Boozt 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
Green day on Friday for Boozt AB (publ) stock after gaining 0.600%
(Updated on May 17, 2024)
The Boozt AB (publ) stock price gained 0.600% on the last trading day (Friday, 17th May 2024), rising from kr133.40 to kr134.20. During the last trading day the stock fluctuated 1.21% from a day low at kr132.70 to a day high of kr134.30. The price has risen in 6 of the last 10 days and is up by 9.55% over the past 2 weeks. Volume fell on the last day by -4 thousand shares and in total, 27 thousand shares were bought and sold for approximately kr3.60 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Boozt AB (publ) stock with a 90% probability to be traded between kr119.47 and kr140.32 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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BOOZT.ST Signals & Forecast
The Boozt 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 kr133.26 and kr128.91. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. 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 14, 2024, and so far it has fallen -1.68%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Boozt AB (publ) stock
Boozt AB (publ) finds support from accumulated volume at kr133.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr1.60 between high and low, or 1.21%. For the last week, the stock has had daily average volatility of 2.59%.
Our recommended stop-loss: kr129.27 (-3.67%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (BOOZT.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Boozt AB (publ) to open at kr133.73, and during the day (based on 14 day Average True Range), to move between kr129.83 and kr138.57, which gives a possible trading interval of +/-kr4.37 (+/-3.25%) up or down from last closing price. If Boozt AB (publ) takes out the full calculated possible swing range there will be an estimated 6.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr134.80 (0.45%) than the support at kr133.30 (0.67%), 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 Boozt AB (publ) stock A Buy?
Boozt AB (publ) 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.
Current score: -0.833 Hold/Accumulate Unchanged
Predicted Opening Price for Boozt AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr133.73 ( 0.348%) | kr134.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BOOZT.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 135.33 | 0.84 % | |
| R2 | 134.72 | 0.389 % | ||
| R1 | 134.34 | 0.108 % | ||
| Current price: | 134.20 | |||
| Support | S1 | 133.12 | -0.80 % | |
| S2 | 132.74 | -1.08 % | ||
| S3 | 132.13 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 136.40 | 1.64 % | |
| R2 | 136.30 | 1.56 % | ||
| R1 | 134.80 | 0.447 % | ||
| Current price | 134.20 | |||
| Support | S1 | 133.30 | -0.671% | |
| S2 | 127.00 | -5.37% | ||
| S3 | 124.90 | -6.93% |
FAQ
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