ALFA-LAVAL AB ADR Stock Forecast
Stronger technical forecast for ALFA-LAVAL AB ADR stock price after Wednesday trading.
(Updated on Mar 27, 2024)
The ALFA-LAVAL AB ADR stock price fell by -0.488% on the last day (Wednesday, 27th Mar 2024) from $40.18 to $39.98. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 0.361% from a day low at $39.86 to a day high of $40.00. The price has fallen in 6 of the last 10 days and is down by -0.89% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -10 thousand shares and in total, 8 thousand shares were bought and sold for approximately $301.85 thousand.
The stock lies in the middle of a wide and 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 9.43% during the next 3 months and, with a 90% probability hold a price between $41.48 and $45.87 at the end of this 3-month period.
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ALFVY Signals & Forecast
The ALFA-LAVAL AB ADR stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately $40.79. On a fall, the stock will find some support from the long-term average at approximately $38.31. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Thursday, March 21, 2024, and so far it has fallen -4.08%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for ALFA-LAVAL AB ADR stock
On the downside, the stock finds support just below today's level from accumulated volume at $35.70 and $35.67. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, ALFA-LAVAL AB ADR finds support just below today's level at $35.70. If this is broken, then the next support from accumulated volume will be at $35.67 and $35.32.
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 $0.144 between high and low, or 0.361%. For the last week the stock has had daily average volatility of 0.793%.
Our recommended stop-loss: $37.93 (-5.13%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ALFVY) For The Upcoming Trading Day Of Thursday 28th
For the upcoming trading day on Thursday, 28th we expect ALFA-LAVAL AB ADR to open at $39.95, and during the day (based on 14 day Average True Range), to move between $39.41 and $40.55, which gives a possible trading interval of +/-$0.565 (+/-1.41%) up or down from last closing price. If ALFA-LAVAL AB ADR takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $40.18 (0.49%) than the support at $35.70 (10.71%), 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 ALFA-LAVAL AB ADR stock A Buy?
ALFA-LAVAL AB ADR 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: 0.354 Hold/Accumulate Upgraded
Predicted Opening Price for ALFA-LAVAL AB ADR of Thursday, March 28, 2024
Fair opening price March 28, 2024 | Current price |
---|---|
$39.95 ( 0.0800%) | $39.98 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALFVY
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 40.09 | 0.280 % | |
R2 | 40.04 | 0.143 % | ||
R1 | 40.00 | 0.0575 % | ||
Current price: | 39.98 | |||
Support | S1 | 39.89 | -0.218 % | |
S2 | 39.86 | -0.303 % | ||
S3 | 39.80 | -0.440 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 41.68 | 4.25 % | |
R2 | 40.61 | 1.58 % | ||
R1 | 40.18 | 0.490 % | ||
Current price | 39.98 | |||
Support | S1 | 35.70 | -10.71% | |
S2 | 35.67 | -10.78% | ||
S3 | 35.32 | -11.66% |
ALFVY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jul 25, 2023 | Apr 26, 2023 | May 18, 2023 | $0.574 | 1.54% |
2 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | $0.656 | 2.39% |
3 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | $0.643 | 1.80% |
4 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | $0.560 | 3.32% |
5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | $0.536 | 2.31% |
FAQ
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