Fisher & Paykel Healthcare Corp Ltd 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
Stronger technical forecast for Fisher & Paykel Healthcare Corp Ltd stock price after Friday trading.
(Updated on May 03, 2024)
The Fisher & Paykel Healthcare Corp Ltd stock price gained 1.57% on the last trading day (Friday, 3rd May 2024), rising from $28.11 to $28.55. During the last trading day the stock fluctuated 1.96% from a day low at $28.06 to a day high of $28.61. The price has risen in 6 of the last 10 days and is up by 7.57% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 55 thousand more shares were traded than the day before. In total, 259 thousand shares were bought and sold for approximately $7.41 million.
The stock has broken the strong rising the short-term trend up and an even stronger rate of rising is indicated. For any reaction back there will now be support on the roof on the current trend broken at $28.08, a level that may pose a second chance to hit a runner. According to fan-theory $30.27 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
FPH.NZ Signals & Forecast
Mostly positive signals in the chart today. The Fisher & Paykel Healthcare Corp Ltd 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 $28.09 and $26.16. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 03, 2024, and so far it has risen 12.40%. 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). Volume is rising along with the price. This is considered to be a good technical signal. The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star
The stock had a Golden Star Signal on Thursday, February 22, 2024 in the short-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
A buy signal from a double bottom formation was found on Friday, March 15, 2024 with a target of $25.47. Despite whether the objective of the signal formation has been reached the stock may continue to perform well.
Support, Risk & Stop-loss for Fisher & Paykel Healthcare Corp Ltd stock
Fisher & Paykel Healthcare Corp Ltd finds support from accumulated volume at $27.99 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 $0.550 between high and low, or 1.96%. For the last week, the stock has had daily average volatility of 2.15%.
Our recommended stop-loss: $27.03 (-5.31%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 21 days ago.)
Trading Expectations (FPH.NZ) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Fisher & Paykel Healthcare Corporation Limited to open at $28.41, and during the day (based on 14 day Average True Range), to move between $27.85 and $29.25, which gives a possible trading interval of +/-$0.697 (+/-2.44%) up or down from last closing price. If Fisher & Paykel Healthcare Corporation Limited takes out the full calculated possible swing range there will be an estimated 4.88% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ $27.99, some $0.560 (1.96%) from the current price of $28.55, our system finds the risk reward attractive.
Is Fisher & Paykel Healthcare Corporation Limited stock A Buy?
Fisher & Paykel Healthcare Corp Ltd holds several positive signals and has broken the strong rising trend up. As the stock is also in great technical shape we, therefore, consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.656 Strong Buy Candidate Upgraded
Predicted Opening Price for Fisher & Paykel Healthcare Corporation Limited of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $28.41 ( 0.502%) | $28.55 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FPH.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 28.96 | 1.42 % | |
| R2 | 28.75 | 0.688 % | ||
| R1 | 28.62 | 0.234 % | ||
| Current price: | 28.55 | |||
| Support | S1 | 28.20 | -1.24 % | |
| S2 | 28.07 | -1.69 % | ||
| S3 | 27.86 | -2.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 28.55 | |||
| Support | S1 | 27.99 | -1.96% | |
| S2 | 26.42 | -7.46% | ||
| S3 | 23.80 | -16.64% |
FPH Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Dec 05, 2023 | Dec 05, 2023 | Dec 05, 2023 | $0 | 0% |
| 2 | Jun 26, 2023 | Jun 26, 2023 | Jun 26, 2023 | $0.230 | 0.98% |
| 3 | Dec 08, 2022 | Dec 08, 2022 | Dec 08, 2022 | $0.175 | 0.756% |
| 4 | Jun 22, 2022 | Jun 22, 2022 | Jun 22, 2022 | $0.265 | 1.38% |
| 5 | Dec 02, 2021 | Dec 02, 2021 | Dec 02, 2021 | $0.170 | 0.522% |
FAQ
Click here for our free guide on how to buy Fisher & Paykel Healthcare Corporation Limited Stock.
