Attendo 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
Attendo AB (publ) stock downgraded from Buy Candidate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Attendo AB (publ) stock price fell by -1.83% on the last day (Wednesday, 26th Jun 2024) from kr43.80 to kr43.00. During the last trading day the stock fluctuated 2.57% from a day low at kr42.80 to a day high of kr43.90. The price has been going up and down for this period, and there has been a -2.93% loss for the last 2 weeks. Volume has increased on the last day by 28 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 125 thousand shares were bought and sold for approximately kr5.37 million.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Attendo AB (publ) stock with a 90% probability to be traded between kr40.51 and kr46.54 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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ATT.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Attendo 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 kr43.37 and kr43.50. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -5.70%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Attendo AB (publ) stock
Attendo AB (publ) finds support from accumulated volume at kr42.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr1.10 between high and low, or 2.57%. For the last week the stock has had daily average volatility of 2.00%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ATT.ST) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Attendo AB (publ) to open at kr43.23, and during the day (based on 14 day Average True Range), to move between kr41.95 and kr44.05, which gives a possible trading interval of +/-kr1.05 (+/-2.44%) up or down from last closing price. If Attendo AB (publ) takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr42.80 (0.47%) than the resistance at kr43.50 (1.16%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Attendo AB (publ) stock A Buy?
Attendo AB (publ) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -1.131 Sell Candidate Downgraded
Predicted Opening Price for Attendo AB (publ) of Thursday, June 27, 2024
Fair opening price June 27, 2024 | Current price |
---|---|
kr43.23 ( 0.543%) | kr43.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ATT.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.33 | 3.10% |
R2 | 43.91 | 2.12% |
R1 | 43.65 | 1.52% |
Price | 43.00 | |
S1 | 42.81 | -0.435% |
S2 | 42.55 | -1.04% |
S3 | 42.13 | -2.02% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.45 | 3.37% |
R2 | 44.05 | 2.44% |
R1 | 43.50 | 1.16% |
Price | 43.00 | |
S1 | 42.80 | -0.465% |
S2 | 42.30 | -1.63% |
S3 | 41.50 | -3.49% |
ATT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr1.00 | 2.29% |
2 | Apr 12, 2019 | Apr 12, 2019 | Apr 12, 2019 | kr0.600 | 1.26% |
3 | Apr 13, 2018 | Apr 13, 2018 | Apr 13, 2018 | kr1.27 | 1.60% |
4 | Apr 07, 2017 | Apr 07, 2017 | Apr 07, 2017 | kr1.22 | 1.39% |
5 | May 18, 2016 | May 18, 2016 | May 18, 2016 | kr0.540 | 0.690% |
FAQ
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