Essity 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
Essity AB (publ) stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 17, 2024)
The Essity AB (publ) stock price gained 0.795% on the last trading day (Friday, 17th May 2024), rising from kr276.90 to kr279.10. During the last trading day the stock fluctuated 0.98% from a day low at kr276.60 to a day high of kr279.30. The price has risen in 7 of the last 10 days and is up by 1.27% 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, 136 thousand more shares were traded than the day before. In total, 958 thousand shares were bought and sold for approximately kr267.47 million.
The stock lies in the middle of a strong 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 16.21% during the next 3 months and, with a 90% probability hold a price between kr305.54 and kr329.25 at the end of this 3-month period.
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ESSITY-B.ST Signals & Forecast
The Essity AB (publ) 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 kr278.47 and kr264.34. 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). Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, May 13, 2024, and so far it has fallen -0.570%. Further fall is indicated until a new bottom pivot has been found. The stock had a Golden Star Signal on Monday, March 04, 2024 in the short-term chart.
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, March 04, 2024 in the short-term chart.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 Essity AB (publ) stock
Essity AB (publ) finds support from accumulated volume at kr266.90 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 kr2.70 between high and low, or 0.98%. For the last week, the stock has had daily average volatility of 1.25%.
Our recommended stop-loss: kr268.88 (-3.66%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 76 and this increases the risk substantially. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (ESSITY-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Essity AB (publ) to open at kr278.33, and during the day (based on 14 day Average True Range), to move between kr275.04 and kr283.16, which gives a possible trading interval of +/-kr4.06 (+/-1.46%) up or down from last closing price. If Essity AB (publ) takes out the full calculated possible swing range there will be an estimated 2.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr280.00 (0.32%) than the support at kr266.90 (4.37%), 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 Essity AB (publ) 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 Essity AB (publ) 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: 2.327 Buy Candidate Upgraded
Predicted Opening Price for Essity AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr278.33 ( 0.275%) | kr279.10 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ESSITY-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 281.03 | 0.693 % | |
| R2 | 280.00 | 0.323 % | ||
| R1 | 279.36 | 0.0949 % | ||
| Current price: | 279.10 | |||
| Support | S1 | 277.30 | -0.644 % | |
| S2 | 276.66 | -0.87 % | ||
| S3 | 275.63 | -1.24 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 280.70 | 0.573 % | ||
| R1 | 280.00 | 0.322 % | ||
| Current price | 279.10 | |||
| Support | S1 | 266.90 | -4.37% | |
| S2 | 251.50 | -9.89% | ||
| S3 | 243.00 | -12.93% |
ESSITY-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 22, 2024 | kr0 | 0% |
| 2 | Mar 30, 2023 | Mar 30, 2023 | Mar 30, 2023 | kr7.25 | 2.47% |
| 3 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr7.00 | 3.28% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr6.75 | 2.50% |
| 5 | Oct 29, 2020 | Oct 29, 2020 | Oct 29, 2020 | kr6.25 | 2.37% |
FAQ
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