VBG Group AB (publ) Stock Forecast
VBG Group AB (publ) stock price down 1.43% on Tuesday
(Updated on Jul 02, 2024)
The VBG Group AB (publ) stock price fell by -1.43% on the last day (Tuesday, 2nd Jul 2024) from kr489.00 to kr482.00. During the last trading day the stock fluctuated 3.61% from a day low at kr471.50 to a day high of kr488.50. The price has risen in 7 of the last 10 days and is up by 2.01% 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 -9 thousand shares and in total, 24 thousand shares were bought and sold for approximately kr11.43 million.
The stock lies in the middle of a 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 54.96% during the next 3 months and, with a 90% probability hold a price between kr731.93 and kr803.51 at the end of this 3-month period.
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VBG-B.ST Signals & Forecast
The VBG Group 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 kr475.07 and kr449.74. 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 Wednesday, June 19, 2024, and so far it has fallen -2.43%. 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 VBG Group AB (publ) stock
VBG Group AB (publ) finds support from accumulated volume at kr474.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr17.00 (3.61%) between high and low. For the last week, the stock has had daily average volatility of 3.03%.
Our recommended stop-loss: kr455.80 (-5.43%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 52 days ago.)
Trading Expectations (VBG-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect VBG Group AB (publ) to open at kr480.67, and during the day (based on 14 day Average True Range), to move between kr465.51 and kr498.49, which gives a possible trading interval of +/-kr16.49 (+/-3.42%) up or down from last closing price. If VBG Group AB (publ) takes out the full calculated possible swing range there will be an estimated 6.84% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr484.50 (0.52%) than the support at kr474.00 (1.66%), 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 VBG Group 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 VBG Group AB (publ) stock to perform well in the short-term.
Current score: 3.834 Buy Candidate Unchanged
Predicted Opening Price for VBG Group AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr480.67 ( 0.277%) | kr482.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VBG-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 497.67 | 3.25% |
| R2 | 491.17 | 1.90% |
| R1 | 487.16 | 1.07% |
| Price | 482.00 | |
| S1 | 474.17 | -1.62% |
| S2 | 470.16 | -2.46% |
| S3 | 463.67 | -3.80% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 494.00 | 2.49% |
| R2 | 488.00 | 1.24% |
| R1 | 484.50 | 0.519% |
| Price | 482.00 | |
| S1 | 474.00 | -1.66% |
| S2 | 456.00 | -5.39% |
| S3 | 409.00 | -15.15% |
VBG-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 10, 2024 | kr7.00 | 1.76% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr5.50 | 3.23% |
| 3 | May 05, 2022 | May 05, 2022 | May 05, 2022 | kr5.00 | 3.80% |
| 4 | Apr 30, 2021 | Apr 30, 2021 | Apr 30, 2021 | kr4.50 | 2.54% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | kr5.00 | 3.69% |
FAQ
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