Awilco LNG AS 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
Awilco LNG AS stock upgraded to Strong Buy Candidate.
(Updated on May 31, 2024)
The Awilco LNG AS stock price gained 3.08% on the last trading day (Friday, 31st May 2024), rising from kr8.44 to kr8.70. During the last trading day the stock fluctuated 3.32% from a day low at kr8.43 to a day high of kr8.71. The price has been going up and down for this period, and there has been a 2.35% gain 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, 426 thousand more shares were traded than the day before. In total, 727 thousand shares were bought and sold for approximately kr6.33 million.
The stock has broken the wide and strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at kr8.67, a level that may pose a second chance to hit a runner. According to fan-theory kr10.01 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
ALNG.OL Signals & Forecast
The Awilco LNG AS 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 kr8.24 and kr7.69. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 22, 2024, and so far it has risen 11.11%. 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).
Support, Risk & Stop-loss for Awilco LNG AS stock
On the downside, the stock finds support just below today's level from accumulated volume at kr8.10 and kr7.98. 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, Awilco LNG AS finds support just below today's level at kr8.10. If this is broken, then the next support from accumulated volume will be at kr7.98 and kr6.79.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr0.280 between high and low, or 3.32%. For the last week, the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: kr8.38 (-3.66%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 10 days ago.)
Trading Expectations (ALNG.OL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Awilco LNG AS to open at kr8.61, and during the day (based on 14 day Average True Range), to move between kr8.40 and kr9.00, which gives a possible trading interval of +/-kr0.300 (+/-3.45%) up or down from last closing price. If Awilco LNG AS takes out the full calculated possible swing range there will be an estimated 6.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr8.10, some kr0.600 (6.90%) from the current price of kr8.70, our system finds the risk reward attractive.
Is Awilco LNG AS stock A Buy?
Awilco LNG AS holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.938 Strong Buy Candidate Upgraded
Predicted Opening Price for Awilco LNG AS of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr8.61 ( 1.00%) | kr8.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ALNG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.89 | 2.22 % | |
| R2 | 8.79 | 0.99 % | ||
| R1 | 8.72 | 0.233 % | ||
| Current price: | 8.70 | |||
| Support | S1 | 8.51 | -2.23 % | |
| S2 | 8.44 | -2.99 % | ||
| S3 | 8.33 | -4.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 8.70 | |||
| Support | S1 | 8.10 | -6.90% | |
| S2 | 7.98 | -8.28% | ||
| S3 | 6.79 | -21.95% |
ALNG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 19, 2024 | Jun 19, 2024 | Jun 19, 2024 | kr0 | 0% |
| 2 | Mar 18, 2024 | Mar 18, 2024 | Apr 03, 2024 | kr1.00 | 14.29% |
| 3 | Nov 27, 2023 | Nov 27, 2023 | Nov 27, 2023 | kr0 | 0% |
| 4 | Aug 30, 2023 | Aug 30, 2023 | Aug 30, 2023 | kr0.250 | 2.96% |
| 5 | May 31, 2023 | May 31, 2023 | May 31, 2023 | kr0.500 | 5.59% |
FAQ
Click here for our free guide on how to buy Awilco LNG AS Stock.
