Axactor SE 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 Tuesday for Axactor SE stock after losing 0.102%
(Updated on Apr 30, 2024)
The Axactor SE stock price fell by -0.102% on the last day (Tuesday, 30th Apr 2024) from kr4.88 to kr4.88. During the last trading day the stock fluctuated 2.29% from a day low at kr4.81 to a day high of kr4.92. The price has fallen in 6 of the last 10 days and is down by -1.91% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -113 thousand shares and in total, 114 thousand shares were bought and sold for approximately kr555.67 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Axactor SE stock with a 90% probability to be traded between kr4.64 and kr5.23 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ACR.OL Signals & Forecast
The Axactor SE stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr4.89. On a fall, the stock will find some support from the long-term average at approximately kr4.79. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. A buy signal was issued from a pivot bottom point on Friday, April 19, 2024, and so far it has risen 0.515%. 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 along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Axactor SE stock
Axactor SE finds support from accumulated volume at kr4.87 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 controlled movements and therefore the general risk is considered 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 kr0.110 between high and low, or 2.29%. For the last week the stock has had daily average volatility of 2.52%.
Our recommended stop-loss: kr4.59 (-5.83%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 7 days ago.)
Trading Expectations (ACR.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Axactor SE to open at kr4.87, and during the day (based on 14 day Average True Range), to move between kr4.74 and kr5.01, which gives a possible trading interval of +/-kr0.136 (+/-2.79%) up or down from last closing price. If Axactor SE takes out the full calculated possible swing range there will be an estimated 5.59% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr4.87 (0.21%) than the resistance at kr4.94 (1.23%), 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
Axactor SE will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for Axactor SE, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.82% in the first trading day after earnings release.
Is Axactor SE stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Axactor SE stock to perform well in the short-term period.
Current score: 2.474 Buy Candidate Unchanged
Predicted Opening Price for Axactor SE of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr4.87 ( 0.137%) | kr4.88 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ACR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.98 | 2.12 % | |
| R2 | 4.94 | 1.26 % | ||
| R1 | 4.91 | 0.725 % | ||
| Current price: | 4.88 | |||
| Support | S1 | 4.83 | -1.00 % | |
| S2 | 4.80 | -1.53 % | ||
| S3 | 4.76 | -2.39 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 5.16 | 5.85 % | |
| R2 | 5.00 | 2.56 % | ||
| R1 | 4.94 | 1.23 % | ||
| Current price | 4.88 | |||
| Support | S1 | 4.87 | -0.205% | |
| S2 | 4.85 | -0.513% | ||
| S3 | 4.74 | -2.87% |
FAQ
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