Fletcher Building Limited 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
Fletcher Building Limited stock price ended at $3.30 on Tuesday, after losing 0%.
(Updated on May 07, 2024)
No changes to the price of Fletcher Building Limited stock on the last trading day (Tuesday, 7th May 2024). During the last trading day the stock fluctuated 1.38% from a day low at $3.27 to a day high of $3.31. The price has fallen in 7 of the last 10 days and is down by -9.34% for this period.
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 -5.02% during the next 3 months and, with a 90% probability hold a price between $2.86 and $3.71 at the end of this 3-month period.
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FBU.AX Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Fletcher Building Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.39 and $3.64. 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 Fletcher Building Limited stock
Fletcher Building Limited finds support from accumulated volume at $3.29 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 $0.0450 between high and low, or 1.38%. For the last week, the stock has had daily average volatility of 1.87%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FBU.AX) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect Fletcher Building Limited to open at $3.29, and during the day (based on 14 day Average True Range), to move between $3.22 and $3.38, which gives a possible trading interval of +/-$0.0838 (+/-2.54%) up or down from last closing price. If Fletcher Building Limited takes out the full calculated possible swing range there will be an estimated 5.08% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.29 (0.30%) than the resistance at $3.38 (2.42%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fletcher Building Limited stock A Buy?
Fletcher Building Limited 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: -2.185 Sell Candidate Unchanged
Predicted Opening Price for Fletcher Building Limited of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| $3.29 ( 0.253%) | $3.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FBU.AX
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.34 | 1.11 % | |
| R2 | 3.32 | 0.590 % | ||
| R1 | 3.31 | 0.268 % | ||
| Current price: | 3.30 | |||
| Support | S1 | 3.27 | -0.773 % | |
| S2 | 3.26 | -1.10 % | ||
| S3 | 3.25 | -1.62 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.78 | 14.55 % | |
| R2 | 3.61 | 9.39 % | ||
| R1 | 3.38 | 2.42 % | ||
| Current price | 3.30 | |||
| Support | S1 | 3.29 | -0.303% | |
| S2 | 3.20 | -3.03% | ||
| S3 | 0 | . |
FBU Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 16, 2023 | Mar 16, 2023 | Mar 16, 2023 | $0.168 | 4.33% |
| 2 | Sep 15, 2022 | Sep 15, 2022 | Sep 15, 2022 | $0.194 | 4.13% |
| 3 | Mar 17, 2022 | Mar 17, 2022 | Mar 17, 2022 | $0.168 | 2.77% |
| 4 | Aug 26, 2021 | Aug 26, 2021 | Aug 26, 2021 | $0.173 | 2.42% |
| 5 | Feb 24, 2021 | Feb 24, 2021 | Feb 24, 2021 | $0.112 | 1.90% |
FAQ
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