Balco Group AB 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
Balco Group AB stock upgraded to Hold/Accumulate.
(Updated on Jun 20, 2024)
The Balco Group AB stock price gained 2.03% on the last trading day (Thursday, 20th Jun 2024), rising from kr41.85 to kr42.70. During the last trading day the stock fluctuated 3.25% from a day low at kr41.50 to a day high of kr42.85. The price has fallen in 8 of the last 10 days and is down by -9.05% for this period. Volume fell on the last day by -169 shares and in total, 8 thousand shares were bought and sold for approximately kr347.66 thousand. 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 lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr41.94 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 13.37% during the next 3 months and, with a 90% probability hold a price between kr47.55 and kr54.29 at the end of this 3-month period.
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BALCO.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 19, 2024, and so far it has risen 2.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Balco Group AB 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 kr44.08 and kr44.26. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Balco Group AB stock
Balco Group AB finds support from accumulated volume at kr41.45 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr1.35 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 3.31%.
Our recommended stop-loss: kr40.46 (-5.25%) (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 (BALCO.ST) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Balco Group AB to open at kr42.35, and during the day (based on 14 day Average True Range), to move between kr41.22 and kr44.18, which gives a possible trading interval of +/-kr1.48 (+/-3.47%) up or down from last closing price. If Balco Group AB takes out the full calculated possible swing range there will be an estimated 6.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr42.90 (0.47%) than the support at kr41.45 (2.93%), 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 Balco Group AB stock A Buy?
Balco Group AB holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.339 Hold/Accumulate Upgraded
Predicted Opening Price for Balco Group AB of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr42.35 ( 0.82%) | kr42.70 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BALCO.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 43.70 | 2.34% |
| R2 | 43.18 | 1.13% |
| R1 | 42.87 | 0.388% |
| Price | 42.70 | |
| S1 | 41.83 | -2.03% |
| S2 | 41.52 | -2.77% |
| S3 | 41.00 | -3.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 46.05 | 7.85% |
| R2 | 46.00 | 7.73% |
| R1 | 42.90 | 0.468% |
| Price | 42.70 | |
| S1 | 41.45 | -2.93% |
| S2 | 41.30 | -3.28% |
| S3 | 40.50 | -5.15% |
BALCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 08, 2023 | Nov 08, 2023 | Nov 14, 2023 | kr0.750 | 1.93% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr0.750 | 1.67% |
| 3 | Nov 23, 2022 | Nov 23, 2022 | Nov 23, 2022 | kr1.00 | 2.12% |
| 4 | May 25, 2022 | May 25, 2022 | May 25, 2022 | kr1.00 | 1.08% |
| 5 | May 22, 2019 | May 22, 2019 | May 22, 2019 | kr2.00 | 3.06% |
FAQ
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