Infant Bacterial Therapeutics 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
Infant Bacterial Therapeutics AB (publ) stock downgraded to Buy Candidate
(Updated on May 31, 2024)
The Infant Bacterial Therapeutics AB (publ) stock price fell by -1.19% on the last day (Friday, 31st May 2024) from kr101.00 to kr99.80. During the last trading day the stock fluctuated 4.97% from a day low at kr98.60 to a day high of kr103.50. The price has been going up and down for this period, and there has been a 3.31% gain for the last 2 weeks. Volume has increased on the last day by 9 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 22 thousand shares were bought and sold for approximately kr2.20 million.
The stock lies in the upper part of a strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr101.38 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.64% during the next 3 months and, with a 90% probability hold a price between kr118.80 and kr130.41 at the end of this 3-month period.
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IBT-B.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 30, 2024, and so far it has fallen -1.19%. 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 rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Infant Bacterial Therapeutics AB (publ) 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 kr96.23 and kr90.98. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Infant Bacterial Therapeutics AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr85.80 and kr80.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Infant Bacterial Therapeutics AB (publ) finds support just below today's level at kr85.80. If this is broken, then the next support from accumulated volume will be at kr80.00 and kr76.40.
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 kr4.90 between high and low, or 4.97%. For the last week, the stock has had daily average volatility of 4.82%.
Our recommended stop-loss: kr96.65 (-3.16%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 5 days ago.)
Trading Expectations (IBT-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Infant Bacterial Therapeutics AB (publ) to open at kr100.63, and during the day (based on 14 day Average True Range), to move between kr95.43 and kr104.17, which gives a possible trading interval of +/-kr4.37 (+/-4.38%) up or down from last closing price. If Infant Bacterial Therapeutics AB (publ) takes out the full calculated possible swing range there will be an estimated 8.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr100.00 (0.20%) than the support at kr85.80 (14.03%), 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 Infant Bacterial Therapeutics 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 Infant Bacterial Therapeutics AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 1.344 Buy Candidate Downgraded
Predicted Opening Price for Infant Bacterial Therapeutics AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr100.63 ( 0.84%) | kr99.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBT-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 105.53 | 5.74 % | |
| R2 | 103.66 | 3.87 % | ||
| R1 | 102.51 | 2.71 % | ||
| Current price: | 99.80 | |||
| Support | S1 | 98.76 | -1.04 % | |
| S2 | 97.61 | -2.20 % | ||
| S3 | 95.73 | -4.07 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 101.00 | 1.20 % | ||
| R1 | 100.00 | 0.200 % | ||
| Current price | 99.80 | |||
| Support | S1 | 85.80 | -14.03% | |
| S2 | 80.00 | -19.84% | ||
| S3 | 76.40 | -23.45% |
FAQ
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