Cloetta 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 Cloetta AB (publ) stock downgraded after the last trading session.
(Updated on May 24, 2024)
The Cloetta AB (publ) stock price fell by -1.00% on the last day (Friday, 24th May 2024) from kr18.92 to kr18.73. During the last trading day the stock fluctuated 1.92% from a day low at kr18.73 to a day high of kr19.09. The price has risen in 7 of the last 10 days and is up by 2.18% over the past 2 weeks. Volume has increased on the last day by 506 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, 1 million shares were bought and sold for approximately kr21.81 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr18.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Cloetta AB (publ) stock with a 90% probability to be traded between kr16.33 and kr18.97 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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CLA-B.ST Signals & Forecast
The Cloetta AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr18.81. On a fall, the stock will find some support from the long-term average at approximately kr17.75. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -1.00%. 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. The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-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
The stock had a Golden Star Signal on Tuesday, April 02, 2024 in the short-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 Cloetta AB (publ) stock
Cloetta AB (publ) finds support from accumulated volume at kr18.39 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 kr0.360 between high and low, or 1.92%. For the last week, the stock has had daily average volatility of 1.52%.
The Cloetta AB (publ) stock is overbought on RSI14 and the RSI has been falling for the last couple of days. This together with the fact that the stock is in the upper part of the trend poses a possible good selling opportunity for the short-term trader. However, one should note that 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 (CLA-B.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Cloetta AB (publ) to open at kr18.85, and during the day (based on 14 day Average True Range), to move between kr18.40 and kr19.06, which gives a possible trading interval of +/-kr0.333 (+/-1.78%) up or down from last closing price. If Cloetta AB (publ) takes out the full calculated possible swing range there will be an estimated 3.55% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr18.83 (0.53%) than the support at kr18.39 (1.82%), 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 Cloetta AB (publ) stock A Buy?
Cloetta 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 Buy to a Sell candidate.
Current score: -1.430 Sell Candidate Downgraded
Predicted Opening Price for Cloetta AB (publ) of Monday, May 27, 2024
Fair opening price May 27, 2024 | Current price |
---|---|
kr18.85 ( 0.641%) | kr18.73 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLA-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 19.21 | 2.56 % | |
R2 | 19.07 | 1.83 % | ||
R1 | 18.99 | 1.37 % | ||
Current price: | 18.73 | |||
Support | S1 | 18.71 | -0.0935 % | |
S2 | 18.63 | -0.547 % | ||
S3 | 18.49 | -1.28 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 18.92 | 1.01 % | |
R2 | 18.85 | 0.641 % | ||
R1 | 18.83 | 0.534 % | ||
Current price | 18.73 | |||
Support | S1 | 18.39 | -1.82% | |
S2 | 16.83 | -10.14% | ||
S3 | 16.73 | -10.68% |
CLA-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 10, 2024 | Apr 10, 2024 | Apr 16, 2024 | kr1.00 | 5.96% |
2 | Apr 05, 2023 | Apr 05, 2023 | Apr 05, 2023 | kr1.00 | 4.80% |
3 | Apr 07, 2022 | Apr 07, 2022 | Apr 07, 2022 | kr1.00 | 4.02% |
4 | Apr 07, 2021 | Apr 07, 2021 | Apr 07, 2021 | kr0.750 | 2.92% |
5 | Nov 04, 2020 | Nov 04, 2020 | Nov 04, 2020 | kr0.500 | 2.39% |
FAQ
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