Panoro Energy Asa Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Red day on Wednesday for Panoro Energy Asa
(Updated on Jun 26, 2024)
No changes to the price of Panoro Energy Asa stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0% from a day low at kr33.80 to a day high of kr33.80. The price has fallen in 5 of the last 10 days.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr32.83 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 28.00% during the next 3 months and, with a 90% probability hold a price between kr42.03 and kr49.30 at the end of this 3-month period.
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0N08.L Signals & Forecast
The Panoro Energy Asa stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr33.79 and kr33.14. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Panoro Energy Asa stock
On the downside, the stock finds support just below today's level from accumulated volume at kr31.80 and kr28.75. 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, Panoro Energy Asa finds support just below today's level at kr31.80. If this is broken, then the next support from accumulated volume will be at kr28.75 and kr27.42.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.738%
Our recommended stop-loss: kr31.78 (-5.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (0N08.L) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Panoro Energy Asa to open at kr33.80, and during the day (based on 14 day Average True Range), to move between kr33.07 and kr34.53, which gives a possible trading interval of +/-kr0.734 (+/-2.17%) up or down from last closing price. If Panoro Energy Asa takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr34.15 (1.04%) than the support at kr31.80 (5.92%), 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 Panoro Energy Asa stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Panoro Energy Asa stock to perform well in the short-term.
Current score: 4.165 Buy Candidate Unchanged
Predicted Opening Price for Panoro Energy Asa of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr33.80 ( 0%) | kr33.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0N08.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.80 | - |
| R2 | 33.80 | - |
| R1 | 33.80 | - |
| Price | 33.80 | |
| S1 | 33.80 | - |
| S2 | 33.80 | - |
| S3 | 33.80 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.70 | 5.62% |
| R2 | 34.35 | 1.63% |
| R1 | 34.15 | 1.04% |
| Price | 33.80 | |
| S1 | 31.80 | -5.92% |
| S2 | 28.75 | -14.94% |
| S3 | 27.42 | -18.88% |
0N08 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 04, 2024 | Jun 04, 2024 | Jun 13, 2024 | kr0.427 | 1.32% |
| 2 | Mar 08, 2024 | Mar 08, 2024 | Mar 21, 2024 | kr0.427 | 1.59% |
| 3 | Dec 07, 2023 | Dec 07, 2023 | Dec 07, 2023 | kr0.342 | 1.33% |
| 4 | Sep 12, 2023 | Sep 12, 2023 | Sep 12, 2023 | kr0.342 | 1.16% |
| 5 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | kr0.266 | 1.04% |
FAQ
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