ABO-Group Environment NV 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
ABO-Group Environment NV stock price ended at 5.70€ on Friday, after gaining 1.79%.
(Updated on Jun 28, 2024)
The ABO-Group Environment NV stock price gained 1.79% on the last trading day (Friday, 28th Jun 2024), rising from 5.60€ to 5.70€. During the last trading day the stock fluctuated 0% from a day low at 5.70€ to a day high of 5.70€. The price has been going up and down for this period, and there has been a 0.88% gain 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, 1 more shares were traded than the day before. In total, 1 shares were bought and sold for approximately 5.70€ .
The stock has broken the horizontal trend up. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately. 5.69€ is considered to be a "second chance" to hit a potential runner. It is, however, important that volume does follow the price as false breaks may appear and it may move back into the horizontal trend. Based on the rectangle-formation theory the stock is predicted to reach 6.07€ sometime during the next 3 months.
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ABO.BB Signals & Forecast
The ABO-Group Environment NV 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 5.59€ and 5.60€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, June 17, 2024, and so far it has risen 5.56%. Further rise is indicated until a new top pivot has been found. ABO-Group Environment NV 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for ABO-Group Environment NV stock
ABO-Group Environment NV finds support from accumulated volume at 5.60€ 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 0.179%.
Our recommended stop-loss: 5.42€ (-4.97%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 12 days ago.)
Trading Expectations (ABO.BB) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect ABO-Group Environment NV to open at 5.70€, and during the day (based on 14 day Average True Range), to move between 5.61€ and 5.79€, which gives a possible trading interval of +/-0.0855€ (+/-1.50%) up or down from last closing price. If ABO-Group Environment NV takes out the full calculated possible swing range there will be an estimated 3.00% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 5.75€ (0.88%) than the support at 5.60€ (1.75%), 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 ABO-Group Environment NV stock A Buy?
ABO-Group Environment NV 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: 0.000 Hold/Accumulate Unchanged
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 ABO-Group Environment NV of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
5.70€ ( 0%) | 5.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ABO.BB
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.70 | - |
R2 | 5.70 | - |
R1 | 5.70 | - |
Price | 5.70 | |
S1 | 5.70 | - |
S2 | 5.70 | - |
S3 | 5.70 | - |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 5.90 | 3.51% |
R2 | 5.85 | 2.63% |
R1 | 5.75 | 0.88% |
Price | 5.70 | |
S1 | 5.60 | -1.75% |
S2 | 5.55 | -2.63% |
S3 | 5.35 | -6.14% |
ABO Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 21, 2024 | Mar 21, 2024 | Mar 25, 2024 | 0.0940€ | 0% |
FAQ
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