Black Sea Property AS 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
Is Black Sea Property AS stock still a buy after falling -5.00% on Friday?
(Updated on May 31, 2024)
The Black Sea Property AS stock price fell by -5.00% on the last day (Friday, 31st May 2024) from kr0.200 to kr0.190. During the last trading day the stock fluctuated 5.56% from a day low at kr0.180 to a day high of kr0.190. The price has risen in 6 of the last 10 days but is still down by -21.49% for this period. Volume has increased on the last day by 76 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, 91 thousand shares were bought and sold for approximately kr17.21 thousand.
The stock lies in the lower of a very wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr0.169 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -9.01% during the next 3 months and, with a 90% probability hold a price between kr0.154 and kr0.287 at the end of this 3-month period.
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BSP.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 11.76%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Black Sea Property AS stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr0.226 and kr0.257. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Black Sea Property AS 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". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Black Sea Property AS stock
On the downside, the stock finds support just below today's level from accumulated volume at kr0.170. With no support from accumulated volume below today's level the risk is increased, as a drop below the support at kr may give a huge drop in the stock price.
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 kr0.0100 between high and low, or 5.56%. For the last week, the stock has had daily average volatility of 43.30%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BSP.OL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Black Sea Property AS to open at kr0.187, and during the day (based on 14 day Average True Range), to move between kr0.145 and kr0.235, which gives a possible trading interval of +/-kr0.0451 (+/-23.74%) up or down from last closing price. If Black Sea Property AS takes out the full calculated possible swing range there will be an estimated 47.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.170 (10.53%) than the resistance at kr0.220 (15.79%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Black Sea Property AS stock A Buy?
Black Sea Property AS holds several negative signals and is within a very wide and 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.
Current score: -5.089 Strong Sell Candidate Unchanged
Predicted Opening Price for Black Sea Property AS of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr0.187 ( 1.75%) | kr0.190 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BSP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.197 | 3.51 % | |
| R2 | 0.193 | 1.50 % | ||
| R1 | 0.190 | 0.256 % | ||
| Current price: | 0.190 | |||
| Support | S1 | 0.183 | -3.76 % | |
| S2 | 0.180 | -5.01 % | ||
| S3 | 0.177 | -7.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.224 | 17.89 % | |
| R2 | 0.222 | 16.84 % | ||
| R1 | 0.220 | 15.79 % | ||
| Current price | 0.190 | |||
| Support | S1 | 0.170 | -10.53% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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