BE Group 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
Stronger technical forecast for BE Group AB (publ) stock price after Friday trading.
(Updated on May 31, 2024)
The BE Group AB (publ) stock price fell by -0.307% on the last day (Friday, 31st May 2024) from kr65.20 to kr65.00. During the last trading day the stock fluctuated 3.30% from a day low at kr63.60 to a day high of kr65.70. The price has been going up and down for this period, and there has been a 0% change for the last 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 thousand shares and in total, 14 thousand shares were bought and sold for approximately kr931.71 thousand.
The stock lies in the middle of a wide and strong 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 33.25% during the next 3 months and, with a 90% probability hold a price between kr78.53 and kr92.22 at the end of this 3-month period.
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BEGR.ST Signals & Forecast
The BE Group AB (publ) 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 kr64.34 and kr60.21. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Tuesday, May 21, 2024, and so far it has fallen -2.84%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for BE Group AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr61.20 and kr56.70. 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, BE Group AB (publ) finds support just below today's level at kr61.20. If this is broken, then the next support from accumulated volume will be at kr56.70 and kr50.50.
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 kr2.10 between high and low, or 3.30%. For the last week the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: kr62.40 (-4.01%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (BEGR.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect BE Group AB (publ) to open at kr64.77, and during the day (based on 14 day Average True Range), to move between kr62.64 and kr67.36, which gives a possible trading interval of +/-kr2.36 (+/-3.63%) up or down from last closing price. If BE Group AB (publ) takes out the full calculated possible swing range there will be an estimated 7.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr65.20 (0.31%) than the support at kr61.20 (5.85%), 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 BE Group AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for BE Group AB (publ) stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.146 Buy Candidate Upgraded
Predicted Opening Price for BE Group AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr64.77 ( 0.359%) | kr65.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BEGR.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.87 | 2.87 % | |
| R2 | 66.06 | 1.64 % | ||
| R1 | 65.57 | 0.88 % | ||
| Current price: | 65.00 | |||
| Support | S1 | 63.96 | -1.59 % | |
| S2 | 63.47 | -2.36 % | ||
| S3 | 62.67 | -3.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.90 | 2.92 % | |
| R2 | 65.40 | 0.615 % | ||
| R1 | 65.20 | 0.308 % | ||
| Current price | 65.00 | |||
| Support | S1 | 61.20 | -5.85% | |
| S2 | 56.70 | -12.77% | ||
| S3 | 50.50 | -22.31% |
BEGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr6.00 | 5.66% |
| 2 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr12.00 | 5.85% |
| 3 | Apr 30, 2020 | Apr 30, 2020 | Apr 30, 2020 | kr1.75 | 6.06% |
| 4 | Apr 26, 2019 | Apr 26, 2019 | Apr 26, 2019 | kr1.75 | 4.10% |
| 5 | Apr 26, 2012 | Apr 26, 2012 | Apr 26, 2012 | kr2.27 | 1.09% |
FAQ
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