Instalco 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
Instalco AB (publ) stock price down 0% on Monday
(Updated on May 06, 2024)
No changes to the price of Instalco AB (publ) stock on the last trading day (Monday, 6th May 2024). During the last trading day the stock fluctuated 0% from a day low at kr35.52 to a day high of kr35.52. The price has been going up and down for this period, and there has been a -1.28% loss for the last 2 weeks.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr34.77 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -2.56% during the next 3 months and, with a 90% probability hold a price between kr33.88 and kr42.19 at the end of this 3-month period.
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INSTAL.ST Signals & Forecast
There are mixed signals in the stock today. The Instalco AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr37.91 and kr39.62. A break-up above any of these levels will issue buy signals. Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued. A buy signal was issued from a pivot bottom point on Friday, May 03, 2024, and so far it has fallen 0%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Instalco AB (publ) stock
Instalco AB (publ) finds support from accumulated volume at kr35.00 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 therefore the general risk is considered very 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 kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 4.81%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INSTAL.ST) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Instalco AB (publ) to open at kr35.52, and during the day (based on 14 day Average True Range), to move between kr33.71 and kr37.33, which gives a possible trading interval of +/-kr1.81 (+/-5.10%) up or down from last closing price. If Instalco AB (publ) takes out the full calculated possible swing range there will be an estimated 10.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr35.98 (1.30%) than the support at kr35.00 (1.46%), 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 Instalco AB (publ) stock A Buy?
Instalco AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -2.717 Sell Candidate Unchanged
Predicted Opening Price for Instalco AB (publ) of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| kr35.52 ( 0%) | kr35.52 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INSTAL.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 35.52 | . | |
| R2 | 35.52 | . | ||
| R1 | 35.52 | . | ||
| Current price: | 35.52 | |||
| Support | S1 | 35.52 | . | |
| S2 | 35.52 | . | ||
| S3 | 35.52 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 41.20 | 15.99 % | |
| R2 | 39.30 | 10.64 % | ||
| R1 | 35.98 | 1.30 % | ||
| Current price | 35.52 | |||
| Support | S1 | 35.00 | -1.46% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
INSTAL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr0.680 | 1.89% |
| 2 | May 08, 2023 | May 08, 2023 | May 08, 2023 | kr0.660 | 1.18% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr0.650 | 1.20% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr0.540 | 0.85% |
| 5 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.460 | 1.68% |
FAQ
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