Bonheur 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
Stronger technical forecast for Bonheur ASA stock price after Thursday trading.
(Updated on May 16, 2024)
The Bonheur ASA stock price fell by -0.202% on the last day (Thursday, 16th May 2024) from kr248.00 to kr247.50. During the last trading day the stock fluctuated 2.02% from a day low at kr247.50 to a day high of kr252.50. The price has risen in 6 of the last 10 days but is still down by -2.17% for this period. 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 -9 thousand shares and in total, 4 thousand shares were bought and sold for approximately kr965.50 thousand.
The stock lies in the middle of a 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 18.37% during the next 3 months and, with a 90% probability hold a price between kr283.66 and kr311.71 at the end of this 3-month period.
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BONHR.OL Signals & Forecast
The Bonheur ASA 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 kr246.71 and kr245.56. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Thursday, May 02, 2024, and so far it has fallen -3.70%. Further fall is indicated until a new bottom pivot has been found. 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 Bonheur ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr234.00 and kr220.00. 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, Bonheur ASA finds support just below today's level at kr234.00. If this is broken, then the next support from accumulated volume will be at kr220.00 and kr219.00.
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 kr5.00 between high and low, or 2.02%. For the last week the stock has had daily average volatility of 3.13%.
Our recommended stop-loss: kr235.54 (-4.83%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (BONHR.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Bonheur ASA to open at kr249.17, and during the day (based on 14 day Average True Range), to move between kr239.42 and kr255.58, which gives a possible trading interval of +/-kr8.08 (+/-3.26%) up or down from last closing price. If Bonheur ASA takes out the full calculated possible swing range there will be an estimated 6.53% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr251.50 (1.62%) than the support at kr234.00 (5.45%), 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 Bonheur ASA stock A Buy?
Bonheur ASA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.716 Hold/Accumulate Upgraded
Predicted Opening Price for Bonheur ASA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr249.17 ( 0.673%) | kr247.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BONHR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 254.17 | 2.69 % | |
| R2 | 252.26 | 1.92 % | ||
| R1 | 251.08 | 1.45 % | ||
| Current price: | 247.50 | |||
| Support | S1 | 247.26 | -0.0983 % | |
| S2 | 246.08 | -0.575 % | ||
| S3 | 244.17 | -1.35 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 257.00 | 3.84 % | |
| R2 | 254.50 | 2.83 % | ||
| R1 | 251.50 | 1.62 % | ||
| Current price | 247.50 | |||
| Support | S1 | 234.00 | -5.45% | |
| S2 | 220.00 | -11.11% | ||
| S3 | 219.00 | -11.52% |
BONHR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 24, 2024 | May 24, 2024 | Jun 04, 2024 | kr6.00 | 2.40% |
| 2 | May 26, 2023 | May 26, 2023 | May 26, 2023 | kr5.00 | 1.82% |
| 3 | May 27, 2022 | May 27, 2022 | May 27, 2022 | kr4.30 | 1.16% |
| 4 | May 28, 2021 | May 28, 2021 | May 28, 2021 | kr4.00 | 1.69% |
| 5 | May 28, 2020 | May 28, 2020 | May 28, 2020 | kr4.30 | 1.95% |
FAQ
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