Fonterra Shareholders Fund 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
Green day on Friday for Fonterra Shareholders Fund stock after gaining 0.273%
(Updated on May 17, 2024)
The Fonterra Shareholders Fund stock price gained 0.273% on the last trading day (Friday, 17th May 2024), rising from $3.66 to $3.67. During the last trading day the stock fluctuated 1.38% from a day low at $3.63 to a day high of $3.68. The price has fallen in 8 of the last 10 days and is down by -0.81% for this period. Volume fell on the last day by -50 thousand shares and in total, 274 thousand shares were bought and sold for approximately $1.01 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 5.54% during the next 3 months and, with a 90% probability hold a price between $3.62 and $3.94 at the end of this 3-month period.
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FSF.NZ Signals & Forecast
The Fonterra Shareholders Fund stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at $3.56 and $3.63. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has risen 7.31%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Fonterra Shareholders Fund stock
Fonterra Shareholders Fund finds support from accumulated volume at $3.66 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 controlled movements and therefore the general risk is considered 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 $0.0500 between high and low, or 1.38%. For the last week the stock has had daily average volatility of 2.64%.
Our recommended stop-loss: $3.54 (-3.54%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (FSF.NZ) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Fonterra Shareholders Fund to open at $3.66, and during the day (based on 14 day Average True Range), to move between $3.59 and $3.75, which gives a possible trading interval of +/-$0.0753 (+/-2.05%) up or down from last closing price. If Fonterra Shareholders Fund takes out the full calculated possible swing range there will be an estimated 4.10% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $3.66 (0.27%) than the resistance at $3.68 (0.27%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Fonterra Shareholders Fund 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 Fonterra Shareholders Fund stock to perform well in the short-term.
Current score: 2.737 Buy Candidate Unchanged
Predicted Opening Price for Fonterra Shareholders Fund of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| $3.66 ( 0.272%) | $3.67 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for FSF.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.71 | 1.09 % | |
| R2 | 3.69 | 0.569 % | ||
| R1 | 3.68 | 0.248 % | ||
| Current price: | 3.67 | |||
| Support | S1 | 3.64 | -0.793 % | |
| S2 | 3.63 | -1.11 % | ||
| S3 | 3.61 | -1.63 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.70 | 0.82 % | |
| R2 | 3.69 | 0.545 % | ||
| R1 | 3.68 | 0.272 % | ||
| Current price | 3.67 | |||
| Support | S1 | 3.66 | -0.272% | |
| S2 | 3.65 | -0.545% | ||
| S3 | 3.48 | -5.18% |
FSF Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 27, 2024 | Mar 27, 2024 | Apr 11, 2024 | $0.150 | 4.11% |
| 2 | Aug 21, 2023 | Aug 21, 2023 | Aug 21, 2023 | $0.500 | 15.15% |
| 3 | Aug 15, 2023 | Aug 15, 2023 | Aug 15, 2023 | $0.500 | 12.99% |
| 4 | Mar 22, 2023 | Mar 22, 2023 | Mar 22, 2023 | $0.100 | 3.10% |
| 5 | Sep 28, 2022 | Sep 28, 2022 | Sep 28, 2022 | $0.150 | 4.72% |
FAQ
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