Alfa Laval AB (publ) 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
Alfa Laval AB (publ) stock price up 0.151% on Friday
(Updated on Jun 28, 2024)
The Alfa Laval AB (publ) stock price gained 0.151% on the last trading day (Friday, 28th Jun 2024), rising from kr463.40 to kr464.10. During the last trading day the stock fluctuated 1.11% from a day low at kr460.70 to a day high of kr465.80. The price has been going up and down for this period, and there has been a -3.57% 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, 110 thousand more shares were traded than the day before. In total, 398 thousand shares were bought and sold for approximately kr184.66 million.
Given the current short-term trend, the stock is expected to rise 13.26% during the next 3 months and, with a 90% probability hold a price between kr525.63 and kr588.74 at the end of this 3-month period.
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ALFA.ST Signals & Forecast
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. The Alfa Laval AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr466.03 and kr479.34. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -5.86%. 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). The stock had a Golden Star Signal on Monday, February 12, 2024 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 Monday, February 12, 2024 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 Alfa Laval AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr434.20 and kr423.50. 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, Alfa Laval AB (publ) finds support just below today's level at kr434.20. If this is broken, then the next support from accumulated volume will be at kr423.50 and kr421.50.
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 kr5.10 between high and low, or 1.11%. For the last week the stock has had daily average volatility of 2.19%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ALFA.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Alfa Laval AB (publ) to open at kr463.53, and during the day (based on 14 day Average True Range), to move between kr455.38 and kr472.82, which gives a possible trading interval of +/-kr8.72 (+/-1.88%) up or down from last closing price. If Alfa Laval AB (publ) takes out the full calculated possible swing range there will be an estimated 3.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr468.10 (0.86%) than the support at kr434.20 (6.44%), 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 Alfa Laval AB (publ) stock A Buy?
The Alfa Laval AB (publ) stock holds several negative signals and despite the positive trend, we believe Alfa Laval AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -2.001 Sell Candidate Unchanged
Predicted Opening Price for Alfa Laval AB (publ) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr463.53 ( 0.122%) | kr464.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALFA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 468.63 | 0.98% |
| R2 | 466.69 | 0.557% |
| R1 | 465.48 | 0.298% |
| Price | 464.10 | |
| S1 | 461.59 | -0.542% |
| S2 | 460.38 | -0.80% |
| S3 | 458.43 | -1.22% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 485.20 | 4.55% |
| R2 | 485.00 | 4.50% |
| R1 | 468.10 | 0.86% |
| Price | 464.10 | |
| S1 | 434.20 | -6.44% |
| S2 | 423.50 | -8.75% |
| S3 | 421.50 | -9.18% |
ALFA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr7.50 | 1.60% |
| 2 | Apr 26, 2023 | Apr 26, 2023 | Apr 26, 2023 | kr6.00 | 1.59% |
| 3 | Apr 27, 2022 | Apr 27, 2022 | Apr 27, 2022 | kr6.00 | 2.22% |
| 4 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr5.50 | 1.85% |
| 5 | Apr 25, 2019 | Apr 25, 2019 | Apr 25, 2019 | kr5.00 | 2.26% |
FAQ
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