SAS AB Forecast and Stock Analysis
Technical 0O1W.L stock analysis for March 15, 2019.
SAS AB fell by -2.49% in the last day from 20.90 kr to 20.38 kr The price has fallen in 7 of the last 10 days and is down by -12.61% for this period. Volume fell in the last day along with the stock, which is actually a good sign as volume should follow the stock. In the last day the trading volume fell by -61 866 shares and in total 84 292 shares bought and sold for approximately 1.72 kr million.
Close price at the end of the last trading day (Friday, 15th Mar 2019) of the 0O1W.L stock was 20.38 kr. This is 2.49% less than the trading day before Thursday, 14th Mar 2019.
During day the stock fluctuated 3.24% from a day low at 20.38 kr to a day high of 21.04 kr.
30 day high of the 0O1W.L stock price was 24.36 kr and low was 20.10 kr.
90 day high was 24.90 kr and low was 19.88 kr.
52 week high for the SAS AB - 24.90 kr and low - 16.23 kr.
SAS AB has broken the wide and weak rising short-term trend down. This signalize a slower rising rate, but may also be an early warning about a possible trend shift. Due to trend being broken there will now be resistance at the bottom line of the trend at 20.87 kr. A reaction back to this level may hold a second chance to get out before further falls.
There are few to none technical positive signals at the moment. SAS AB holds sales signals from both short- and long-term moving averages. In addition, there is a general sales signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up there will be some resistance from the lines at 21.13 kr and 23.38 kr. A break-up above any of these levels will issue buy signals. A sales signal was issued from a pivot top point on Tuesday March 12, 2019, which indicates further falls until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Relative Strength Index (RSI)
The stock currently holds a RSI14 at 23 and is oversold on RSI14. The stock being oversold is no guarantee for instant reaction up as some stocks may be oversold for a long time. It is important to review the previous RSI-history to get an indication of the RSI-sensitiveness.
Support & Resistance
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move much during a day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.66 kr between high and low, or 3.24%. For the last week, the stock has had a daily average volatility of 4.20%.
SAS AB is oversold on RSI14 (23). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stoploss: We hold a sell evaluation for this stock. No stop-loss set.
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Evaluation: Strong Sell Candidate
The SAS AB stock holds several negative signals and despite the positive trend we believe SAS AB will perform weak in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our recommendation for this stock since last evaluation from a Sell Candidate to a Strong Sell Candidate.