ASR Nederland N.V. 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 Wednesday for ASR Nederland N.V.
(Updated on May 08, 2024)
The ASR Nederland N.V. stock price gained 0.292% on the last trading day (Wednesday, 8th May 2024), rising from 47.98€ to 48.12€. 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 1.39% from a day low at 47.58€ to a day high of 48.24€. The price has risen in 6 of the last 10 days and is up by 3.33% over the past 2 weeks. Volume fell on the last day by -242 thousand shares and in total, 326 thousand shares were bought and sold for approximately 15.70€ million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock has broken the 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 47.72€, a level that may pose a second chance to hit a runner. According to fan-theory 50.03€ will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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ASRNL.AS Signals & Forecast
Mostly positive signals in the chart today. The ASR Nederland N.V. 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 47.16€ and 45.45€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 16, 2024, and so far it has risen 7.92%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for ASR Nederland N.V. stock
On the downside, the stock finds support just below today's level from accumulated volume at 42.63€ and 42.43€. 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, ASR Nederland N.V. finds support just below today's level at 42.63€. If this is broken, then the next support from accumulated volume will be at 42.43€ and 42.40€.
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 0.660€ between high and low, or 1.39%. For the last week the stock has had daily average volatility of 1.60%.
The ASR Nederland N.V. stock is extremely overbought on RSI14 (84). Normally this may pose a good selling opportunity but since the stock has broken the trend up, the chance for a major correction due to high RSI is very small as the stock will find support at the trend broken.
Our recommended stop-loss: 46.18€ (-4.03%) (This stock has low daily movements and this gives low risk. The RSI14 is 84 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (ASRNL.AS) For The Upcoming Trading Day Of Thursday 9th
For the upcoming trading day on Thursday, 9th we expect ASR Nederland N.V. to open at 47.98€, and during the day (based on 14 day Average True Range), to move between 47.41€ and 48.83€, which gives a possible trading interval of +/-0.715€ (+/-1.49%) up or down from last closing price. If ASR Nederland N.V. takes out the full calculated possible swing range there will be an estimated 2.97% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 42.63€, some 5.49€ (11.41%) from the current price of 48.12€, our system finds the risk reward attractive.
Is ASR Nederland N.V. stock A Buy?
ASR Nederland N.V. 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.
Current score: 5.031 Strong Buy Candidate Unchanged
Predicted Opening Price for ASR Nederland N.V. of Thursday, May 9, 2024
| Fair opening price May 9, 2024 | Current price |
|---|---|
| 47.98€ ( 0.291%) | 48.12€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ASRNL.AS
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 48.64 | 1.08 % | |
| R2 | 48.39 | 0.557 % | ||
| R1 | 48.23 | 0.233 % | ||
| Current price: | 48.12 | |||
| Support | S1 | 47.73 | -0.81 % | |
| S2 | 47.57 | -1.14 % | ||
| S3 | 47.32 | -1.66 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 48.12 | |||
| Support | S1 | 42.63 | -11.41% | |
| S2 | 42.43 | -11.82% | ||
| S3 | 42.40 | -11.89% |
ASRNL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | May 31, 2024 | 0€ | 0% |
| 2 | Sep 06, 2023 | Sep 06, 2023 | Sep 06, 2023 | 1.08€ | 2.77% |
| 3 | Jun 02, 2023 | Jun 02, 2023 | Jun 02, 2023 | 1.72€ | 4.34% |
| 4 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | 0.98€ | 2.41% |
| 5 | May 27, 2022 | May 27, 2022 | May 27, 2022 | 1.60€ | 3.69% |
FAQ
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