Wise Group AB (publ) Stock Forecast
Red day on Friday for Wise Group AB (publ) stock after losing 0%
(Updated on May 03, 2024)
No changes to the price of Wise Group AB (publ) stock on the last trading day (Friday, 3rd May 2024). During the last trading day the stock fluctuated 2.65% from a day low at kr22.60 to a day high of kr23.20. The price has fallen in 7 of the last 10 days and is down by -10.08% for this period.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.61% during the next 3 months and, with a 90% probability hold a price between kr17.65 and kr20.42 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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WISE.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 29, 2024, and so far it has risen 2.20%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Wise Group AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr24.19. On a fall, the stock will find some support from the short-term average at kr23.14. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Wise Group AB (publ) stock
Wise Group AB (publ) finds support from accumulated volume at kr23.10 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.600 between high and low, or 2.65%. For the last week the stock has had daily average volatility of 4.92%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (WISE.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Wise Group AB (publ) to open at kr23.00, and during the day (based on 14 day Average True Range), to move between kr22.01 and kr24.39, which gives a possible trading interval of +/-kr1.19 (+/-5.14%) up or down from last closing price. If Wise Group AB (publ) takes out the full calculated possible swing range there will be an estimated 10.28% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr23.10 (0.43%) than the resistance at kr23.90 (3.02%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Wise Group AB (publ) stock A Buy?
Wise Group AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.370 Sell Candidate Unchanged
Predicted Opening Price for Wise Group AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr23.00 ( 0.86%) | kr23.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for WISE.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.60 | 1.72 % | |
| R2 | 23.37 | 0.736 % | ||
| R1 | 23.23 | 0.126 % | ||
| Current price: | 23.20 | |||
| Support | S1 | 22.77 | -1.85 % | |
| S2 | 22.63 | -2.46 % | ||
| S3 | 22.40 | -3.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.00 | 16.38 % | |
| R2 | 24.30 | 4.74 % | ||
| R1 | 23.90 | 3.02 % | ||
| Current price | 23.20 | |||
| Support | S1 | 23.10 | -0.431% | |
| S2 | 23.00 | -0.86% | ||
| S3 | 22.90 | -1.29% |
WISE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr4.00 | 10.26% |
| 2 | May 20, 2022 | May 20, 2022 | May 20, 2022 | kr1.00 | 1.92% |
| 3 | May 16, 2019 | May 16, 2019 | May 16, 2019 | kr3.50 | 7.13% |
| 4 | May 17, 2018 | May 17, 2018 | May 17, 2018 | kr3.00 | 4.76% |
| 5 | May 10, 2017 | May 10, 2017 | May 10, 2017 | kr3.00 | 4.62% |
FAQ
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