Erste Group Bank AG 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
Erste Group Bank AG stock upgraded from Sell Candidate to Buy Candidate after Friday trading session.
(Updated on May 31, 2024)
The Erste Group Bank AG stock price gained 1.26% on the last trading day (Friday, 31st May 2024), rising from 44.53€ to 45.09€. During the last trading day the stock fluctuated 0.99% from a day low at 44.67€ to a day high of 45.11€. The price has been going up and down for this period, and there has been a -5.63% loss for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 638 more shares were traded than the day before. In total, 703 shares were bought and sold for approximately 31.70€ thousand.
The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 44.69€ is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 24.99% during the next 3 months and, with a 90% probability hold a price between 55.86€ and 61.74€ at the end of this 3-month period.
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EBO.DE Signals & Forecast
The Erste Group Bank AG 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 45.42€. On a fall, the stock will find some support from the long-term average at approximately 44.88€. 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. Erste Group Bank AG has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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 Friday, May 17, 2024, and so far it has fallen -5.63%. 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).
Support, Risk & Stop-loss for Erste Group Bank AG stock
Erste Group Bank AG finds support from accumulated volume at 44.18€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved 0.440€ (0.99%) between high and low. For the last week, the stock has had daily average volatility of 1.02%.
Our recommended stop-loss: 42.63€ (-5.45%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 32 days ago.)
Trading Expectations (EBO.DE) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Erste Group Bank AG to open at 44.96€, and during the day (based on 14 day Average True Range), to move between 44.43€ and 45.75€, which gives a possible trading interval of +/-0.662€ (+/-1.47%) up or down from last closing price. If Erste Group Bank AG takes out the full calculated possible swing range there will be an estimated 2.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 44.18€ (2.02%) than the resistance at 46.13€ (2.31%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Erste Group Bank AG stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Erste Group Bank AG stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.294 Buy Candidate Upgraded
Predicted Opening Price for Erste Group Bank AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 44.96€ ( 0.296%) | 45.09€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EBO.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 45.40 | 0.680 % | |
| R2 | 45.23 | 0.307 % | ||
| R1 | 45.12 | 0.0771 % | ||
| Current price: | 45.09 | |||
| Support | S1 | 44.79 | -0.668 % | |
| S2 | 44.68 | -0.90 % | ||
| S3 | 44.52 | -1.27 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 47.78 | 5.97 % | |
| R2 | 47.00 | 4.24 % | ||
| R1 | 46.13 | 2.31 % | ||
| Current price | 45.09 | |||
| Support | S1 | 44.18 | -2.02% | |
| S2 | 41.78 | -7.34% | ||
| S3 | 39.34 | -12.75% |
EBO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 27, 2024 | May 27, 2024 | May 29, 2024 | 2.70€ | 6.06% |
| 2 | May 16, 2023 | May 16, 2023 | May 16, 2023 | 1.90€ | 6.30% |
| 3 | May 23, 2022 | May 23, 2022 | May 23, 2022 | 1.60€ | 5.42% |
| 4 | Nov 30, 2021 | Nov 30, 2021 | Nov 30, 2021 | 1.00€ | 2.59% |
| 5 | May 25, 2021 | May 25, 2021 | May 25, 2021 | 0.500€ | 1.46% |
FAQ
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