ABG Sundal Collier Holding 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
ABG Sundal Collier Holding ASA stock price up 0.326% on Friday
(Updated on Jun 28, 2024)
The ABG Sundal Collier Holding ASA stock price gained 0.326% on the last trading day (Friday, 28th Jun 2024), rising from kr6.13 to kr6.15. During the last trading day the stock fluctuated 0.99% from a day low at kr6.09 to a day high of kr6.15. The price has been going up and down for this period, and there has been a -0.81% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 428 thousand more shares were traded than the day before. In total, 517 thousand shares were bought and sold for approximately kr3.18 million.
The stock lies in the middle of a wide and weak 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 4.35% during the next 3 months and, with a 90% probability hold a price between kr6.09 and kr6.77 at the end of this 3-month period.
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ABG.OL Signals & Forecast
The ABG Sundal Collier Holding ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr6.14 and kr6.15. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Friday, May 31, 2024, and so far it has fallen -3.91%. 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 ABG Sundal Collier Holding ASA stock
ABG Sundal Collier Holding ASA finds support from accumulated volume at kr6.14 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr0.0600 between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.77%.
Our recommended stop-loss: kr5.78 (-5.96%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (ABG.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ABG Sundal Collier Holding ASA to open at kr6.13, and during the day (based on 14 day Average True Range), to move between kr6.01 and kr6.29, which gives a possible trading interval of +/-kr0.143 (+/-2.33%) up or down from last closing price. If ABG Sundal Collier Holding ASA takes out the full calculated possible swing range there will be an estimated 4.65% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr6.14 (0.16%) than the resistance at kr6.17 (0.33%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
ABG Sundal Collier Holding ASA will release earnings BMO on Friday, July 05, 2024. We will update the financials statements for ABG Sundal Collier Holding ASA, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 4.03% in the first trading day after earnings release.
Is ABG Sundal Collier Holding ASA stock A Buy?
ABG Sundal Collier Holding ASA 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.
Current score: 0.380 Hold/Accumulate Unchanged
Predicted Opening Price for ABG Sundal Collier Holding ASA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr6.13 ( 0.325%) | kr6.15 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.19 | 0.650% |
| R2 | 6.17 | 0.278% |
| R1 | 6.15 | 0.0475% |
| Price | 6.15 | |
| S1 | 6.11 | -0.698% |
| S2 | 6.09 | -0.93% |
| S3 | 6.07 | -1.30% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 6.38 | 3.74% |
| R2 | 6.26 | 1.79% |
| R1 | 6.17 | 0.325% |
| Price | 6.15 | |
| S1 | 6.14 | -0.163% |
| S2 | 6.06 | -1.46% |
| S3 | 5.74 | -6.67% |
ABG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | Apr 29, 2024 | kr0.500 | 8.47% |
| 2 | Apr 27, 2023 | Apr 27, 2023 | Apr 27, 2023 | kr0.500 | 8.88% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr1.00 | 14.45% |
| 4 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | kr0.83 | 9.36% |
| 5 | Oct 21, 2020 | Oct 21, 2020 | Oct 21, 2020 | kr0.170 | 3.06% |
FAQ
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