Carlsberg A/S (ADR) Stock Forecast
Green day on Friday for Carlsberg A/S (ADR)
(Updated on Apr 26, 2024)
The Carlsberg A/S (ADR) stock price gained 0.256% on the last trading day (Friday, 26th Apr 2024), rising from $27.33 to $27.40. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 1.03% from a day low at $27.31 to a day high of $27.59. The price has risen in 6 of the last 10 days and is up by 5.38% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 3 million more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $92.77 million.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at $27.79 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Carlsberg A/S (ADR) stock with a 90% probability to be traded between $25.34 and $27.62 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CABGY Signals & Forecast
The Carlsberg A/S (ADR) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $26.85 and $26.87. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 7.37%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Carlsberg A/S (ADR) stock
Carlsberg A/S (ADR) finds support from accumulated volume at $27.22 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.280 (1.03%) between high and low. For the last week, the stock has had daily average volatility of 0.80%.
Our recommended stop-loss: $26.30 (-4.02%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (CABGY) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Carlsberg A/S (ADR) to open at $27.43, and during the day (based on 14 day Average True Range), to move between $26.99 and $27.81, which gives a possible trading interval of +/-$0.410 (+/-1.50%) up or down from last closing price. If Carlsberg A/S (ADR) takes out the full calculated possible swing range there will be an estimated 2.99% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $27.22 (0.66%) than the resistance at $27.61 (0.77%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Carlsberg A/S (ADR) stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Carlsberg A/S (ADR) stock to perform well in the short-term period.
Current score: 2.635 Buy Candidate Unchanged
Predicted Opening Price for Carlsberg A/S (ADR) of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| $27.43 ( 0.122%) | $27.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CABGY
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.71 | 1.14 % | |
| R2 | 27.61 | 0.753 % | ||
| R1 | 27.54 | 0.512 % | ||
| Current price: | 27.40 | |||
| Support | S1 | 27.33 | -0.269 % | |
| S2 | 27.26 | -0.510 % | ||
| S3 | 27.15 | -0.90 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.84 | 1.61 % | |
| R2 | 27.80 | 1.46 % | ||
| R1 | 27.61 | 0.766 % | ||
| Current price | 27.40 | |||
| Support | S1 | 27.22 | -0.657% | |
| S2 | 27.15 | -0.91% | ||
| S3 | 26.75 | -2.37% |
CABGY Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 12, 2024 | Mar 12, 2024 | Mar 21, 2024 | $0.526 | 2.00% |
| 2 | Jun 13, 2023 | Mar 14, 2023 | Mar 23, 2023 | $0.778 | 2.65% |
| 3 | Mar 15, 2022 | Mar 15, 2022 | Mar 24, 2022 | $0.722 | 3.08% |
| 4 | Mar 03, 2021 | Mar 16, 2021 | Mar 25, 2021 | $0.713 | 2.31% |
| 5 | Mar 02, 2020 | Mar 17, 2020 | Mar 26, 2020 | $0.620 | 2.82% |
FAQ
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