Wise Group AB (publ) Stock Forecast
Stronger technical forecast for Wise Group AB (publ) stock price after Friday trading.
(Updated on May 24, 2024)
The Wise Group AB (publ) stock price gained 2.13% on the last trading day (Friday, 24th May 2024), rising from kr23.50 to kr24.00. During the last trading day the stock fluctuated 3.00% from a day low at kr23.30 to a day high of kr24.00. The price has been going up and down for this period, and there has been a 3% gain for the last 2 weeks. Volume fell on the last day by -5 thousand shares and in total, 5 thousand shares were bought and sold for approximately kr116.86 thousand. 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 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 -2.39% during the next 3 months and, with a 90% probability hold a price between kr21.98 and kr25.54 at the end of this 3-month period.
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WISE.ST Signals & Forecast
There are mixed signals in the stock today. 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 kr24.12. On a fall, the stock will find some support from the short-term average at kr23.83. 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. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -2.83%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Wise Group AB (publ) stock
Wise Group AB (publ) finds support from accumulated volume at kr23.90 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr0.700 between high and low, or 3.00%. For the last week the stock has had daily average volatility of 5.34%.
Our recommended stop-loss: kr23.14 (-3.59%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (WISE.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Wise Group AB (publ) to open at kr23.77, and during the day (based on 14 day Average True Range), to move between kr22.86 and kr25.14, which gives a possible trading interval of +/-kr1.14 (+/-4.74%) 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 9.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr24.10 (0.42%) than the support at kr23.90 (0.42%), 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 Wise Group AB (publ) stock A Buy?
Wise Group AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.953 Hold/Accumulate Upgraded
Predicted Opening Price for Wise Group AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr23.77 ( 0.97%) | kr24.00 |
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 | 24.47 | 1.94 % | |
| R2 | 24.20 | 0.83 % | ||
| R1 | 24.03 | 0.142 % | ||
| Current price: | 24.00 | |||
| Support | S1 | 23.50 | -2.09 % | |
| S2 | 23.33 | -2.77 % | ||
| S3 | 23.07 | -3.89 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 24.80 | 3.33 % | |
| R2 | 24.30 | 1.25 % | ||
| R1 | 24.10 | 0.417 % | ||
| Current price | 24.00 | |||
| Support | S1 | 23.90 | -0.417% | |
| S2 | 23.50 | -2.08% | ||
| S3 | 22.90 | -4.58% |
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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