Cloudberry Clean Energy 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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 Cloudberry Clean Energy AS stock after gaining 1.18%
(Updated on Jun 28, 2024)
The Cloudberry Clean Energy AS stock price gained 1.18% on the last trading day (Friday, 28th Jun 2024), rising from kr11.86 to kr12.00. It has now gained 7 days in a row. It is not often that stocks manage to gain so many days in a row, and falls for a day or two should be expected. During the last trading day the stock fluctuated 4.15% from a day low at kr11.56 to a day high of kr12.04. The price has risen in 8 of the last 10 days and is up by 12.57% over the past 2 weeks. Volume fell on the last day by -3 million shares and in total, 2 million shares were bought and sold for approximately kr21.51 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 25.58% during the next 3 months and, with a 90% probability hold a price between kr13.72 and kr15.41 at the end of this 3-month period.
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CLOUD.OL Signals & Forecast
Mostly positive signals in the chart today. The Cloudberry Clean Energy AS 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 kr11.48 and kr10.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 11, 2024, and so far it has risen 37.46%. 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). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Cloudberry Clean Energy AS stock
Cloudberry Clean Energy AS finds support from accumulated volume at kr11.86 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 kr0.480 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 4.06%.
Since the Cloudberry Clean Energy AS has been rising for 7 days in a row, the risk over the next couple of days has increased. We don't expect a major reaction as the stock is in very good shape technically, and therefore hold a positive evaluation despite the very short term risk.
Our recommended stop-loss: kr11.64 (-2.96%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 77 and this increases the risk substantially. There is a buy signal from a pivot bottom found 78 days ago.)
Trading Expectations (CLOUD.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Cloudberry Clean Energy AS to open at kr11.87, and during the day (based on 14 day Average True Range), to move between kr11.61 and kr12.39, which gives a possible trading interval of +/-kr0.389 (+/-3.24%) up or down from last closing price. If Cloudberry Clean Energy AS takes out the full calculated possible swing range there will be an estimated 6.48% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr11.86, some kr0.140 (1.17%) from the current price of kr12.00, our system finds the risk reward attractive.
Is Cloudberry Clean Energy AS stock A Buy?
Cloudberry Clean Energy AS holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.931 Strong Buy Candidate Unchanged
Predicted Opening Price for Cloudberry Clean Energy AS of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
kr11.87 ( 1.11%) | kr12.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for CLOUD.OL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 12.35 | 2.89% |
R2 | 12.16 | 1.36% |
R1 | 12.05 | 0.417% |
Price | 12.00 | |
S1 | 11.68 | -2.64% |
S2 | 11.57 | -3.58% |
S3 | 11.39 | -5.11% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 12.00 | |
S1 | 11.86 | -1.17% |
S2 | 11.08 | -7.67% |
S3 | 10.46 | -12.83% |
FAQ
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