Everfuel 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
Green day on Thursday for Everfuel A/S
(Updated on Jun 27, 2024)
The Everfuel A/S stock price gained 2.28% on the last trading day (Thursday, 27th Jun 2024), rising from kr9.20 to kr9.41. During the last trading day the stock fluctuated 2.06% from a day low at kr9.22 to a day high of kr9.41. The price has fallen in 8 of the last 10 days and is down by -7.38% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 33 thousand shares were bought and sold for approximately kr311.63 thousand.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -10.72% during the next 3 months and, with a 90% probability hold a price between kr6.61 and kr12.51 at the end of this 3-month period.
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EFUEL.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, May 14, 2024, and so far it has risen 14.06%. Further rise is indicated until a new top pivot has been found. Everfuel A/S 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. The Everfuel A/S stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr9.91 and kr9.77. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Everfuel A/S stock
Everfuel A/S finds support from accumulated volume at kr9.20 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 kr0.190 between high and low, or 2.06%. For the last week, the stock has had daily average volatility of 10.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (EFUEL.OL) For The Upcoming Trading Day Of Friday 28th
For the upcoming trading day on Friday, 28th we expect Everfuel A/S to open at kr9.35, and during the day (based on 14 day Average True Range), to move between kr8.52 and kr10.30, which gives a possible trading interval of +/-kr0.89 (+/-9.43%) up or down from last closing price. If Everfuel A/S takes out the full calculated possible swing range there will be an estimated 18.87% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr9.61 (2.13%) than the support at kr9.20 (2.23%), 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.
Is Everfuel A/S stock A Buy?
Everfuel A/S holds several negative signals and is within a very 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: -3.213 Sell Candidate Unchanged
Predicted Opening Price for Everfuel A/S of Friday, June 28, 2024
| Fair opening price June 28, 2024 | Current price |
|---|---|
| kr9.35 ( 0.673%) | kr9.41 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for EFUEL.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 9.54 | 1.35% |
| R2 | 9.46 | 0.575% |
| R1 | 9.42 | 0.0983% |
| Price | 9.41 | |
| S1 | 9.27 | -1.44% |
| S2 | 9.23 | -1.92% |
| S3 | 9.16 | -2.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.50 | 22.21% |
| R2 | 9.94 | 5.63% |
| R1 | 9.61 | 2.13% |
| Price | 9.41 | |
| S1 | 9.20 | -2.23% |
| S2 | 9.13 | -2.98% |
| S3 | 8.25 | -12.33% |
FAQ
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