# Saab shares hold above 690 SEK after strong defence order flow

**Published:** 2026-06-27T17:14:14.981Z  
**Topic:** Stock To Flow  
**Sentiment:** neutral  
**Publisher:** TrendWatcher — https://www.trendwatcher.in/article/16278650-8dd3-49f9-ba36-171ed6ff5983

Saab stock trades around 691.5 SEK, buoyed by a 1.5 bn SEK weapon contract and rising moving averages, with analysts targeting 420‑483 SEK over 12 months.

Saab B shares hovered at 691.5 SEK on 15 January 2026, staying well above a cluster of medium‑term moving averages after the company announced a 1.5 bn SEK order for its Trackfire Remote Weapon Station and the launch of Poland’s ORP Henryk Zygalski signals‑intelligence vessel【1】.  

| At a glance | |
|---|---|
| Price | 691.5 SEK |
| 24‑h range | 679.7 – 698.6 SEK |
| Key level | Above 20‑day SMA (~643 SEK) |
| Catalyst | 1.5 bn SEK defence order & Polish vessel launch |

## Order intake fuels the rally  
The 1.5 bn SEK contract from Sweden’s Defence Materiel Administration, booked in Q4 2025, added to an already elevated order backlog that totaled roughly 138 bn SEK for 2025【1】. Analysts note that the market’s focus in 2026 has shifted to Saab’s ability to execute long‑cycle programmes such as Gripen fighters and A26 submarines, a factor that underpins the current price strength. The stock’s technical profile supports the upside: the 20‑, 50‑, 100‑ and 200‑day simple moving averages sit near 575, 530, 529 and 500 SEK respectively, keeping the price comfortably above these trend lines【1】. Momentum indicators, including a 14‑day RSI of about 81, suggest the stock is in an overbought zone, but the ADX of 36.8 confirms an established uptrend【1】.

## Valuation spread and analyst outlook  
Third‑party forecasts for Saab’s shares show a wide dispersion. Kepler Cheuvreux set a 12‑month target of 420 SEK while maintaining a Reduce rating, citing strong order intake but flagging margin pressure and high valuation multiples【1】. Fintel’s consensus average target sits at 483.56 SEK, with a range from 272.70 SEK to 745.50 SEK【1】. For the ADR (SAABY), MarketWatch’s average target is $498.33, reflecting sensitivity to US‑dollar assumptions and order visibility【1】. The spread highlights uncertainty around defence spending cycles and execution risk, even as the stock’s price remains well above the lower end of these forecasts.

## Market sentiment and positioning  
Capital.com’s client data shows a pronounced long bias on Saab CFDs, with 94.9 % of positions held by buyers, a gap of roughly 90 percentage points over sellers【1】. This sentiment aligns with the technical picture of a strong trend, but the elevated RSI and the proximity of the next classic pivot resistance at 567.7 SEK (well below current levels) suggest that any sustained pullback could test deeper support near the 100‑day SMA (≈528.9 SEK)【1】.

## What to watch  
- **Resistance:** 750 SEK (recent high) and the next classic pivot at 567.7 SEK if the price retreats.  
- **Support:** 528.9 SEK (100‑day SMA) and 482.8 SEK (pivot S1) as deeper downside references.  
- **Upcoming data:** Quarterly order intake and delivery updates for Gripen and A26 programmes, which could shift analyst targets and market sentiment.  

Saab’s share price now reflects a blend of strong order flow, favourable technical positioning, and divergent analyst expectations. The key question is whether execution of its long‑cycle programmes can sustain the upside or trigger a correction from the current overbought state.

## Sources
1. Capital — [Saab Stock Forecast 2026–2030 | Future Outlook | Capital.com](https://capital.com/en-int/analysis/saab-stock-forecast)
2. Tradingview — [SAAB_B Stock Price and Chart — OMXSTO:SAAB_B — TradingView](https://www.tradingview.com/symbols/OMXSTO-SAAB_B/)

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Cite as: TrendWatcher, "Saab shares hold above 690 SEK after strong defence order flow", https://www.trendwatcher.in/article/16278650-8dd3-49f9-ba36-171ed6ff5983