Cicor Technologies Ltd. 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 Cicor Technologies Ltd.
(Updated on May 17, 2024)
The Cicor Technologies Ltd. stock price gained 0.203% on the last trading day (Friday, 17th May 2024), rising from 49.30 Fr to 49.40 Fr. During the last trading day the stock fluctuated 1.43% from a day low at 48.80 Fr to a day high of 49.50 Fr. The price has been going up and down for this period, and there has been a -1.59% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 47 more shares were traded than the day before. In total, 1 thousand shares were bought and sold for approximately 63.73 Fr thousand.
The stock lies in the middle of a 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 -3.24% during the next 3 months and, with a 90% probability hold a price between 46.60 Fr and 49.94 Fr at the end of this 3-month period.
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CICN.SW Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Cicor Technologies Ltd. has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Cicor Technologies Ltd. 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 49.50 Fr and 50.37 Fr. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, May 10, 2024, and so far it has fallen -1.20%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Cicor Technologies Ltd. stock
Cicor Technologies Ltd. finds support from accumulated volume at 49.30 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.700 Fr between high and low, or 1.43%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (CICN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Cicor Technologies Ltd. to open at 49.23 Fr, and during the day (based on 14 day Average True Range), to move between 48.60 Fr and 50.20 Fr, which gives a possible trading interval of +/-0.796 Fr (+/-1.61%) up or down from last closing price. If Cicor Technologies Ltd. takes out the full calculated possible swing range there will be an estimated 3.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 49.30 Fr (0.20%) than the resistance at 50.00 Fr (1.21%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Cicor Technologies Ltd. stock A Buy?
Cicor Technologies Ltd. holds several negative signals and is within a 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: -3.312 Sell Candidate Unchanged
Predicted Opening Price for Cicor Technologies Ltd. of Tuesday, May 21, 2024
Fair opening price May 21, 2024 | Current price |
---|---|
49.23 Fr ( 0.337%) | 49.40 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CICN.SW
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 49.93 | 1.08 % | |
R2 | 49.67 | 0.538 % | ||
R1 | 49.50 | 0.204 % | ||
Current price: | 49.40 | |||
Support | S1 | 48.97 | -0.88 % | |
S2 | 48.80 | -1.21 % | ||
S3 | 48.53 | -1.75 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 51.20 | 3.64 % | |
R2 | 51.00 | 3.24 % | ||
R1 | 50.00 | 1.21 % | ||
Current price | 49.40 | |||
Support | S1 | 49.30 | -0.202% | |
S2 | 49.20 | -0.405% | ||
S3 | 49.00 | -0.81% |
CICN Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | 1.00 Fr | 1.99% |
2 | Mar 12, 2020 | Apr 21, 2020 | Apr 23, 2020 | 1.50 Fr | 3.98% |
3 | Apr 23, 2019 | Apr 23, 2019 | Apr 23, 2019 | 1.00 Fr | 1.70% |
4 | Apr 18, 2019 | Apr 18, 2019 | Apr 18, 2019 | 1.00 Fr | 1.71% |
5 | Mar 07, 2018 | Apr 23, 2018 | Apr 25, 2018 | 0.700 Fr | 1.25% |
FAQ
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