Dantax A/S 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
Is Dantax A/S stock still a buy after falling -5.12% on Wednesday?
(Updated on Jun 26, 2024)
The Dantax A/S stock price fell by -5.12% on the last day (Wednesday, 26th Jun 2024) from kr430.00 to kr408.00. It has now fallen 5 days in a row. During the last trading day the stock fluctuated 4.90% from a day low at kr408.00 to a day high of kr428.00. The price has fallen in 8 of the last 10 days and is down by -20% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -134 shares and in total, 76 shares were bought and sold for approximately kr31.01 thousand.
Given the current short-term trend, the stock is expected to rise 19.62% during the next 3 months and, with a 90% probability hold a price between kr488.05 and kr629.17 at the end of this 3-month period.
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DANT.CO Signals & Forecast
There are few to no technical positive signals at the moment. The Dantax A/S 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 kr444.86 and kr448.51. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -20.00%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Dantax A/S stock
Dantax A/S finds support from accumulated volume at kr406.00 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 kr20.00 between high and low, or 4.90%. For the last week the stock has had daily average volatility of 2.24%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DANT.CO) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Dantax A/S to open at kr414.67, and during the day (based on 14 day Average True Range), to move between kr395.27 and kr420.73, which gives a possible trading interval of +/-kr12.73 (+/-3.12%) up or down from last closing price. If Dantax A/S takes out the full calculated possible swing range there will be an estimated 6.24% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr406.00 (0.49%) than the resistance at kr426.00 (4.41%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dantax A/S stock A Buy?
The Dantax A/S stock holds several negative signals and despite the positive trend, we believe Dantax A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -1.556 Sell Candidate Upgraded
Predicted Opening Price for Dantax A/S of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr414.67 ( 1.63%) | kr408.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DANT.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 434.67 | 6.54% |
| R2 | 427.03 | 4.66% |
| R1 | 422.31 | 3.51% |
| Price | 408.00 | |
| S1 | 407.03 | -0.239% |
| S2 | 402.31 | -1.40% |
| S3 | 394.67 | -3.27% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 478.00 | 17.16% |
| R2 | 448.00 | 9.80% |
| R1 | 426.00 | 4.41% |
| Price | 408.00 | |
| S1 | 406.00 | -0.490% |
| S2 | 392.00 | -3.92% |
| S3 | 386.00 | -5.39% |
DANT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Oct 25, 2023 | Oct 25, 2023 | Oct 25, 2023 | kr21.00 | 6.18% |
| 2 | Oct 26, 2022 | Oct 26, 2022 | Oct 26, 2022 | kr10.00 | 2.48% |
| 3 | Dec 22, 2021 | Dec 22, 2021 | Dec 22, 2021 | kr20.00 | 3.81% |
| 4 | Oct 27, 2021 | Oct 27, 2021 | Oct 27, 2021 | kr50.00 | 14.62% |
| 5 | Oct 26, 2017 | Oct 26, 2017 | Oct 26, 2017 | kr13.00 | 3.55% |
FAQ
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