 | Aug 23, 2018 | Aug 23, 2018 | kr2.00 | 8.11% |
FAQ
Click here for our free guide on how to buy Systemair AB (publ) Stock.
