Fingerprint Cards 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
Fingerprint Cards AB (publ) stock price fell more than -5.46% Friday closing at kr0.175
(Updated on May 31, 2024)
The Fingerprint Cards AB (publ) stock price fell by -5.46% on the last day (Friday, 31st May 2024) from kr0.185 to kr0.175. It has now fallen 4 days in a row. During the last trading day the stock fluctuated 5.77% from a day low at kr0.175 to a day high of kr0.185. The price has fallen in 8 of the last 10 days and is down by -62.78% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -13 million shares and in total, 21 million shares were bought and sold for approximately kr3.63 million.
The stock has broken the very wide and falling short-term trend down. Firstly a stronger fallrate is indicated, but false breaks and "sell-off" may occur. However, a further fall is realistic and any reactions back to the breaking point (kr0.209) are considered to be a "second chance" to get out. According to the fan-theory kr0.0471 will represent the new bottom line of the next trend, but it is far too early to say this for certain.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FING-B.ST Signals & Forecast
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. The Fingerprint Cards AB (publ) 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 kr0.252 and kr0.592. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, May 06, 2024, and so far it has fallen -69.14%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for Fingerprint Cards AB (publ) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.0101 between high and low, or 5.77%. For the last week, the stock has had daily average volatility of 28.03%.
Fingerprint Cards AB (publ) is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (FING-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Fingerprint Cards AB (publ) to open at kr0.178, and during the day (based on 14 day Average True Range), to move between kr0.118 and kr0.232, which gives a possible trading interval of +/-kr0.0574 (+/-32.78%) up or down from last closing price. If Fingerprint Cards AB (publ) takes out the full calculated possible swing range there will be an estimated 65.55% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr0.185, some kr0.0101 (5.77%) from the current price of kr0.175, our system finds the risk reward not very attractive.
Is Fingerprint Cards AB (publ) stock A Buy?
Fingerprint Cards AB (publ) 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: -7.500 Strong Sell Candidate Unchanged
Predicted Opening Price for Fingerprint Cards AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr0.178 ( 1.92%) | kr0.175 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FING-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.188 | 7.70 % | |
| R2 | 0.185 | 5.49 % | ||
| R1 | 0.182 | 4.13 % | ||
| Current price: | 0.175 | |||
| Support | S1 | 0.175 | -0.281 % | |
| S2 | 0.172 | -1.64 % | ||
| S3 | 0.168 | -3.85 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0.209 | 19.43 % | ||
| R1 | 0.185 | 5.77 % | ||
| Current price | 0.175 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FING-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 21, 2017 | Apr 21, 2017 | Apr 21, 2017 | kr1.86 | 13.16% |
FAQ
Click here for our free guide on how to buy Fingerprint Cards AB (publ) Stock.
