Inwido AB 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
Inwido AB stock downgraded to Sell Candidate
(Updated on May 17, 2024)
The Inwido AB stock price fell by -4.19% on the last day (Friday, 17th May 2024) from kr148.00 to kr141.80. During the last trading day the stock fluctuated 2.56% from a day low at kr140.50 to a day high of kr144.10. The price has risen in 7 of the last 10 days and is up by 3.73% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -9 thousand shares and in total, 87 thousand shares were bought and sold for approximately kr12.39 million.
The stock lies in the middle of a wide and 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 5.51% during the next 3 months and, with a 90% probability hold a price between kr141.01 and kr160.40 at the end of this 3-month period.
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INWI.ST Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Inwido AB stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr146.09 and kr141.91. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -4.19%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
A sell signal from a double top formation was found on Thursday, May 16, 2024 and based on theory for this formation the price should fall by -13.52% to kr122.62 within 34 trading days since signal was issued (Monday, May 20, 2024).
Support, Risk & Stop-loss for Inwido AB stock
Inwido AB finds support from accumulated volume at kr136.70 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 kr3.60 between high and low, or 2.56%. For the last week, the stock has had daily average volatility of 2.20%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (INWI.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Inwido AB to open at kr142.13, and during the day (based on 14 day Average True Range), to move between kr137.45 and kr146.15, which gives a possible trading interval of +/-kr4.35 (+/-3.07%) up or down from last closing price. If Inwido AB takes out the full calculated possible swing range there will be an estimated 6.14% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr141.90 (0.07%) than the support at kr136.70 (3.60%), 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 Inwido AB stock A Buy?
The Inwido AB stock holds several negative signals and despite the positive trend, we believe Inwido AB will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. 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 Sell candidate.
Current score: -2.784 Sell Candidate Downgraded
Predicted Opening Price for Inwido AB of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr142.13 ( 0.235%) | kr141.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for INWI.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.73 | 2.77 % | |
| R2 | 144.36 | 1.80 % | ||
| R1 | 143.51 | 1.20 % | ||
| Current price: | 141.80 | |||
| Support | S1 | 140.76 | -0.735 % | |
| S2 | 139.91 | -1.33 % | ||
| S3 | 138.53 | -2.30 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 146.60 | 3.39 % | |
| R2 | 146.50 | 3.31 % | ||
| R1 | 141.90 | 0.0705 % | ||
| Current price | 141.80 | |||
| Support | S1 | 136.70 | -3.60% | |
| S2 | 136.20 | -3.95% | ||
| S3 | 133.90 | -5.57% |
INWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 17, 2024 | May 17, 2024 | May 17, 2024 | kr0 | 0% |
| 2 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr6.50 | 6.35% |
| 3 | May 06, 2022 | May 06, 2022 | May 06, 2022 | kr6.15 | 4.68% |
| 4 | May 07, 2021 | May 07, 2021 | May 07, 2021 | kr4.50 | 3.04% |
| 5 | May 06, 2020 | May 06, 2020 | May 06, 2020 | kr3.50 | 6.35% |
FAQ
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