Belships ASA 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
Belships ASA stock upgraded from Hold/Accumulate to Buy Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Belships ASA stock price gained 2.14% on the last trading day (Wednesday, 26th Jun 2024), rising from kr23.40 to kr23.90. During the last trading day the stock fluctuated 2.14% from a day low at kr23.40 to a day high of kr23.90. The price has risen in 5 of the last 10 days and is up by 6.94% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 56 thousand more shares were traded than the day before. In total, 184 thousand shares were bought and sold for approximately kr4.40 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 9.90% during the next 3 months and, with a 90% probability hold a price between kr25.04 and kr29.89 at the end of this 3-month period.
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BELCO.OL Signals & Forecast
Mostly positive signals in the chart today. The Belships ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr23.31 and kr23.89. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, June 11, 2024, and so far it has risen 6.94%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Belships ASA stock
Belships ASA finds support from accumulated volume at kr23.35 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.500 (2.14%) between high and low. For the last week, the stock has had daily average volatility of 1.98%.
Our recommended stop-loss: kr22.78 (-4.69%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 29 days ago.)
Trading Expectations (BELCO.OL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Belships ASA to open at kr23.73, and during the day (based on 14 day Average True Range), to move between kr23.28 and kr24.52, which gives a possible trading interval of +/-kr0.621 (+/-2.60%) up or down from last closing price. If Belships ASA takes out the full calculated possible swing range there will be an estimated 5.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr23.35 (2.30%) than the resistance at kr24.60 (2.93%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Belships ASA 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 Belships ASA 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: 3.467 Buy Candidate Upgraded
Predicted Opening Price for Belships ASA of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr23.73 ( 0.697%) | kr23.90 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BELCO.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.23 | 1.39% |
| R2 | 24.04 | 0.596% |
| R1 | 23.92 | 0.102% |
| Price | 23.90 | |
| S1 | 23.54 | -1.50% |
| S2 | 23.42 | -1.99% |
| S3 | 23.23 | -2.79% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 25.95 | 8.58% |
| R2 | 24.80 | 3.77% |
| R1 | 24.60 | 2.93% |
| Price | 23.90 | |
| S1 | 23.35 | -2.30% |
| S2 | 21.40 | -10.46% |
| S3 | 20.35 | -14.85% |
BELCO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 23, 2024 | kr0.600 | 2.46% |
| 2 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | kr0.600 | 2.72% |
| 3 | Nov 13, 2023 | Nov 13, 2023 | Nov 13, 2023 | kr0.450 | 2.60% |
| 4 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | kr0.600 | 3.80% |
| 5 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr0.700 | 3.62% |
FAQ
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