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Takip Edin: @UscMarketsSDVKY Stock Forecast & Sandvik AB (publ) Chart Analysis
This article provides a detailed analysis of SDVKY-Sandvik AB (publ) stock including a forecast for SDVKY shares. It features Sandvik AB (publ) technical analysis, support and resistance levels, financial report evaluations, buy and sell signals based on simple moving averages and MACD, and artificial intelligence-assisted target price predictions
Stocks can be purchased through banks, brokerage firms, investment funds, and individual retirement systems.
SDVKY Historical Data Review
SDVKY Current Price Performance Analysis
The Sandvik AB (publ) - SDVKY stock traded on the American stock market, on 06-05-2024, closed at 21.58$ with a %0.89 increased compared to the previous day.
In the last month, the price of SDVKY changed by %4.05 increased in value, from 20.74 dollars on 05-06-2024 to 21.58 dollars, increased.
Last year, the price of SDVKY was 18.7 dollars on 06-06-2023, and changed by %15.40 increased in value, to 21.58 dollars increased within a year.
The price of Sandvik AB (publ) stock is below both the 50-day and 100-day moving averages. Looks a bit grim for the medium and long term. Investors might want to tread carefully here, maybe give those risk strategies another once-over.
SDVKY with AI Stock Forecast & Price Target
On the SDVKY chart Sandvik AB (publ) price was recorded as 21.58 Dollars on 06/05/2024.
The artificial intelligence's forecast on SDVKY stock is as follows.
The artificial intelligence's prediction error margin for SDVKY stock is very high.
There are two types of risk factors in the artificial intelligence's targets: timing and target prices.
For example, the target price for one month later may be realized three months later. But there is no guarantee of this.
The average predicted price for Sandvik AB (publ) stock over the next 4 months is: 20.5 Dollars.
The commentary on SDVKY stock Target Price: Highest: 21.947 Dollars is predicted.
The commentary on SDVKY stock Target Price: Lowest: 19.091 Dollars is predicted.
Resistance Price where Sandvik AB (publ) stock will Rise and Fall:
| Date | Price Prediction |
|---|---|
| 10-03-2024 | 21.308 |
| 12-02-2024 | 21.947 |
Support Price where Sandvik AB (publ) stock will Fall and Rise:
| Date | Price Prediction |
|---|---|
| 08-19-2024 | 19.489 |
| 10-28-2024 | 20.766 |
| 03-12-2025 | 19.091 |
The commentary on SDVKY stock: The target price can generally be said to be on the decline.
The commentary on SDVKY stock: Fluctuations in the target price can be expected in the coming days.
The target price for Sandvik AB (publ) stock by the end of 2024 is predicted to be 21.183 Dollars.
The price prediction graph prepared with the help of artificial intelligence, the commentary on SDVKY stock, and the 2024 target price predictions for Sandvik AB (publ) are detailed above.
The technical analysis and charts for the commentary on SDVKY stock are below.
SDVKY Support & Resistance and Trend Analysis
SDVKY stock you have reviewed the technical analysis support resistance charts regarding.
SDVKY : Targeting Support and Resistance Price Levels
According to the algorithmic analysis results related to the SDVKY review, the Sandvik AB (publ) support and resistance prices are as follows.
Support and resistance levels on the chart are not absolute. They may vary depending on market conditions and macroeconomic indicators.
Sandvik AB (publ) Support and Resistance Prices:
| SDVKY Support Level Price | SDVKY Resistance Level Price |
|---|---|
| 19.47 | 21.33 |
| 19.78 | 21.41 |
| 20.16 | 22.00 |
| 21.83 | 22.42 |
| 22.26 | 23.26 |
| 23.50 |
SDVKY Technical Analysis: SMA, RSI, MACD
Upon reviewing the SDVKY chart, buy and sell signals have been generated in the Sandvik AB (publ) technical analysis with technical indicators. There are over 100 technical indicators in the market. Each technical indicator can produce different signals.
However, please remember that technical analysis is only a tool and exact results cannot be guaranteed.
On The technical analysis chart and stock comments for SDVKY stock are as follows:- The technical analysis for SDVKY indicates that the 14-period RSI has most recently generated a 'Sell' signal.
- The technical analysis for Sandvik AB (publ) indicates that the MACD indicator (with parameters 9, 12, 26) has most recently generated a 'Sell' signal.
Basic Technical Analysis Tips for Financial Markets
- Moving averages may not yield reliable results in stagnant, sideways markets.
- According to MACD technical analysis, the most optimal buying opportunity is a 'Buy' signal given when the MACD is below the 0 level.
- An RSI crossing below 70 is used as a sell signal, and a crossing above 30 is used as a buy signal.
- During a strong upward trend, the RSI can rise above 70 and stay there.
- No indicator is perfect. Having indicators corroborate each other can increase the chances of success.
- Instead of fully relying on these indicators for your investment decisions, it is recommended to conduct a comprehensive analysis and consult a professional financial advisor.
You have read the comments, technical analyses, target prices, and financial reports for Sandvik AB (publ) stock: Click here to read more predictions on Sun Hung Kai stock.
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