FM Mattsson Mora Group 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
FM Mattsson Mora Group AB (publ) stock upgraded from Hold/Accumulate to Buy Candidate after Friday trading session.
(Updated on May 03, 2024)
The FM Mattsson Mora Group AB (publ) stock price gained 1.53% on the last trading day (Friday, 3rd May 2024), rising from kr52.20 to kr53.00. During the last trading day the stock fluctuated 1.91% from a day low at kr52.40 to a day high of kr53.40. The price has fallen in 6 of the last 10 days and is down by -2.21% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 1 thousand more shares were traded than the day before. In total, 9 thousand shares were bought and sold for approximately kr466.77 thousand.
The stock lies in the middle of a wide and weak 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 4.29% during the next 3 months and, with a 90% probability hold a price between kr51.31 and kr59.64 at the end of this 3-month period.
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FMM-B.ST Signals & Forecast
The FM Mattsson Mora Group 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 kr53.20. On a fall, the stock will find some support from the long-term average at approximately kr52.10. 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. FM Mattsson Mora Group 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. Higher liquidity also reduces the general risk. 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 Tuesday, April 16, 2024, and so far it has fallen -3.99%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
A buy signal from a double bottom formation was found on Monday, March 18, 2024 and based on theory for this formation the price should go up by 14.18% to kr60.52 within 17 trading days since signal was issued (Monday, May 06, 2024).
Support, Risk & Stop-loss for FM Mattsson Mora Group AB (publ) stock
FM Mattsson Mora Group AB (publ) finds support from accumulated volume at kr52.20 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.00 between high and low, or 1.91%. For the last week the stock has had daily average volatility of 3.34%.
Our recommended stop-loss: kr50.51 (-4.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 12 days ago.)
Trading Expectations (FMM-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect FM Mattsson Mora Group AB (publ) to open at kr52.93, and during the day (based on 14 day Average True Range), to move between kr51.44 and kr54.56, which gives a possible trading interval of +/-kr1.56 (+/-2.95%) up or down from last closing price. If FM Mattsson Mora Group AB (publ) takes out the full calculated possible swing range there will be an estimated 5.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr53.40 (0.75%) than the support at kr52.20 (1.51%), 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.
Earnings coming up
FM Mattsson Mora Group AB (publ) will release earnings BMO on Tuesday, May 07, 2024. We will update the financials statements for FM Mattsson Mora Group AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.86% in the first trading day after earnings release.
Is FM Mattsson Mora Group 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 FM Mattsson Mora Group 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: 2.700 Buy Candidate Upgraded
Predicted Opening Price for FM Mattsson Mora Group AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr52.93 ( 0.126%) | kr53.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FMM-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 53.93 | 1.76 % | |
| R2 | 53.55 | 1.04 % | ||
| R1 | 53.32 | 0.595 % | ||
| Current price: | 53.00 | |||
| Support | S1 | 52.55 | -0.85 % | |
| S2 | 52.32 | -1.29 % | ||
| S3 | 51.93 | -2.01 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 54.20 | 2.26 % | |
| R2 | 53.80 | 1.51 % | ||
| R1 | 53.40 | 0.755 % | ||
| Current price | 53.00 | |||
| Support | S1 | 52.20 | -1.51% | |
| S2 | 49.00 | -7.55% | ||
| S3 | 48.00 | -9.43% |
FMM-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 19, 2024 | Nov 19, 2024 | Nov 25, 2024 | kr1.25 | 2.36% |
| 2 | May 17, 2024 | May 17, 2024 | May 23, 2024 | kr2.50 | 4.72% |
| 3 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr2.50 | 4.07% |
| 4 | May 13, 2022 | May 13, 2022 | May 13, 2022 | kr2.50 | 3.44% |
| 5 | May 12, 2021 | May 12, 2021 | May 12, 2021 | kr1.50 | 2.60% |
FAQ
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