SKANSKA AB-B SHS (SKAB.ST) Stock Technical Analysis
STO:SKAB - Nasdaq Stockholm AB - SE0000113250 - Common Stock - Currency: SEK
Taking everything into account, SKAB scores 8 out of 10 in our technical rating. In the last year, SKAB was one of the better performers, but we do observe some doubts in the very recent evolution.
The long term trend is positive and the short term trend is neutral. The long term trend gets the benefit of the doubt for now.
Looking at the yearly performance, SKAB did better than 77% of all other stocks. On top of that, SKAB also shows a nice and consistent pattern of rising prices.
SKAB is currently trading in the upper part of its 52 week range. The market is still in the middle of its 52 week range, so SKAB slightly outperforms the market at the moment.
In the last month SKAB has a been trading in the 244.80 - 260.80 range, which is quite wide. It is currently trading in the middle of this range where prices have been consolidating recently, this may present a good entry opportunity, but some resistance may be present above.
Besides having an excellent technical rating, SKAB also presents a decent setup pattern. Prices have been consolidating lately. There is a resistance zone just above the current price starting at 260.21. Right above this resistance zone may be a good entry point. There is a support zone below the current price at 247.05, a Stop Loss order could be placed below this zone.
More info and screens
215.02
262.81
5 important support areas can be observed.
- A support zone ranging from 242.62 to 247.05. This zone is formed by a combination of multiple trend lines and important moving averages in multiple time frames.
- Support @233.89 from a trend line in the daily time frame.
- Support @228.65 from a horizontal line in the daily time frame.
- A support zone ranging from 222.07 to 224.89. This zone is formed by a combination of multiple trend lines in multiple time frames.
- Support @217.19 from a horizontal line in the weekly time frame.
When analyzing the resistance we notice one important area.
- A resistance zone ranging from 260.21 to 260.21. This zone is formed by a combination of multiple trend lines in multiple time frames.
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.81
Mansfield1.51
10 Day High257.45
10 Day Low244.8
20 Day High260.8
20 Day Low244.8
52 Week High262.5
52 Week Low180.45
Performance
1 Week-1.18%
2 Weeks0.64%
1 Month-1.37%
3 Month7.33%
6 Month26.09%
12 Month29.16%
2 Year58.81%
3 Year19.34%
5 Year64.95%
10 YearN/A
15 YearN/A
Daily CandleStick Patterns
Bullish Engulfing (D)
Bullish Hammer (D)
Bearish Inverted Hammer (D)
Hanging Man (D)
Bullish Harami (D)
Doji (D)
Gravestone Doji (D)
DragonFly Doji (D)
Bearish Engulfing (D)
Bearish Shooting Star (D)
Bearish Harami (D)
Inside Bar (D)
Red Dog Reversal Down (D)
Red Dog Reversal Up (D)
Dark Cloud Cover (D)
Weekly CandleStick Patterns
Bullish Engulfing (W)
Bullish Hammer (W)
Bearish Inverted Hammer (W)
Hanging Man (W)
Bullish Harami (W)
Doji (W)
Gravestone Doji (W)
DragonFly Doji (W)
Bearish Engulfing (W)
Bearish Shooting Star (W)
Bearish Harami (W)
Inside Bar (W)
Dark Cloud Cover (W)
Daily Chart Patterns
Bull Flag
Bear Flag
Ascending Triangle (D)
Descending Triangle (D)
Symmetrical Triangle (D)
Squeeze
Channel (D)
Channel Up (D)
Channel Down (D)
Rising Wedge (D)
Falling Wedge (D)
Double Bottom (D)
Multiple Bottom (D)
Double Top (D)
Multiple Top (D)
Weekly Chart Patterns
Weekly Bull Flag
Weekly Bear Flag
Squeeze Week
Channel (W)
Double Bottom (W)
Multiple Bottom (W)
Double Top (W)
Multiple Top (W)
Technical Indicators
MACD(12,26,9)-1.05
RSI(14)53.45
LBB246.59
UBB257.9
Important!: this is just an example which is fully automatically generated based on the analysis above and should in no way be interpreted as a suggestion. Always make your own analysis and determine your own entry and exit points.
| ENTRY | EXIT | DISTANCE | CAPITAL |
|---|---|---|---|
| 251.92 | 244.79 | 7.13 (2.83%) | 25.00% |
| An entry @251.92. This is a Buy Stop order right above the 10 day moving average. | An exit @244.79. This is a Stop Loss order right below the 10 day low. | The worst case loss on the trade is limited to 7.13 points, which is 2.83%. | For a 0.71% total portfolio risk, you can invest 25.00% of your capital in this trade. |
- The distance between exit and entry is rather small compared to the average daily movement of SKAB. Please evaluate whether better entry and exit points can be found.
- The generated setup is based on the nearest support and resistance areas. If you are looking for a more long term trade, probably a wider stop is advisable.
- This trade setup was generated fully automatically and should not be interpreted as trading advice. Always check the related news for upcoming earnings or other events. Make your own analysis and trade at your own responsibility.
STO:SKAB (3/7/2025, 5:29:45 PM)
251.8
+0.6 (+0.24%)
Chartmill TA Rating
Chartmill Setup Rating
Sector
GICS SectorN/A
GICS IndustryN/A
Performance
% Chg0.24%
1 Week-1.18%
2 Weeks0.64%
1 Month-1.37%
3 Month7.33%
6 Month26.09%
12 Month29.16%
2 Year58.81%
3 Year19.34%
5 Year64.95%
10 YearN/A
15 YearN/A
Volatility
ATR(14)5.43
ATR(20)%1.91%
ATR Inc43.32%
Range Today5.6
ADR(20)4.49
ADR(20)%1.78%
Trend & SMA
ST Trend
LT Trend
SMA(5)
SMA(10)
SMA(20)
SMA(50)
SMA(100)
SMA(200)
Relative Strength & Ranges
CRS77.81
Mansfield1.51
10 Day High257.45
10 Day Low244.8
20 Day High260.8
20 Day Low244.8
52 Week High262.5
52 Week Low180.45
CS1 End247.05
CR1 Start260.21
Volume & EV
DER(3)-5.66%
DER(5)-4.74%
Volume274.35K
Volume Incr-23.89%
Vol(5)279.38K
Vol(50)315.66K