Karolinska Development 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
Karolinska Development AB (publ) stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 28, 2024)
The Karolinska Development AB (publ) stock price fell by -1.38% on the last day (Friday, 28th Jun 2024) from kr1.45 to kr1.43. During the last trading day the stock fluctuated 6.57% from a day low at kr1.40 to a day high of kr1.49. The price has fallen in 8 of the last 10 days and is down by -4.28% for this period. Volume has increased on the last day by 99 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, 188 thousand shares were bought and sold for approximately kr268.99 thousand.
Given the current short-term trend, the stock is expected to fall -4.85% during the next 3 months and, with a 90% probability hold a price between kr1.36 and kr1.55 at the end of this 3-month period.
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KDEV.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 Karolinska Development 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 kr1.46 and kr1.53. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -14.37%. Further fall is indicated until a new bottom pivot has been found. Karolinska Development AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Karolinska Development AB (publ) stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr0.0920 (6.57%) between high and low. For the last week, the stock has had daily average volatility of 4.98%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (KDEV.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Karolinska Development AB (publ) to open at kr1.44, and during the day (based on 14 day Average True Range), to move between kr1.37 and kr1.49, which gives a possible trading interval of +/-kr0.0555 (+/-3.88%) up or down from last closing price. If Karolinska Development AB (publ) takes out the full calculated possible swing range there will be an estimated 7.76% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ kr1.47, some kr0.0380 (2.66%) from the current price of kr1.43, our system finds the risk reward not very attractive.
Is Karolinska Development AB (publ) stock A Buy?
Karolinska Development AB (publ) holds several negative signals and is within a wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -2.299 Sell Candidate Downgraded
Predicted Opening Price for Karolinska Development AB (publ) of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr1.44 ( 0.746%) | kr1.43 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KDEV.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.53 | 7.18% |
| R2 | 1.50 | 4.72% |
| R1 | 1.48 | 3.20% |
| Price | 1.43 | |
| S1 | 1.41 | -1.71% |
| S2 | 1.38 | -3.23% |
| S3 | 1.35 | -5.69% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 1.52 | 6.29% |
| R2 | 1.49 | 4.20% |
| R1 | 1.47 | 2.66% |
| Price | 1.43 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
FAQ
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