Fastighets AB Balder (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
Red day on Friday for Fastighets AB Balder (publ) stock after losing 0.88%
(Updated on May 03, 2024)
The Fastighets AB Balder (publ) stock price fell by -0.88% on the last day (Friday, 3rd May 2024) from kr70.78 to kr70.16. During the last trading day the stock fluctuated 6.25% from a day low at kr66.26 to a day high of kr70.40. The price has risen in 6 of the last 10 days and is up by 5.66% over the past 2 weeks. Volume has increased on the last day by 2 million 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, 4 million shares were bought and sold for approximately kr286.74 million.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 7.01% during the next 3 months and, with a 90% probability hold a price between kr70.11 and kr86.33 at the end of this 3-month period.
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BALD-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 7.81%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fastighets AB Balder (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr71.38. On a fall, the stock will find some support from the short-term average at kr68.49. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Fastighets AB Balder (publ) stock
Fastighets AB Balder (publ) finds support from accumulated volume at kr69.76 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr4.14 between high and low, or 6.25%. For the last week, the stock has had daily average volatility of 3.80%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BALD-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Fastighets AB Balder (publ) to open at kr68.94, and during the day (based on 14 day Average True Range), to move between kr67.59 and kr72.73, which gives a possible trading interval of +/-kr2.57 (+/-3.66%) up or down from last closing price. If Fastighets AB Balder (publ) takes out the full calculated possible swing range there will be an estimated 7.32% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr69.76 (0.57%) than the resistance at kr71.48 (1.88%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fastighets AB Balder (publ) stock A Buy?
Fastighets AB Balder (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.522 Sell Candidate Unchanged
Predicted Opening Price for Fastighets AB Balder (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr68.94 ( 1.74%) | kr70.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BALD-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 73.08 | 4.16 % | |
| R2 | 71.50 | 1.91 % | ||
| R1 | 70.52 | 0.515 % | ||
| Current price: | 70.16 | |||
| Support | S1 | 67.36 | -3.99 % | |
| S2 | 66.38 | -5.39 % | ||
| S3 | 64.80 | -7.64 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.00 | 8.32 % | |
| R2 | 72.62 | 3.51 % | ||
| R1 | 71.48 | 1.88 % | ||
| Current price | 70.16 | |||
| Support | S1 | 69.76 | -0.570% | |
| S2 | 66.40 | -5.36% | ||
| S3 | 64.44 | -8.15% |
BALD-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jan 08, 2014 | Jan 08, 2014 | Jan 08, 2014 | kr5.00 | 44.61% |
| 2 | May 09, 2008 | May 09, 2008 | May 09, 2008 | kr0.0278 | 1.51% |
FAQ
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