Eltel 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
Eltel AB (publ) stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Eltel AB (publ) stock price gained 0.270% on the last trading day (Wednesday, 26th Jun 2024), rising from kr7.40 to kr7.42. During the last trading day the stock fluctuated 2.70% from a day low at kr7.40 to a day high of kr7.60. The price has risen in 6 of the last 10 days and is up by 6.92% 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, 3 thousand more shares were traded than the day before. In total, 5 thousand shares were bought and sold for approximately kr37.89 thousand.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Eltel AB (publ) stock with a 90% probability to be traded between kr6.74 and kr7.99 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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ELTEL.ST Signals & Forecast
The Eltel AB (publ) 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 kr7.64. On a fall, the stock will find some support from the long-term average at approximately kr6.98. 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. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Eltel AB (publ) 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 Wednesday, June 19, 2024, and so far it has fallen -5.60%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, April 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Monday, April 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Monday, April 08, 2024 for the short-term and also have Golden Star Signal for the medium-term dated Wednesday, March 27, 2024.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Eltel AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr6.88 and kr6.78. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Eltel AB (publ) finds support just below today's level at kr6.88. If this is broken, then the next support from accumulated volume will be at kr6.78 and kr6.60.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr0.200 between high and low, or 2.70%. For the last week, the stock has had daily average volatility of 3.08%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (ELTEL.ST) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Eltel AB (publ) to open at kr7.47, and during the day (based on 14 day Average True Range), to move between kr7.15 and kr7.69, which gives a possible trading interval of +/-kr0.268 (+/-3.61%) up or down from last closing price. If Eltel AB (publ) takes out the full calculated possible swing range there will be an estimated 7.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr7.52 (1.35%) than the support at kr6.88 (7.28%), 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 Eltel AB (publ) stock A Buy?
Eltel 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -1.195 Sell Candidate Downgraded
Predicted Opening Price for Eltel AB (publ) of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr7.47 ( 0.719%) | kr7.42 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ELTEL.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.67 | 3.41% |
| R2 | 7.60 | 2.38% |
| R1 | 7.55 | 1.75% |
| Price | 7.42 | |
| S1 | 7.40 | -0.311% |
| S2 | 7.35 | -0.95% |
| S3 | 7.27 | -1.98% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.86 | 5.93% |
| R2 | 7.70 | 3.77% |
| R1 | 7.52 | 1.35% |
| Price | 7.42 | |
| S1 | 6.88 | -7.28% |
| S2 | 6.78 | -8.63% |
| S3 | 6.60 | -11.05% |
ELTEL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2016 | May 03, 2016 | May 03, 2016 | kr0.132 | 0.255% |
FAQ
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