Airthings 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
Green day on Tuesday for Airthings ASA
(Updated on Apr 30, 2024)
The Airthings ASA stock price gained 4.21% on the last trading day (Tuesday, 30th Apr 2024), rising from kr3.09 to kr3.22. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 7.64% from a day low at kr3.01 to a day high of kr3.24. The price has risen in 5 of the last 10 days and is up by 8.78% 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, 228 thousand more shares were traded than the day before. In total, 422 thousand shares were bought and sold for approximately kr1.36 million.
Given the current short-term trend, the stock is expected to fall -5.43% during the next 3 months and, with a 90% probability hold a price between kr2.59 and kr3.05 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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AIRX.OL Signals & Forecast
The Airthings 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 kr3.01 and kr2.97. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, March 25, 2024, and so far it has risen 14.59%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Airthings ASA 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. Higher liquidity also reduces the general risk. The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Wednesday, April 24, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Airthings ASA stock
Airthings ASA finds support from accumulated volume at kr3.10 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 kr0.230 between high and low, or 7.64%. For the last week the stock has had daily average volatility of 5.08%.
Our recommended stop-loss: kr3.07 (-4.56%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 23 days ago.)
Trading Expectations (AIRX.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Airthings ASA to open at kr3.16, and during the day (based on 14 day Average True Range), to move between kr3.10 and kr3.34, which gives a possible trading interval of +/-kr0.117 (+/-3.65%) up or down from last closing price. If Airthings ASA takes out the full calculated possible swing range there will be an estimated 7.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr3.29 (2.02%) than the support at kr3.10 (3.88%), 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 Airthings ASA stock A Buy?
Airthings 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: 0.000 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 Airthings ASA of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr3.16 ( 1.97%) | kr3.22 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AIRX.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.39 | 5.18 % | |
| R2 | 3.30 | 2.45 % | ||
| R1 | 3.24 | 0.762 % | ||
| Current price: | 3.22 | |||
| Support | S1 | 3.07 | -4.70 % | |
| S2 | 3.01 | -6.38 % | ||
| S3 | 2.93 | -9.11 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.37 | 4.66 % | |
| R2 | 3.30 | 2.33 % | ||
| R1 | 3.29 | 2.02 % | ||
| Current price | 3.22 | |||
| Support | S1 | 3.10 | -3.88% | |
| S2 | 3.00 | -6.83% | ||
| S3 | 2.95 | -8.39% |
FAQ
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