Fenix Outdoor International AG 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
Fenix Outdoor International AG stock upgraded to Hold/Accumulate.
(Updated on Apr 30, 2024)
No changes to the price of Fenix Outdoor International AG stock on the last trading day (Tuesday, 30th Apr 2024). During the last trading day the stock fluctuated 1.60% from a day low at kr687.00 to a day high of kr698.00. The price has risen in 5 of the last 10 days and is up by 0.58% over the past 2 weeks.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Fenix Outdoor International AG stock with a 90% probability to be traded between kr641.14 and kr726.45 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FOI-B.ST Signals & Forecast
The Fenix Outdoor International AG 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 kr700.29. On a fall, the stock will find some support from the long-term average at approximately kr677.29. 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. 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, April 08, 2024, and so far it has fallen -2.94%. 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). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Fenix Outdoor International AG stock
Fenix Outdoor International AG finds support from accumulated volume at kr690.00 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 therefore the general risk is considered very 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 kr11.00 between high and low, or 1.60%. For the last week the stock has had daily average volatility of 1.44%
Our recommended stop-loss: kr663.92 (-4.33%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 16 days ago.)
Trading Expectations (FOI-B.ST) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Fenix Outdoor International AG to open at kr693.00, and during the day (based on 14 day Average True Range), to move between kr679.20 and kr708.80, which gives a possible trading interval of +/-kr14.80 (+/-2.13%) up or down from last closing price. If Fenix Outdoor International AG takes out the full calculated possible swing range there will be an estimated 4.26% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr690.00 (0.58%) than the resistance at kr699.00 (0.72%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Fenix Outdoor International AG will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is $100.75. We will update the financials statements for Fenix Outdoor International AG, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 5.38% in the first trading day after earnings release.
Is Fenix Outdoor International AG stock A Buy?
Fenix Outdoor International AG holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.043 Hold/Accumulate Upgraded
Predicted Opening Price for Fenix Outdoor International AG of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr693.00 ( 0.144%) | kr694.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FOI-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 704.00 | 1.44 % | |
| R2 | 699.80 | 0.84 % | ||
| R1 | 697.20 | 0.461 % | ||
| Current price: | 694.00 | |||
| Support | S1 | 688.80 | -0.750 % | |
| S2 | 686.20 | -1.12 % | ||
| S3 | 682.00 | -1.73 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 715.00 | 3.03 % | |
| R2 | 700.00 | 0.86 % | ||
| R1 | 699.00 | 0.720 % | ||
| Current price | 694.00 | |||
| Support | S1 | 690.00 | -0.576% | |
| S2 | 647.00 | -6.77% | ||
| S3 | 640.00 | -7.78% |
FOI-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 03, 2024 | May 03, 2024 | May 10, 2024 | kr15.00 | 2.16% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | kr15.00 | 1.71% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr5.00 | 0.568% |
| 4 | Sep 03, 2021 | Sep 03, 2021 | Sep 03, 2021 | kr9.00 | 0.610% |
| 5 | Apr 28, 2021 | Apr 28, 2021 | Apr 28, 2021 | kr3.00 | 0.232% |
FAQ
Click here for our free guide on how to buy Fenix Outdoor International AG Stock.
