Tryg A/S Stock Forecast
Tryg A/S stock price ended at kr152.20 on Friday, after gaining 0.795%.
(Updated on Jun 28, 2024)
The Tryg A/S stock price gained 0.795% on the last trading day (Friday, 28th Jun 2024), rising from kr151.00 to kr152.20. During the last trading day the stock fluctuated 1.33% from a day low at kr150.60 to a day high of kr152.60. The price has risen in 6 of the last 10 days and is up by 6.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 106 thousand more shares were traded than the day before. In total, 522 thousand shares were bought and sold for approximately kr79.41 million.
The stock lies in the middle of a weak 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 8.52% during the next 3 months and, with a 90% probability hold a price between kr157.36 and kr168.14 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.
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 kr152.16 and kr145.62. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 -0.98%. Further fall is indicated until a new bottom pivot has been found. 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.
Golden Star 12 Months
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 kr2.00 between high and low, or 1.33%. For the last week, the stock has had daily average volatility of 1.26%.
Our recommended stop-loss: kr145.86 (-4.17%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (TRYG.CO) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Tryg A/S to open at kr151.80, and during the day (based on 14 day Average True Range), to move between kr150.00 and kr154.40, which gives a possible trading interval of +/-kr2.20 (+/-1.45%) up or down from last closing price. If Tryg A/S takes out the full calculated possible swing range there will be an estimated 2.89% 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 (0.46%) than the resistance at kr153.30 (0.72%), 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: 1.237 Buy Candidate Unchanged
Predicted Opening Price for Tryg A/S of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr151.80 ( 0.263%) | kr152.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TRYG.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 153.80 | 1.05% |
| R2 | 153.04 | 0.549% |
| R1 | 152.56 | 0.239% |
| Price | 152.20 | |
| S1 | 151.04 | -0.765% |
| S2 | 150.56 | -1.07% |
| S3 | 149.80 | -1.58% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 153.70 | 0.99% |
| R2 | 153.60 | 0.92% |
| R1 | 153.30 | 0.723% |
| Price | 152.20 | |
| S1 | 151.50 | -0.460% |
| S2 | 144.00 | -5.39% |
| S3 | 141.20 | -7.23% |
TRYG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 18, 2024 | Apr 18, 2024 | Apr 22, 2024 | kr1.95 | 1.42% |
| 2 | Jan 26, 2024 | Jan 26, 2024 | Jan 30, 2024 | kr1.85 | 1.26% |
| 3 | Oct 16, 2023 | Oct 16, 2023 | Oct 16, 2023 | kr1.85 | 1.35% |
| 4 | Jul 12, 2023 | Jul 12, 2023 | Jul 12, 2023 | kr1.85 | 1.38% |
| 5 | Apr 21, 2023 | Apr 21, 2023 | Apr 25, 2023 | kr1.85 | 1.16% |
FAQ
Click here for our free guide on how to buy Tryg A/S Stock.
