Lagercrantz Group 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
Stronger technical forecast for Lagercrantz Group AB (publ) stock price after Friday trading.
(Updated on May 03, 2024)
The Lagercrantz Group AB (publ) stock price gained 1.71% on the last trading day (Friday, 3rd May 2024), rising from kr163.50 to kr166.30. During the last trading day the stock fluctuated 3.19% from a day low at kr163.00 to a day high of kr168.20. The price has risen in 6 of the last 10 days and is up by 4.13% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 861 more shares were traded than the day before. In total, 130 thousand shares were bought and sold for approximately kr21.67 million.
The stock lies in the middle of a 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 15.98% during the next 3 months and, with a 90% probability hold a price between kr183.85 and kr197.34 at the end of this 3-month period.
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LAGR-B.ST Signals & Forecast
Mostly positive signals in the chart today. The Lagercrantz Group AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr163.61 and kr160.88. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 6.19%. 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). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Lagercrantz Group AB (publ) stock
Lagercrantz Group AB (publ) finds support from accumulated volume at kr163.90 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr5.20 between high and low, or 3.19%. For the last week the stock has had daily average volatility of 2.50%.
Our recommended stop-loss: kr159.68 (-3.98%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 5 days ago.)
Trading Expectations (LAGR-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Lagercrantz Group AB (publ) to open at kr165.83, and during the day (based on 14 day Average True Range), to move between kr161.99 and kr170.61, which gives a possible trading interval of +/-kr4.31 (+/-2.59%) up or down from last closing price. If Lagercrantz Group AB (publ) takes out the full calculated possible swing range there will be an estimated 5.18% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr163.90, some kr2.40 (1.44%) from the current price of kr166.30, our system finds the risk reward attractive.
Is Lagercrantz Group AB (publ) stock A Buy?
Lagercrantz Group AB (publ) holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 5.241 Strong Buy Candidate Upgraded
Predicted Opening Price for Lagercrantz Group AB (publ) of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| kr165.83 ( 0.281%) | kr166.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LAGR-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 171.03 | 2.85 % | |
| R2 | 169.05 | 1.65 % | ||
| R1 | 167.82 | 0.91 % | ||
| Current price: | 166.30 | |||
| Support | S1 | 163.85 | -1.48 % | |
| S2 | 162.62 | -2.21 % | ||
| S3 | 160.63 | -3.41 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 166.30 | |||
| Support | S1 | 163.90 | -1.44% | |
| S2 | 162.90 | -2.04% | ||
| S3 | 145.00 | -12.81% |
LAGR-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Aug 31, 2022 | Aug 31, 2022 | Aug 31, 2022 | kr1.30 | 1.33% |
| 2 | Aug 25, 2021 | Aug 25, 2021 | Aug 25, 2021 | kr1.00 | 0.86% |
| 3 | Aug 26, 2020 | Aug 26, 2020 | Aug 26, 2020 | kr0.667 | 1.09% |
| 4 | Aug 28, 2019 | Aug 28, 2019 | Aug 28, 2019 | kr0.83 | 2.07% |
| 5 | Oct 01, 2018 | Oct 01, 2018 | Oct 01, 2018 | kr0.667 | 2.30% |
FAQ
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