Akastor 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
Akastor ASA stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Akastor ASA stock price gained 1.99% on the last trading day (Friday, 24th May 2024), rising from kr14.10 to kr14.38. During the last trading day the stock fluctuated 2.71% from a day low at kr14.00 to a day high of kr14.38. The price has risen in 6 of the last 10 days and is up by 6.52% 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, 59 thousand more shares were traded than the day before. In total, 175 thousand shares were bought and sold for approximately kr2.52 million.
The stock lies in the middle of a wide and 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 32.74% during the next 3 months and, with a 90% probability hold a price between kr17.82 and kr19.80 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AKAST.OL Signals & Forecast
The Akastor 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 kr13.89 and kr12.71. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Monday, May 13, 2024, and so far it has risen 7.47%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). The stock had a Golden Star Signal on Tuesday, July 25, 2023 in the long-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 12 Months
The stock had a Golden Star Signal on Tuesday, July 25, 2023 in the long-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 Akastor ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr13.66 and kr13.60. 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, Akastor ASA finds support just below today's level at kr13.66. If this is broken, then the next support from accumulated volume will be at kr13.60 and kr12.20.
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 kr0.380 between high and low, or 2.71%. For the last week the stock has had daily average volatility of 2.39%.
Our recommended stop-loss: kr13.70 (-4.71%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (AKAST.OL) For The Upcoming Trading Day Of Tuesday 28th
For the upcoming trading day on Tuesday, 28th we expect Akastor ASA to open at kr14.25, and during the day (based on 14 day Average True Range), to move between kr14.02 and kr14.74, which gives a possible trading interval of +/-kr0.361 (+/-2.51%) up or down from last closing price. If Akastor ASA takes out the full calculated possible swing range there will be an estimated 5.03% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr13.66, some kr0.720 (5.01%) from the current price of kr14.38, our system finds the risk reward attractive.
Is Akastor ASA stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Akastor ASA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.032 Buy Candidate Upgraded
Predicted Opening Price for Akastor ASA of Tuesday, May 28, 2024
Fair opening price May 28, 2024 | Current price |
---|---|
kr14.25 ( 0.88%) | kr14.38 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKAST.OL
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 14.63 | 1.76 % | |
R2 | 14.49 | 0.752 % | ||
R1 | 14.40 | 0.129 % | ||
Current price: | 14.38 | |||
Support | S1 | 14.11 | -1.89 % | |
S2 | 14.02 | -2.51 % | ||
S3 | 13.87 | -3.52 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 0 | . | ||
Current price | 14.38 | |||
Support | S1 | 13.66 | -5.01% | |
S2 | 13.60 | -5.42% | ||
S3 | 12.20 | -15.16% |
AKAST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2014 | Apr 11, 2014 | Apr 11, 2014 | kr4.10 | 16.87% |
2 | Apr 15, 2013 | Apr 15, 2013 | Apr 15, 2013 | kr4.00 | 13.96% |
3 | Apr 16, 2012 | Apr 16, 2012 | Apr 16, 2012 | kr3.90 | 15.86% |
4 | May 09, 2011 | May 09, 2011 | May 09, 2011 | kr2.75 | 9.79% |
5 | Apr 09, 2010 | Apr 09, 2010 | Apr 09, 2010 | kr2.60 | 11.43% |
FAQ
Click here for our free guide on how to buy Akastor ASA Stock.