Fagron NV 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 Fagron NV stock after gaining 0.219%
(Updated on May 02, 2024)
The Fagron NV stock price gained 0.219% on the last trading day (Thursday, 2nd May 2024), rising from 18.24€ to 18.28€. It has now gained 5 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 0.99% from a day low at 18.18€ to a day high of 18.36€. The price has risen in 7 of the last 10 days and is up by 2.12% over the past 2 weeks. Volume fell on the last day by -19 thousand shares and in total, 39 thousand shares were bought and sold for approximately 716.28€ thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stockis at the upper part of a horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at 18.47€ will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Fagron NV stock with a 90% probability to be traded between 17.15€ and 18.64€ 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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FAGR.BB Signals & Forecast
The Fagron NV 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 17.94€ and 17.46€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, April 09, 2024, and so far it has risen 7.91%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Fagron NV stock
Fagron NV finds support from accumulated volume at 17.91€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.180€ between high and low, or 0.99%. For the last week the stock has had daily average volatility of 1.23%.
Our recommended stop-loss: 17.45€ (-4.55%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 16 days ago.)
Trading Expectations (FAGR.BB) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Fagron NV to open at 18.27€, and during the day (based on 14 day Average True Range), to move between 17.99€ and 18.57€, which gives a possible trading interval of +/-0.294€ (+/-1.61%) up or down from last closing price. If Fagron NV takes out the full calculated possible swing range there will be an estimated 3.21% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 18.32€ (0.22%) than the support at 17.91€ (2.02%), 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 Fagron NV stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Fagron NV stock to perform well in the short-term period.
Current score: 3.757 Buy Candidate Unchanged
Predicted Opening Price for Fagron NV of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| 18.27€ ( 0.0365%) | 18.28€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FAGR.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 18.45 | 0.95 % | |
| R2 | 18.38 | 0.572 % | ||
| R1 | 18.34 | 0.340 % | ||
| Current price: | 18.28 | |||
| Support | S1 | 18.20 | -0.413 % | |
| S2 | 18.16 | -0.645 % | ||
| S3 | 18.09 | -1.02 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 18.32 | 0.219 % | ||
| Current price | 18.28 | |||
| Support | S1 | 17.91 | -2.02% | |
| S2 | 17.64 | -3.50% | ||
| S3 | 17.60 | -3.72% |
FAGR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2023 | May 15, 2023 | May 15, 2023 | 0.250€ | 0% |
| 2 | May 16, 2022 | May 16, 2022 | May 16, 2022 | 0.200€ | 0% |
| 3 | May 17, 2021 | May 17, 2021 | May 17, 2021 | 0.180€ | 0% |
| 4 | Feb 13, 2020 | May 14, 2020 | May 18, 2020 | 0.0800€ | 0% |
| 5 | Feb 07, 2019 | May 16, 2019 | May 20, 2019 | 0.120€ | 0% |
FAQ
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