Alm. Brand AS Stock Forecast
Alm. Brand AS stock price down 0% on Thursday
(Updated on Aug 08, 2019)
No changes to the price of Alm. Brand AS stock on the last trading day (Thursday, 8th Aug 2019). During the last trading day the stock fluctuated 0% from a day low at £58.40 to a day high of £58.40. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks.
The stock lies in the middle of a 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 -2.25% during the next 3 months and, with a 90% probability hold a price between £54.53 and £57.73 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
0DJI.L Signals & Forecast
The Alm. Brand AS 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 £58.40 and £58.31. 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 Monday, June 17, 2019, and so far it has fallen -0.341%. 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 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 Alm. Brand AS stock
Alm. Brand AS finds support from accumulated volume at £58.10 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 very controlled movements and therefore the general risk is considered very 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 £0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (0DJI.L) For The Upcoming Trading Day Of Friday 9th
For the upcoming trading day on Friday, 9th we expect Alm. Brand AS to open at £58.40, and during the day (based on 14 day Average True Range), to move between £58.18 and £58.62, which gives a possible trading interval of +/-£0.219 (+/-0.38%) up or down from last closing price. If Alm. Brand AS takes out the full calculated possible swing range there will be an estimated 0.75% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at £58.10 (0.51%) than the resistance at £59.18 (1.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Alm. Brand AS stock A Buy?
Alm. Brand AS 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: -1.694 Sell Candidate Unchanged
Predicted Opening Price for Alm. Brand AS of Friday, August 9, 2019
| Fair opening price August 9, 2019 | Current price |
|---|---|
| £58.40 ( 0%) | £58.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0DJI.L
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 58.40 | . | |
| R2 | 58.40 | . | ||
| R1 | 58.40 | . | ||
| Current price: | 58.40 | |||
| Support | S1 | 58.40 | . | |
| S2 | 58.40 | . | ||
| S3 | 58.40 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 61.23 | 4.84 % | |
| R2 | 60.25 | 3.17 % | ||
| R1 | 59.18 | 1.33 % | ||
| Current price | 58.40 | |||
| Support | S1 | 58.10 | -0.514% | |
| S2 | 57.88 | -0.90% | ||
| S3 | 57.78 | -1.07% |
FAQ
Click here for our free guide on how to buy Alm. Brand AS Stock.
