AB Industrivarden (publ) Fund 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
AB Industrivarden (publ) fund price up 0.165% on Friday
(Updated on May 17, 2024)
The AB Industrivarden (publ) fund price gained 0.165% on the last trading day (Friday, 17th May 2024), rising from kr363.00 to kr363.60. During the last trading day the fund fluctuated 1.33% from a day low at kr360.00 to a day high of kr364.80. The price has risen in 5 of the last 10 days and is up by 3.18% over the past 2 weeks. Volume fell on the last day by -6 thousand shares and in total, 93 thousand shares were bought and sold for approximately kr33.72 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 fund is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect AB Industrivarden (publ) fund with a 90% probability to be traded between kr352.01 and kr385.17 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and funds seldom manage to go directly from the bottom of a trend up to the top. Funds turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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INDU-A.ST Signals & Forecast
The AB Industrivarden (publ) fund holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the fund giving a positive forecast for the stock. On further gains, the fund will meet resistance from the short-term Moving Average at approximately kr363.94. On a fall, the fund will find some support from the long-term average at approximately kr360.76. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The fund should be watched closely. 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 Wednesday, May 15, 2024, and so far it has fallen -0.82%. Further fall is indicated until a new bottom pivot has been found. The fund had a Golden Star Signal on Tuesday, October 10, 2023 in the long-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 fund in question.
Golden Star 12 Months
The fund had a Golden Star Signal on Tuesday, October 10, 2023 in the long-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 fund in question.
Support, Risk & Stop-loss for AB Industrivarden (publ) fund
AB Industrivarden (publ) finds support from accumulated volume at kr361.60 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the fund tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the fund moved kr4.80 between high and low, or 1.33%. For the last week the fund has had daily average volatility of 1.45%.
Our recommended stop-loss: kr351.55 (-3.31%) (This fund has low daily movements and this gives low risk. There is a sell signal from a pivot top found 2 days ago.)
Trading Expectations (INDU-A.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect AB Industrivarden (publ) to open at kr362.80, and during the day (based on 14 day Average True Range), to move between kr358.03 and kr369.17, which gives a possible trading interval of +/-kr5.57 (+/-1.53%) up or down from last closing price. If AB Industrivarden (publ) takes out the full calculated possible swing range there will be an estimated 3.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr364.80 (0.33%) than the support at kr361.60 (0.55%), 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 AB Industrivarden (publ) fund A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for AB Industrivarden (publ) fund to perform well in the short-term period.
Current score: 2.637 Buy Candidate Unchanged
Predicted Opening Price for AB Industrivarden (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr362.80 ( 0.220%) | kr363.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INDU-A.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 367.60 | 1.10 % | |
| R2 | 365.77 | 0.596 % | ||
| R1 | 364.63 | 0.284 % | ||
| Current price: | 363.60 | |||
| Support | S1 | 360.97 | -0.724 % | |
| S2 | 359.83 | -1.04 % | ||
| S3 | 358.00 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 375.20 | 3.19 % | |
| R2 | 366.60 | 0.83 % | ||
| R1 | 364.80 | 0.330 % | ||
| Current price | 363.60 | |||
| Support | S1 | 361.60 | -0.550% | |
| S2 | 356.60 | -1.93% | ||
| S3 | 353.30 | -2.83% |
INDU-A Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 12, 2024 | Apr 12, 2024 | Apr 18, 2024 | kr7.75 | 2.16% |
| 2 | Apr 18, 2023 | Apr 18, 2023 | Apr 18, 2023 | kr7.25 | 2.48% |
| 3 | Apr 22, 2022 | Apr 22, 2022 | Apr 22, 2022 | kr6.75 | 2.61% |
| 4 | Apr 22, 2021 | Apr 22, 2021 | Apr 22, 2021 | kr2.00 | 0.612% |
| 5 | Apr 12, 2021 | Apr 12, 2021 | Apr 12, 2021 | kr2.00 | 0.601% |
FAQ
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