Befesa S.A. 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 Befesa S.A. stock price after Friday trading.
(Updated on May 17, 2024)
The Befesa S.A. stock price gained 2.29% on the last trading day (Friday, 17th May 2024), rising from 31.46€ to 32.18€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 3.37% from a day low at 31.46€ to a day high of 32.52€. The price has risen in 8 of the last 10 days and is up by 12.52% 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, 47 thousand more shares were traded than the day before. In total, 116 thousand shares were bought and sold for approximately 3.75€ million.
The stock lies in the middle of a very 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 2.06% during the next 3 months and, with a 90% probability hold a price between 26.93€ and 37.92€ at the end of this 3-month period.
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BFSA.F Signals & Forecast
Mostly positive signals in the chart today. The Befesa S.A. 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 30.56€ and 31.96€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 22.82%. 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 Befesa S.A. stock
On the downside, the stock finds support just below today's level from accumulated volume at 29.50€ and 26.52€. 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, Befesa S.A. finds support just below today's level at 29.50€. If this is broken, then the next support from accumulated volume will be at 26.52€ and 26.20€.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 1.06€ between high and low, or 3.37%. For the last week, the stock has had daily average volatility of 3.16%.
The Befesa S.A. stock is extremely overbought on RSI14 (95). This increases the short-term risk substantially.
Our recommended stop-loss: 31.18€ (-3.10%) (This stock has high daily movements and this gives high risk. The RSI14 is 95 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (BFSA.F) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Befesa S.A. to open at 32.05€, and during the day (based on 14 day Average True Range), to move between 31.08€ and 33.28€, which gives a possible trading interval of +/-1.10€ (+/-3.43%) up or down from last closing price. If Befesa S.A. takes out the full calculated possible swing range there will be an estimated 6.86% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 34.38€ (6.84%) than the support at 29.50€ (8.33%), 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 Befesa S.A. 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 Befesa S.A. 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: 3.019 Buy Candidate Upgraded
Predicted Opening Price for Befesa S.A. of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| 32.05€ ( 0.394%) | 32.18€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BFSA.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 33.11 | 2.90 % | |
| R2 | 32.71 | 1.64 % | ||
| R1 | 32.46 | 0.86 % | ||
| Current price: | 32.18 | |||
| Support | S1 | 31.65 | -1.65 % | |
| S2 | 31.40 | -2.43 % | ||
| S3 | 30.99 | -3.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 36.26 | 12.68 % | |
| R2 | 35.82 | 11.31 % | ||
| R1 | 34.38 | 6.84 % | ||
| Current price | 32.18 | |||
| Support | S1 | 29.50 | -8.33% | |
| S2 | 26.52 | -17.59% | ||
| S3 | 26.20 | -18.58% |
BFSA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 21, 2024 | Jun 21, 2024 | Jun 25, 2024 | 0.730€ | 0% |
| 2 | Jun 16, 2023 | Jun 16, 2023 | Jun 16, 2023 | 1.25€ | 0% |
| 3 | Jun 17, 2022 | Jun 17, 2022 | Jun 17, 2022 | 1.25€ | 0% |
| 4 | Jul 01, 2021 | Jul 01, 2021 | Jul 01, 2021 | 1.17€ | 0% |
| 5 | Nov 30, 2020 | Nov 30, 2020 | Nov 30, 2020 | 0.290€ | 0% |
FAQ
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