ALK-Abelló A/S 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
Evaluation of ALK-Abelló A/S stock downgraded after the last trading session.
(Updated on May 17, 2024)
The ALK-Abelló A/S stock price fell by -2.50% on the last day (Friday, 17th May 2024) from kr155.90 to kr152.00. During the last trading day the stock fluctuated 2.78% from a day low at kr151.20 to a day high of kr155.40. The price has risen in 6 of the last 10 days and is up by 15.85% over the past 2 weeks. 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 -17 thousand shares and in total, 184 thousand shares were bought and sold for approximately kr27.91 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr156.17 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 11.56% during the next 3 months and, with a 90% probability hold a price between kr143.07 and kr174.23 at the end of this 3-month period.
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ALK-B.CO Signals & Forecast
The ALK-Abelló A/S 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 kr153.96. On a fall, the stock will find some support from the long-term average at approximately kr133.15. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -2.50%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for ALK-Abelló A/S stock
ALK-Abelló A/S finds support from accumulated volume at kr148.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr4.20 between high and low, or 2.78%. For the last week, the stock has had daily average volatility of 2.67%.
The ALK-Abelló A/S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr145.63 (-4.19%) (This stock has high daily movements and this gives high risk. The RSI14 is 88 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (ALK-B.CO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect ALK-Abelló A/S to open at kr152.87, and during the day (based on 14 day Average True Range), to move between kr147.03 and kr156.97, which gives a possible trading interval of +/-kr4.97 (+/-3.27%) up or down from last closing price. If ALK-Abelló A/S takes out the full calculated possible swing range there will be an estimated 6.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr152.40 (0.26%) than the support at kr148.80 (2.11%), 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 ALK-Abelló A/S stock A Buy?
ALK-Abelló A/S 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.264 Hold/Accumulate Downgraded
Predicted Opening Price for ALK-Abelló A/S of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr152.87 ( 0.570%) | kr152.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALK-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 157.07 | 3.33 % | |
| R2 | 155.46 | 2.28 % | ||
| R1 | 154.47 | 1.63 % | ||
| Current price: | 152.00 | |||
| Support | S1 | 151.26 | -0.485 % | |
| S2 | 150.27 | -1.14 % | ||
| S3 | 148.67 | -2.19 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 153.50 | 0.99 % | |
| R2 | 153.30 | 0.86 % | ||
| R1 | 152.40 | 0.263 % | ||
| Current price | 152.00 | |||
| Support | S1 | 148.80 | -2.11% | |
| S2 | 130.80 | -13.95% | ||
| S3 | 130.40 | -14.21% |
ALK-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 16, 2017 | Mar 16, 2017 | Mar 16, 2017 | kr0.250 | 0.529% |
| 2 | Mar 11, 2016 | Mar 11, 2016 | Mar 11, 2016 | kr0.250 | 0.521% |
| 3 | Mar 13, 2015 | Mar 13, 2015 | Mar 13, 2015 | kr0.250 | 0.662% |
| 4 | Mar 13, 2014 | Mar 13, 2014 | Mar 13, 2014 | kr0.250 | 0.761% |
| 5 | Mar 13, 2013 | Mar 13, 2013 | Mar 13, 2013 | kr0.250 | 1.18% |
FAQ
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