Compagnie Immobiliere de Belgique 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 Friday for Compagnie Immobiliere de Belgique SA stock after gaining 1.57%
(Updated on May 03, 2024)
The Compagnie Immobiliere de Belgique SA stock price gained 1.57% on the last trading day (Friday, 3rd May 2024), rising from 28.75€ to 29.20€. During the last trading day the stock fluctuated 4.64% from a day low at 28.00€ to a day high of 29.30€. The price has been going up and down for this period, and there has been a 8.55% 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, 5 thousand more shares were traded than the day before. In total, 8 thousand shares were bought and sold for approximately 232.23€ thousand.
The stock lies in the upper part of a wide and 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 30.05€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 15.90% during the next 3 months and, with a 90% probability hold a price between 29.27€ and 34.82€ at the end of this 3-month period.
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IMMO.BB Signals & Forecast
The Compagnie Immobiliere de Belgique 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 27.64€ and 27.18€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 12.31%. Further rise is indicated until a new top pivot has been found. Compagnie Immobiliere de Belgique SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. 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).
Support, Risk & Stop-loss for Compagnie Immobiliere de Belgique SA stock
Compagnie Immobiliere de Belgique SA finds support from accumulated volume at 29.00€ 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 1.30€ between high and low, or 4.64%. For the last week, the stock has had daily average volatility of 3.79%.
Our recommended stop-loss: 28.04€ (-3.98%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (IMMO.BB) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Compagnie Immobiliere de Belgique SA to open at 28.83€, and during the day (based on 14 day Average True Range), to move between 28.31€ and 30.09€, which gives a possible trading interval of +/-0.89€ (+/-3.04%) up or down from last closing price. If Compagnie Immobiliere de Belgique SA takes out the full calculated possible swing range there will be an estimated 6.08% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 29.00€, some 0.200€ (0.68%) from the current price of 29.20€, our system finds the risk reward attractive.
Is Compagnie Immobiliere de Belgique SA stock A Buy?
Compagnie Immobiliere de Belgique SA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months.
Current score: 6.312 Strong Buy Candidate Unchanged
Predicted Opening Price for Compagnie Immobiliere de Belgique SA of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| 28.83€ ( 1.26%) | 29.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IMMO.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.13 | 3.20 % | |
| R2 | 29.64 | 1.50 % | ||
| R1 | 29.33 | 0.445 % | ||
| Current price: | 29.20 | |||
| Support | S1 | 28.34 | -2.96 % | |
| S2 | 28.03 | -4.01 % | ||
| S3 | 27.53 | -5.71 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 29.20 | |||
| Support | S1 | 29.00 | -0.685% | |
| S2 | 25.05 | -14.21% | ||
| S3 | 24.25 | -16.95% |
IMMO Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 19, 2024 | Apr 19, 2024 | May 07, 2024 | 0.84€ | 0% |
| 2 | Apr 24, 2023 | Apr 24, 2023 | Apr 24, 2023 | 3.05€ | 0% |
| 3 | Apr 25, 2022 | Apr 25, 2022 | Apr 25, 2022 | 3.05€ | 0% |
| 4 | Apr 20, 2021 | Apr 20, 2021 | Apr 20, 2021 | 2.77€ | 0% |
| 5 | Mar 11, 2020 | Jun 02, 2020 | Jun 04, 2020 | 2.66€ | 0% |
FAQ
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