Byggma 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
Evaluation of Byggma ASA stock downgraded after the last trading session.
(Updated on May 16, 2024)
The Byggma ASA stock price fell by -3.63% on the last day (Thursday, 16th May 2024) from kr19.30 to kr18.60. During the last trading day the stock fluctuated 5.41% from a day low at kr18.50 to a day high of kr19.50. The price has fallen in 5 of the last 10 days and is down by -4.12% for this period. Volume has increased on the last day by 16 thousand 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, 17 thousand shares were bought and sold for approximately kr314.21 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.40% during the next 3 months and, with a 90% probability hold a price between kr17.60 and kr18.94 at the end of this 3-month period.
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BMA.OL Signals & Forecast
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 Byggma ASA stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr18.87 and kr18.66. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -4.12%. Further fall is indicated until a new bottom pivot has been found. Byggma ASA gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Byggma ASA stock
Byggma ASA finds support from accumulated volume at kr18.55 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 kr1.00 (5.41%) between high and low. For the last week, the stock has had daily average volatility of 2.85%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BMA.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Byggma ASA to open at kr18.87, and during the day (based on 14 day Average True Range), to move between kr18.01 and kr19.19, which gives a possible trading interval of +/-kr0.593 (+/-3.19%) up or down from last closing price. If Byggma ASA takes out the full calculated possible swing range there will be an estimated 6.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr18.55 (0.27%) than the resistance at kr18.75 (0.81%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Byggma ASA stock A Buy?
Byggma ASA holds several negative signals and is within a falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.489 Sell Candidate Downgraded
Predicted Opening Price for Byggma ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr18.87 ( 1.43%) | kr18.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BMA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.87 | 6.81 % | |
| R2 | 19.48 | 4.76 % | ||
| R1 | 19.25 | 3.49 % | ||
| Current price: | 18.60 | |||
| Support | S1 | 18.48 | -0.620 % | |
| S2 | 18.25 | -1.89 % | ||
| S3 | 17.87 | -3.94 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 19.10 | 2.69 % | |
| R2 | 18.80 | 1.08 % | ||
| R1 | 18.75 | 0.81 % | ||
| Current price | 18.60 | |||
| Support | S1 | 18.55 | -0.269% | |
| S2 | 18.50 | -0.538% | ||
| S3 | 18.40 | -1.08% |
BMA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 01, 2022 | Jun 01, 2022 | Jun 01, 2022 | kr1.00 | 3.56% |
| 2 | May 28, 2021 | May 28, 2021 | May 28, 2021 | kr8.00 | 17.47% |
| 3 | Feb 27, 2020 | Aug 31, 2020 | Sep 10, 2020 | kr0.100 | 0.97% |
| 4 | May 28, 2020 | May 28, 2020 | May 28, 2020 | kr0.100 | 1.08% |
| 5 | Feb 27, 2019 | May 29, 2019 | Jun 07, 2019 | kr0.100 | 1.04% |
FAQ
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