BTS Group AB 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
Red day on Friday for BTS Group AB
(Updated on Jun 28, 2024)
No changes to the price of BTS Group AB stock on the last trading day (Friday, 28th Jun 2024). During the last trading day the stock fluctuated 1.94% from a day low at kr310.00 to a day high of kr316.00. The price has fallen in 5 of the last 10 days but is still up by 1.94% over the past 2 weeks.
The stock lies in the middle of a wide and 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 -7.85% during the next 3 months and, with a 90% probability hold a price between kr276.91 and kr317.49 at the end of this 3-month period.
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BTS-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 4.64%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The BTS Group AB stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr322.46. On a fall, the stock will find some support from the short-term average at kr308.86. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Tuesday, August 08, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for BTS Group AB stock
BTS Group AB finds support from accumulated volume at kr314.00 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr6.00 between high and low, or 1.94%. For the last week the stock has had daily average volatility of 2.63%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BTS-B.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect BTS Group AB to open at kr314.00, and during the day (based on 14 day Average True Range), to move between kr305.90 and kr326.10, which gives a possible trading interval of +/-kr10.10 (+/-3.20%) up or down from last closing price. If BTS Group AB takes out the full calculated possible swing range there will be an estimated 6.40% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr314.00 (0.63%) than the resistance at kr330.00 (4.43%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is BTS Group AB stock A Buy?
BTS Group AB holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.246 Sell Candidate Unchanged
Predicted Opening Price for BTS Group AB of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr314.00 ( 0.633%) | kr316.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BTS-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 320.00 | 1.27% |
| R2 | 317.71 | 0.541% |
| R1 | 316.29 | 0.0924% |
| Price | 316.00 | |
| S1 | 311.71 | -1.36% |
| S2 | 310.29 | -1.81% |
| S3 | 308.00 | -2.53% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 340.00 | 7.59% |
| R2 | 339.00 | 7.28% |
| R1 | 330.00 | 4.43% |
| Price | 316.00 | |
| S1 | 314.00 | -0.633% |
| S2 | 312.00 | -1.27% |
| S3 | 306.00 | -3.16% |
BTS-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 12, 2024 | Nov 12, 2024 | Nov 18, 2024 | kr2.85 | 0.90% |
| 2 | May 06, 2024 | May 06, 2024 | May 13, 2024 | kr2.85 | 0.88% |
| 3 | Nov 14, 2023 | Nov 14, 2023 | Nov 20, 2023 | kr2.70 | 1.14% |
| 4 | May 15, 2023 | May 15, 2023 | May 15, 2023 | kr2.70 | 1.14% |
| 5 | Nov 14, 2022 | Nov 14, 2022 | Nov 14, 2022 | kr2.40 | 0.780% |
FAQ
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