Wihlborgs Fastigheter AB (publ) Stock Forecast
Stronger technical forecast for Wihlborgs Fastigheter AB (publ) stock price after Monday trading.
(Updated on May 13, 2024)
The Wihlborgs Fastigheter AB (publ) stock price gained 0.782% on the last trading day (Monday, 13th May 2024), rising from kr95.90 to kr96.65. During the last trading day the stock fluctuated 1.46% from a day low at kr95.60 to a day high of kr97.00. The price has risen in 6 of the last 10 days and is up by 10.21% over the past 2 weeks. Volume fell on the last day by -101 thousand shares and in total, 142 thousand shares were bought and sold for approximately kr13.74 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and 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 11.96% during the next 3 months and, with a 90% probability hold a price between kr100.30 and kr116.99 at the end of this 3-month period.
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WIHL.ST Signals & Forecast
Mostly positive signals in the chart today. The Wihlborgs Fastigheter 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 kr95.42 and kr93.96. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 10.21%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Wihlborgs Fastigheter AB (publ) stock
Wihlborgs Fastigheter AB (publ) finds support from accumulated volume at kr92.55 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 (1.46%) between high and low. For the last week, the stock has had daily average volatility of 1.89%.
Our recommended stop-loss: kr93.48 (-3.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (WIHL.ST) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect Wihlborgs Fastigheter AB (publ) to open at kr96.42, and during the day (based on 14 day Average True Range), to move between kr94.28 and kr99.02, which gives a possible trading interval of +/-kr2.37 (+/-2.45%) up or down from last closing price. If Wihlborgs Fastigheter AB (publ) takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr96.80 (0.16%) than the support at kr92.55 (4.24%), 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 Wihlborgs Fastigheter AB (publ) stock A Buy?
Wihlborgs Fastigheter AB (publ) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.138 Strong Buy Candidate Upgraded
Predicted Opening Price for Wihlborgs Fastigheter AB (publ) of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr96.42 ( 0.241%) | kr96.65 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WIHL.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 97.82 | 1.21 % | |
| R2 | 97.28 | 0.654 % | ||
| R1 | 96.95 | 0.312 % | ||
| Current price: | 96.65 | |||
| Support | S1 | 95.88 | -0.795 % | |
| S2 | 95.55 | -1.14 % | ||
| S3 | 95.02 | -1.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 98.30 | 1.71 % | |
| R2 | 97.70 | 1.09 % | ||
| R1 | 96.80 | 0.155 % | ||
| Current price | 96.65 | |||
| Support | S1 | 92.55 | -4.24% | |
| S2 | 88.80 | -8.12% | ||
| S3 | 86.80 | -10.19% |
WIHL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr3.15 | 3.33% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr3.10 | 3.79% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr3.00 | 3.59% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr2.63 | 2.95% |
| 5 | Apr 29, 2020 | Apr 29, 2020 | Apr 29, 2020 | kr2.25 | 3.27% |
FAQ
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