Eastnine 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:
![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
Eastnine AB (publ) stock price up 0.592% on Friday
(Updated on Jun 28, 2024)
The Eastnine AB (publ) stock price gained 0.592% on the last trading day (Friday, 28th Jun 2024), rising from kr43.90 to kr44.16. During the last trading day the stock fluctuated 1.25% from a day low at kr43.90 to a day high of kr44.45. The price has fallen in 6 of the last 10 days and is down by -1.54% for this period. Volume fell on the last day by -9 thousand shares and in total, 7 thousand shares were bought and sold for approximately kr307.22 thousand. 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 the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr61.37 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
EAST.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 7.62%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Eastnine AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr49.88. On a fall, the stock will find some support from the short-term average at kr43.66. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Eastnine AB (publ) stock
Eastnine AB (publ) finds support from accumulated volume at kr43.95 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr0.550 between high and low, or 1.25%. For the last week the stock has had daily average volatility of 1.95%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EAST.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Eastnine AB (publ) to open at kr44.17, and during the day (based on 14 day Average True Range), to move between kr42.04 and kr46.28, which gives a possible trading interval of +/-kr2.12 (+/-4.81%) up or down from last closing price. If Eastnine AB (publ) takes out the full calculated possible swing range there will be an estimated 9.61% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr44.30 (0.32%) than the support at kr43.95 (0.48%), 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
Eastnine AB (publ) will release earnings BMO on Thursday, July 04, 2024. We will update the financials statements for Eastnine AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 3.50% in the first trading day after earnings release.
Is Eastnine AB (publ) stock A Buy?
Eastnine 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.
Current score: -1.483 Sell Candidate Unchanged
Predicted Opening Price for Eastnine AB (publ) of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
kr44.17 ( 0.0226%) | kr44.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EAST.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 44.72 | 1.27% |
R2 | 44.51 | 0.792% |
R1 | 44.38 | 0.498% |
Price | 44.16 | |
S1 | 43.96 | -0.453% |
S2 | 43.83 | -0.747% |
S3 | 43.62 | -1.22% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 45.15 | 2.24% |
R2 | 44.45 | 0.657% |
R1 | 44.30 | 0.317% |
Price | 44.16 | |
S1 | 43.95 | -0.476% |
S2 | 43.65 | -1.15% |
S3 | 41.85 | -5.23% |
EAST Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Jan 20, 2025 | Jan 20, 2025 | Jan 24, 2025 | kr1.16 | 2.64% |
2 | Nov 11, 2024 | Nov 11, 2024 | Nov 15, 2024 | kr1.16 | 2.64% |
3 | Aug 26, 2024 | Aug 26, 2024 | Aug 30, 2024 | kr1.16 | 2.64% |
4 | Apr 26, 2024 | Apr 26, 2024 | May 03, 2024 | kr0.290 | 0.714% |
5 | Jan 22, 2024 | Jan 22, 2024 | Jan 26, 2024 | kr0.85 | 2.08% |
FAQ
Click here for our free guide on how to buy Eastnine AB (publ) Stock.