Groupe Bruxelles Lambert SA 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 Monday for Groupe Bruxelles Lambert SA
(Updated on Jul 13, 2020)
The Groupe Bruxelles Lambert SA stock price gained 0.85% on the last trading day (Monday, 13th Jul 2020), rising from 75.34€ to 75.98€. During the last trading day the stock fluctuated 1.96% from a day low at 75.40€ to a day high of 76.88€. The price has been going up and down for this period, and there has been a 4.14% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 16 thousand more shares were traded than the day before. In total, 143 thousand shares were bought and sold for approximately 10.86€ million.
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 6.12% during the next 3 months and, with a 90% probability hold a price between 75.91€ and 83.10€ at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
GBLB.BB Signals & Forecast
The Groupe Bruxelles Lambert SA 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 74.25€ and 72.78€. A breakdown below any of these levels will issue sell signals. 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. 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, July 07, 2020, and so far it has fallen -0.419%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Groupe Bruxelles Lambert SA stock
Groupe Bruxelles Lambert SA finds support from accumulated volume at 75.30€ 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 1.48€ between high and low, or 1.96%. For the last week the stock has had daily average volatility of 1.69%.
Our recommended stop-loss: 72.27€ (-4.89%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (GBLB.BB) For The Upcoming Trading Day Of Tuesday 14th
Since the stock is closer to the resistance from accumulated volume at 76.30€ (0.42%) than the support at 75.30€ (0.89%), 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.
Is Groupe Bruxelles Lambert SA stock A Buy?
Groupe Bruxelles Lambert SA 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.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Groupe Bruxelles Lambert SA of Tuesday, July 14, 2020
Fair opening price July 14, 2020 | Current price |
---|---|
76.09€ ( 0.140%) | 75.98€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GBLB.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 77.57 | 2.09 % | |
R2 | 77.00 | 1.34 % | ||
R1 | 76.65 | 0.88 % | ||
Current price: | 75.98 | |||
Support | S1 | 75.52 | -0.604 % | |
S2 | 75.17 | -1.06 % | ||
S3 | 74.61 | -1.81 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 76.30 | 0.421 % | ||
Current price | 75.98 | |||
Support | S1 | 75.30 | -0.89% | |
S2 | 71.28 | -6.19% | ||
S3 | 68.02 | -10.48% |
FAQ
Click here for our free guide on how to buy Groupe Bruxelles Lambert SA Stock.