Dustin Group 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
Red day on Tuesday for Dustin Group AB (publ) stock after losing 0.83%
(Updated on Jun 25, 2024)
The Dustin Group AB (publ) stock price fell by -0.83% on the last day (Tuesday, 25th Jun 2024) from kr12.07 to kr11.97. During the last trading day the stock fluctuated 2.61% from a day low at kr11.86 to a day high of kr12.17. The price has fallen in 7 of the last 10 days and is down by -7.14% 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 -1 million shares and in total, 965 thousand shares were bought and sold for approximately kr11.55 million.
The stock is at the lower part of a wide and horizontal trend in the short term, and normally this may pose a good buying opportunity, though a breakdown through the bottom trend line at kr11.90 will give a strong sell signal and a trend shift may be expected. Given the current horizontal trend, you can expect Dustin Group AB (publ) stock with a 90% probability to be traded between kr12.14 and kr14.88 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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DUST.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Dustin Group AB (publ) 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 kr12.32 and kr12.93. 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 31, 2024, and so far it has fallen -17.56%. 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 together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Dustin Group AB (publ) stock
Dustin Group AB (publ) finds support from accumulated volume at kr11.75 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 kr0.310 between high and low, or 2.61%. For the last week, the stock has had daily average volatility of 2.63%.
Dustin Group AB (publ) is oversold on RSI14 (12). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DUST.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Dustin Group AB (publ) to open at kr12.00, and during the day (based on 14 day Average True Range), to move between kr11.52 and kr12.42, which gives a possible trading interval of +/-kr0.447 (+/-3.74%) up or down from last closing price. If Dustin Group AB (publ) takes out the full calculated possible swing range there will be an estimated 7.47% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr12.07 (0.84%) than the support at kr11.75 (1.84%), 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.
Earnings coming up
Dustin Group AB (publ) will release earnings BMO on Tuesday, July 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.220. We will update the financials statements for Dustin Group AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 11.96% in the first trading day after earnings release.
Is Dustin Group AB (publ) stock A Buy?
Dustin Group AB (publ) holds several negative signals and is within a wide and 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: -2.303 Sell Candidate Unchanged
Predicted Opening Price for Dustin Group AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr12.00 ( 0.251%) | kr11.97 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DUST.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 12.31 | 2.84% |
| R2 | 12.19 | 1.85% |
| R1 | 12.12 | 1.24% |
| Price | 11.97 | |
| S1 | 11.88 | -0.739% |
| S2 | 11.81 | -1.35% |
| S3 | 11.69 | -2.34% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 13.15 | 9.86% |
| R2 | 12.94 | 8.10% |
| R1 | 12.07 | 0.84% |
| Price | 11.97 | |
| S1 | 11.75 | -1.84% |
| S2 | 0 | - |
| S3 | 0 | - |
DUST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | kr2.21 | 2.20% |
| 2 | Dec 15, 2020 | Dec 15, 2020 | Dec 15, 2020 | kr2.12 | 3.41% |
| 3 | Dec 12, 2019 | Dec 12, 2019 | Dec 12, 2019 | kr2.90 | 3.90% |
| 4 | Dec 12, 2018 | Dec 12, 2018 | Dec 12, 2018 | kr2.62 | 3.51% |
| 5 | Dec 14, 2017 | Dec 14, 2017 | Dec 14, 2017 | kr2.63 | 3.33% |
FAQ
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