TF Bank AB (publ) Stock Forecast
TF Bank AB (publ) stock price down 0.444% on Thursday
(Updated on May 16, 2024)
The TF Bank AB (publ) stock price fell by -0.444% on the last day (Thursday, 16th May 2024) from kr225.00 to kr224.00. During the last trading day the stock fluctuated 1.80% from a day low at kr222.00 to a day high of kr226.00. The price has fallen in 6 of the last 10 days but is still up by 6.67% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -3 thousand shares and in total, 7 thousand shares were bought and sold for approximately kr1.51 million.
The stock lies in the upper part of a wide and strong 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 kr230.81 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 30.16% during the next 3 months and, with a 90% probability hold a price between kr245.69 and kr300.43 at the end of this 3-month period.
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TFBANK.ST Signals & Forecast
The TF Bank 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 kr216.71 and kr191.89. A breakdown below any of these levels will issue sell signals. 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 Tuesday, May 14, 2024, and so far it has fallen -2.18%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for TF Bank AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr209.00 and kr199.00. 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, TF Bank AB (publ) finds support just below today's level at kr209.00. If this is broken, then the next support from accumulated volume will be at kr199.00 and kr187.00.
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 kr4.00 between high and low, or 1.80%. For the last week, the stock has had daily average volatility of 3.99%.
Our recommended stop-loss: kr214.09 (-4.43%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (TFBANK.ST) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect TF Bank AB (publ) to open at kr224.00, and during the day (based on 14 day Average True Range), to move between kr217.33 and kr230.67, which gives a possible trading interval of +/-kr6.67 (+/-2.98%) up or down from last closing price. If TF Bank AB (publ) takes out the full calculated possible swing range there will be an estimated 5.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr225.00 (0.45%) than the support at kr209.00 (6.70%), 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 TF Bank 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 TF Bank AB (publ) stock to perform well in the short-term.
Current score: 3.081 Buy Candidate Unchanged
Predicted Opening Price for TF Bank AB (publ) of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| kr224.00 ( 0%) | kr224.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFBANK.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 228.00 | 1.79 % | |
| R2 | 226.47 | 1.10 % | ||
| R1 | 225.53 | 0.682 % | ||
| Current price: | 224.00 | |||
| Support | S1 | 222.47 | -0.682 % | |
| S2 | 221.53 | -1.10 % | ||
| S3 | 220.00 | -1.79 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 229.00 | 2.23 % | ||
| R1 | 225.00 | 0.446 % | ||
| Current price | 224.00 | |||
| Support | S1 | 209.00 | -6.70% | |
| S2 | 199.00 | -11.16% | ||
| S3 | 187.00 | -16.52% |
TFBANK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr1.00 | 0.631% |
| 2 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.00 | 0.631% |
| 3 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.500 | 0.676% |
| 4 | May 08, 2019 | May 08, 2019 | May 08, 2019 | kr2.30 | 2.29% |
| 5 | May 03, 2018 | May 03, 2018 | May 03, 2018 | kr2.25 | 2.99% |
FAQ
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