Wallenstam AB (publ) Stock Forecast
Wallenstam AB (publ) stock price up 0.98% on Friday
(Updated on May 31, 2024)
The Wallenstam AB (publ) stock price gained 0.98% on the last trading day (Friday, 31st May 2024), rising from kr51.15 to kr51.65. During the last trading day the stock fluctuated 2.78% from a day low at kr50.30 to a day high of kr51.70. The price has been going up and down for this period, and there has been a -2.46% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately kr129.58 million.
The stock lies in the middle of a wide and 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 8.15% during the next 3 months and, with a 90% probability hold a price between kr51.14 and kr59.77 at the end of this 3-month period.
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WALL-B.ST Signals & Forecast
The Wallenstam 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 kr51.23 and kr49.56. A breakdown below any of these levels will issue sell signals. 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 Wednesday, May 15, 2024, and so far it has fallen -2.91%. 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).
Support, Risk & Stop-loss for Wallenstam AB (publ) stock
Wallenstam AB (publ) finds support from accumulated volume at kr49.96 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 kr1.40 (2.78%) between high and low. For the last week, the stock has had daily average volatility of 3.14%.
Our recommended stop-loss: kr49.30 (-4.54%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 30 days ago.)
Trading Expectations (WALL-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Wallenstam AB (publ) to open at kr51.22, and during the day (based on 14 day Average True Range), to move between kr50.27 and kr53.03, which gives a possible trading interval of +/-kr1.38 (+/-2.67%) up or down from last closing price. If Wallenstam AB (publ) takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr52.35 (1.36%) than the support at kr49.96 (3.27%), 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 Wallenstam 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 Wallenstam AB (publ) stock to perform well in the short-term.
Current score: 2.365 Buy Candidate Unchanged
Predicted Opening Price for Wallenstam AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr51.22 ( 0.84%) | kr51.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WALL-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 52.62 | 1.87 % | |
| R2 | 52.08 | 0.84 % | ||
| R1 | 51.75 | 0.196 % | ||
| Current price: | 51.65 | |||
| Support | S1 | 50.68 | -1.87 % | |
| S2 | 50.35 | -2.51 % | ||
| S3 | 49.82 | -3.55 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.20 | 3.00 % | |
| R2 | 53.00 | 2.61 % | ||
| R1 | 52.35 | 1.36 % | ||
| Current price | 51.65 | |||
| Support | S1 | 49.96 | -3.27% | |
| S2 | 48.96 | -5.21% | ||
| S3 | 47.84 | -7.38% |
WALL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 28, 2024 | Oct 28, 2024 | Nov 01, 2024 | kr0.250 | 0.491% |
| 2 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | kr0 | 0% |
| 3 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr0.300 | 0.777% |
| 4 | Oct 28, 2022 | Oct 28, 2022 | Oct 28, 2022 | kr0.300 | 0.793% |
| 5 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr0.300 | 0.545% |
FAQ
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