Tryg A/S Stock Forecast

Tryg A/S stock price ended at kr151.90 on Tuesday, after losing 0.91%.
(Updated on Jun 25, 2024)

TRYG.CO Signals & Forecast

The Tryg A/S 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 kr151.84 and kr144.57. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -1.17%. 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. The stock had a Golden Star Signal on Tuesday, June 04, 2024 in the long-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 Tryg A/S stock

Tryg A/S finds support from accumulated volume at kr151.50 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 kr1.80 between high and low, or 1.19%. For the last week, the stock has had daily average volatility of 1.78%.

Our recommended stop-loss: kr147.10 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 43 days ago.)

Trading Expectations (TRYG.CO) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Tryg A/S to open at kr152.37, and during the day (based on 14 day Average True Range), to move between kr149.55 and kr154.25, which gives a possible trading interval of +/-kr2.35 (+/-1.55%) up or down from last closing price. If Tryg A/S takes out the full calculated possible swing range there will be an estimated 3.10% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr151.50 (0.26%) than the resistance at kr153.30 (0.92%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Tryg A/S 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 Tryg A/S stock to perform well in the short-term.

Current score: 2.022 Buy Candidate Unchanged

Predicted Opening Price for Tryg A/S of Wednesday, June 26, 2024

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