Bravida Holding 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 Wednesday for Bravida Holding AB (publ)
(Updated on May 22, 2024)
The Bravida Holding AB (publ) stock price gained 1.09% on the last trading day (Wednesday, 22nd May 2024), rising from kr82.30 to kr83.20. During the last trading day the stock fluctuated 1.95% from a day low at kr82.00 to a day high of kr83.60. The price has risen in 7 of the last 10 days and is up by 5.05% over the past 2 weeks. Volume fell on the last day by -16 thousand shares and in total, 247 thousand shares were bought and sold for approximately kr20.51 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 lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr84.78 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -16.58% during the next 3 months and, with a 90% probability hold a price between kr52.67 and kr70.73 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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BRAV.ST Signals & Forecast
Mostly positive signals in the chart today. The Bravida Holding 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 kr82.14 and kr78.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 19.37%. 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 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.
Support, Risk & Stop-loss for Bravida Holding AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr77.50 and kr69.95. 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, Bravida Holding AB (publ) finds support just below today's level at kr77.50. If this is broken, then the next support from accumulated volume will be at kr69.95 and kr69.70.
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 1.95%. For the last week, the stock has had daily average volatility of 2.31%.
Our recommended stop-loss: kr80.67 (-3.04%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 40 days ago.)
Trading Expectations (BRAV.ST) For The Upcoming Trading Day Of Thursday 23rd
For the upcoming trading day on Thursday, 23rd we expect Bravida Holding AB (publ) to open at kr82.93, and during the day (based on 14 day Average True Range), to move between kr80.35 and kr86.05, which gives a possible trading interval of +/-kr2.85 (+/-3.43%) up or down from last closing price. If Bravida Holding AB (publ) takes out the full calculated possible swing range there will be an estimated 6.85% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr87.40 (5.05%) than the support at kr77.50 (6.85%), 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 Bravida Holding AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.929 Buy Candidate Unchanged
Predicted Opening Price for Bravida Holding AB (publ) of Thursday, May 23, 2024
| Fair opening price May 23, 2024 | Current price |
|---|---|
| kr82.93 ( 0.321%) | kr83.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BRAV.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 84.53 | 1.60 % | |
| R2 | 83.92 | 0.87 % | ||
| R1 | 83.54 | 0.414 % | ||
| Current price: | 83.20 | |||
| Support | S1 | 82.32 | -1.06 % | |
| S2 | 81.94 | -1.51 % | ||
| S3 | 81.33 | -2.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 96.20 | 15.63 % | |
| R2 | 88.60 | 6.49 % | ||
| R1 | 87.40 | 5.05 % | ||
| Current price | 83.20 | |||
| Support | S1 | 77.50 | -6.85% | |
| S2 | 69.95 | -15.93% | ||
| S3 | 69.70 | -16.23% |
BRAV Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 15, 2024 | kr3.50 | 4.27% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | kr3.25 | 2.70% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr3.00 | 3.39% |
| 4 | Apr 27, 2021 | Apr 27, 2021 | Apr 27, 2021 | kr2.50 | 2.04% |
| 5 | Oct 26, 2020 | Oct 26, 2020 | Oct 26, 2020 | kr2.25 | 2.15% |
FAQ
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