Bufab 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
Evaluation of Bufab AB (publ) stock downgraded after the last trading session.
(Updated on May 24, 2024)
The Bufab AB (publ) stock price fell by -0.680% on the last day (Friday, 24th May 2024) from kr382.20 to kr379.60. During the last trading day the stock fluctuated 3.11% from a day low at kr372.40 to a day high of kr384.00. The price has risen in 6 of the last 10 days and is up by 4.8% over the past 2 weeks. Volume has increased on the last day by 37 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, 63 thousand shares were bought and sold for approximately kr24.01 million.
The stock lies the upper part of a 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 kr381.56 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 -9.18% during the next 3 months and, with a 90% probability hold a price between kr294.86 and kr346.52 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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BUFAB.ST Signals & Forecast
The Bufab 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 kr377.57 and kr374.87. 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 23, 2024, and so far it has fallen -0.680%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Bufab AB (publ) stock
Bufab AB (publ) finds support from accumulated volume at kr378.00 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr11.60 between high and low, or 3.11%. For the last week, the stock has had daily average volatility of 2.46%.
The Bufab AB (publ) stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BUFAB.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Bufab AB (publ) to open at kr378.67, and during the day (based on 14 day Average True Range), to move between kr369.14 and kr390.06, which gives a possible trading interval of +/-kr10.46 (+/-2.76%) up or down from last closing price. If Bufab AB (publ) takes out the full calculated possible swing range there will be an estimated 5.51% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr378.00 (0.42%) than the resistance at kr397.60 (4.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Bufab AB (publ) stock A Buy?
Bufab AB (publ) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.398 Sell Candidate Downgraded
Predicted Opening Price for Bufab AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr378.67 ( 0.246%) | kr379.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BUFAB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 390.27 | 2.81 % | |
| R2 | 385.84 | 1.64 % | ||
| R1 | 383.10 | 0.92 % | ||
| Current price: | 379.60 | |||
| Support | S1 | 374.24 | -1.41 % | |
| S2 | 371.50 | -2.13 % | ||
| S3 | 367.07 | -3.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 423.60 | 11.59 % | |
| R2 | 404.60 | 6.59 % | ||
| R1 | 397.60 | 4.74 % | ||
| Current price | 379.60 | |||
| Support | S1 | 378.00 | -0.421% | |
| S2 | 342.20 | -9.85% | ||
| S3 | 337.20 | -11.17% |
BUFAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | Apr 26, 2024 | kr0 | 0% |
| 2 | Apr 21, 2023 | Apr 21, 2023 | Apr 21, 2023 | kr2.25 | 0.712% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr3.75 | 1.08% |
| 4 | Apr 21, 2021 | Apr 21, 2021 | Apr 21, 2021 | kr2.75 | 1.13% |
| 5 | Apr 22, 2020 | Apr 22, 2020 | Apr 22, 2020 | kr2.75 | 3.31% |
FAQ
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