Also Holding Ag 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
Weaker technical forecast for Also Holding Ag as stock downgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Also Holding Ag stock price gained 1.09% on the last trading day (Friday, 28th Jun 2024), rising from 274.00 Fr to 277.00 Fr. During the last trading day the stock fluctuated 0.725% from a day low at 276.00 Fr to a day high of 278.00 Fr. The price has risen in 5 of the last 10 days and is up by 2.4% 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, 310 more shares were traded than the day before. In total, 310 shares were bought and sold for approximately 85.87 Fr thousand.
The stock lies in the middle of a strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 26.13% during the next 3 months and, with a 90% probability hold a price between 331.13 Fr and 359.49 Fr at the end of this 3-month period.
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0QLW.L Signals & Forecast
The Also Holding Ag 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 275.40 Fr and 259.83 Fr. A breakdown below any of these levels will issue sell signals. Also Holding Ag has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, June 20, 2024, and so far it has fallen -0.717%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Also Holding Ag stock
On the downside, the stock finds support just below today's level from accumulated volume at 262.00 Fr and 236.04 Fr. 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, Also Holding Ag finds support just below today's level at 262.00 Fr. If this is broken, then the next support from accumulated volume will be at 236.04 Fr and 234.00 Fr.
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 2.00 Fr (0.725%) between high and low. For the last week, the stock has had daily average volatility of 0.88%.
Our recommended stop-loss: 265.16 Fr (-4.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 46 days ago.)
Trading Expectations (0QLW.L) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Also Holding Ag to open at 277.00 Fr, and during the day (based on 14 day Average True Range), to move between 273.30 Fr and 280.70 Fr, which gives a possible trading interval of +/-3.70 Fr (+/-1.33%) up or down from last closing price. If Also Holding Ag takes out the full calculated possible swing range there will be an estimated 2.67% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 279.00 Fr (0.72%) than the support at 262.00 Fr (5.42%), 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 Also Holding Ag stock A Buy?
Also Holding Ag holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Also Holding Ag of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 277.00 Fr ( 0%) | 277.00 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for 0QLW.L
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 279.00 | 0.722% |
| R2 | 278.24 | 0.446% |
| R1 | 277.76 | 0.276% |
| Price | 277.00 | |
| S1 | 276.24 | -0.276% |
| S2 | 275.76 | -0.446% |
| S3 | 275.00 | -0.722% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 279.00 | 0.722% |
| Price | 277.00 | |
| S1 | 262.00 | -5.42% |
| S2 | 236.04 | -14.79% |
| S3 | 234.00 | -15.52% |
0QLW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 27, 2024 | 4.80 Fr | 2.03% |
| 2 | Mar 21, 2023 | Mar 21, 2023 | Mar 21, 2023 | 4.60 Fr | 2.54% |
| 3 | Feb 12, 2018 | Mar 23, 2017 | Apr 04, 2018 | 2.25 Fr | 1.84% |
FAQ
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