Ecit 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
Ecit As stock upgraded to Buy Candidate.
(Updated on Jun 28, 2024)
The Ecit As stock price gained 1.08% on the last trading day (Friday, 28th Jun 2024), rising from kr7.42 to kr7.50. During the last trading day the stock fluctuated 2.43% from a day low at kr7.42 to a day high of kr7.60. The price has risen in 6 of the last 10 days and is up by 1.9% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 34 thousand more shares were traded than the day before. In total, 122 thousand shares were bought and sold for approximately kr916.10 thousand.
The stock lies in the middle of a narrow and weak 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 6.41% during the next 3 months and, with a 90% probability hold a price between kr7.76 and kr8.04 at the end of this 3-month period.
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ECIT.OL Signals & Forecast
The Ecit 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 kr7.44 and kr7.26. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Ecit As 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. Higher liquidity also reduces the general risk. 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 Tuesday, June 25, 2024, and so far it has fallen 0%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Ecit As stock
Ecit As finds support from accumulated volume at kr7.46 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 kr0.180 (2.43%) between high and low. For the last week, the stock has had daily average volatility of 1.74%.
Our recommended stop-loss: kr7.22 (-3.74%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 7 days ago.)
Trading Expectations (ECIT.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Ecit As to open at kr7.51, and during the day (based on 14 day Average True Range), to move between kr7.27 and kr7.73, which gives a possible trading interval of +/-kr0.234 (+/-3.12%) up or down from last closing price. If Ecit As takes out the full calculated possible swing range there will be an estimated 6.23% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr7.46, some kr0.0400 (0.53%) from the current price of kr7.50, our system finds the risk reward attractive.
Is Ecit As 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 Ecit As stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 2.896 Buy Candidate Upgraded
Predicted Opening Price for Ecit As of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
kr7.51 ( 0.0889%) | kr7.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ECIT.OL
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 7.69 | 2.49% |
R2 | 7.62 | 1.57% |
R1 | 7.58 | 1.01% |
Price | 7.50 | |
S1 | 7.44 | -0.83% |
S2 | 7.40 | -1.39% |
S3 | 7.33 | -2.31% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 0 | - |
R2 | 0 | - |
R1 | 0 | - |
Price | 7.50 | |
S1 | 7.46 | -0.533% |
S2 | 7.10 | -5.33% |
S3 | 7.06 | -5.87% |
ECIT Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Mar 22, 2024 | Mar 22, 2024 | Apr 08, 2024 | kr0.0600 | 0.86% |
2 | Feb 22, 2024 | Feb 22, 2024 | Feb 22, 2024 | kr0.0600 | 0.85% |
3 | Mar 29, 2023 | Mar 29, 2023 | Apr 13, 2023 | kr0.0400 | 0.541% |
4 | Apr 11, 2022 | Apr 11, 2022 | Apr 22, 2022 | kr0.0400 | 0.578% |
FAQ
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