H. Lundbeck AS Forecast and Stock Analysis
Technical 0I40.L stock analysis for March 22, 2019.
H. Lundbeck AS fell by -1.58% in the last day from 303.55 kr to 298.75 kr The price has been going up and down for this period, and there has been a -1.4% loss for the last 2 weeks. Volume has increased in the last day by 11 892 shares, but on falling prices. This may be an early warning and the risk will be increased slightly for the next couple of days. In total, 74 422 shares bought and sold for approximately 22.23 kr million.
Close price at the end of the last trading day (Friday, 22nd Mar 2019) of the 0I40.L stock was 298.75 kr. This is 1.58% less than the trading day before Thursday, 21st Mar 2019.
During day the stock fluctuated 2.73% from a day low at 296.60 kr to a day high of 304.70 kr.
30 day high of the 0I40.L stock price was 305.65 kr and low was 284.00 kr.
90 day high was 305.65 kr and low was 262.90 kr.
52 week high for the H. Lundbeck AS - 476.00 kr and low - 253.40 kr.
H. Lundbeck AS lies in the middle of a 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 4.97% during the next 3 months and, with 90% probability hold a price between 300.77 kr and 325.91 kr at the end of this period.
H. Lundbeck AS holds buy signals from both short- and long-term moving averages. In addition, 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 298.60 kr and 294.63 kr. A break down 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 sales signal was issued from a pivot top point on Thursday March 21, 2019, which indicates further falls until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Relative Strength Index (RSI)
RSI14 is 47 and the stock is currently not being overbought or oversold
Support & Resistance
H. Lundbeck AS finds support from accumulated volume at 295.70 kr.
This stock is usually traded at good volume, and with minor daily changes the risk is considered to be low. During the last day, the stock moved 8.10 kr (2.73%) between high and low. For the last week, the stock has had a daily average volatility of 3.13%.
Our recommended stoploss: 287.36 kr (-3.81%) (This stock has low daily movements and this gives low risk. There is a sell signal from pivot top found 1 days ago.)
Very Low Low Medium High Very High
H. Lundbeck AS holds several positive signals, but we still don't find these to be enough for a buy-recommendation. At the current level we recommend to hold or accumulate in this position whilst awaiting for further development. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Strong Buy Candidate to a Hold/Accumulate.