Knowit 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
Knowit AB (publ) stock price up 0.89% on Friday
(Updated on Jun 07, 2024)
The Knowit AB (publ) stock price gained 0.89% on the last trading day (Friday, 7th Jun 2024), rising from kr180.60 to kr182.20. During the last trading day the stock fluctuated 3.26% from a day low at kr178.00 to a day high of kr183.80. The price has risen in 5 of the last 10 days but is still down by -3.39% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 21 thousand more shares were traded than the day before. In total, 39 thousand shares were bought and sold for approximately kr7.19 million.
The stock lies in the middle of a wide and strong 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 17.66% during the next 3 months and, with a 90% probability hold a price between kr184.08 and kr229.16 at the end of this 3-month period.
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KNOW.ST Signals & Forecast
The Knowit AB (publ) stock 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 stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr182.91. On a fall, the stock will find some support from the long-term average at approximately kr168.59. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 22, 2024, and so far it has fallen -3.80%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Knowit AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr171.40 and kr156.00. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Knowit AB (publ) finds support just below today's level at kr171.40. If this is broken, then the next support from accumulated volume will be at kr156.00 and kr155.00.
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 kr5.80 between high and low, or 3.26%. For the last week, the stock has had daily average volatility of 2.09%.
Our recommended stop-loss: kr175.14 (-3.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 21 days ago.)
Trading Expectations (KNOW.ST) For The Upcoming Trading Day Of Monday 10th
For the upcoming trading day on Monday, 10th we expect Knowit AB (publ) to open at kr181.33, and during the day (based on 14 day Average True Range), to move between kr177.34 and kr187.06, which gives a possible trading interval of +/-kr4.86 (+/-2.67%) up or down from last closing price. If Knowit AB (publ) takes out the full calculated possible swing range there will be an estimated 5.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr183.20 (0.55%) than the support at kr171.40 (5.93%), 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 Knowit AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Knowit AB (publ) stock to perform well in the short-term.
Current score: 3.298 Buy Candidate Unchanged
Predicted Opening Price for Knowit AB (publ) of Monday, June 10, 2024
| Fair opening price June 10, 2024 | Current price |
|---|---|
| kr181.33 ( 0.476%) | kr182.20 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for KNOW.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 187.13 | 2.71% |
| R2 | 184.92 | 1.49% |
| R1 | 183.55 | 0.740% |
| Price | 182.20 | |
| S1 | 179.12 | -1.69% |
| S2 | 177.75 | -2.44% |
| S3 | 175.53 | -3.66% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 189.40 | 3.95% |
| R2 | 188.40 | 3.40% |
| R1 | 183.20 | 0.549% |
| Price | 182.20 | |
| S1 | 171.40 | -5.93% |
| S2 | 156.00 | -14.38% |
| S3 | 155.00 | -14.93% |
KNOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 15, 2024 | Nov 15, 2024 | Nov 21, 2024 | kr2.60 | 1.43% |
| 2 | May 06, 2024 | May 06, 2024 | May 13, 2024 | kr2.60 | 1.50% |
| 3 | Nov 15, 2023 | Nov 15, 2023 | Nov 21, 2023 | kr3.75 | 2.66% |
| 4 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr3.75 | 1.83% |
| 5 | Nov 15, 2022 | Nov 15, 2022 | Nov 15, 2022 | kr3.50 | 1.50% |
FAQ
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