Leclanché SA 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 Leclanché SA stock price after Friday trading.
(Updated on May 17, 2024)
The Leclanché SA stock price gained 3.86% on the last trading day (Friday, 17th May 2024), rising from 0.570 Fr to 0.592 Fr. During the last trading day the stock fluctuated 0% from a day low at 0.592 Fr to a day high of 0.592 Fr. The price has fallen in 6 of the last 10 days but is still up by 0.68% over the past 2 weeks. Volume fell on the last day by -24 thousand shares and in total, 2 thousand shares were bought and sold for approximately 1.23 Fr thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock is moving within a wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Leclanché SA stock with a 90% probability to be traded between 0.568 Fr and 0.645 Fr at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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LECN.SW Signals & Forecast
The Leclanché SA 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 0.592 Fr and 0.603 Fr. A break-up above any of these levels will issue buy signals. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued. Some positive signals were issued as well, and these may have some influence on the near short-term development. A buy signal was issued from a pivot bottom point on Thursday, May 16, 2024, and so far it has risen 3.86%. 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 Leclanché SA stock
Leclanché SA finds support from accumulated volume at 0.590 Fr 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved 0 Fr between high and low, or 0%. For the last week the stock has had daily average volatility of 2.01%.
Our recommended stop-loss: 0.566 Fr (-4.40%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 6 days ago.)
Trading Expectations (LECN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Leclanché SA to open at 0.592 Fr, and during the day (based on 14 day Average True Range), to move between 0.554 Fr and 0.630 Fr, which gives a possible trading interval of +/-0.0377 Fr (+/-6.37%) up or down from last closing price. If Leclanché SA takes out the full calculated possible swing range there will be an estimated 12.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 0.590 Fr (0.34%) than the resistance at 0.600 Fr (1.35%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Leclanché SA stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 1.199 Buy Candidate Upgraded
Predicted Opening Price for Leclanché SA of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 0.592 Fr ( 0%) | 0.592 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LECN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.592 | . | |
| R2 | 0.592 | . | ||
| R1 | 0.592 | . | ||
| Current price: | 0.592 | |||
| Support | S1 | 0.592 | . | |
| S2 | 0.592 | . | ||
| S3 | 0.592 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.630 | 6.42 % | |
| R2 | 0.620 | 4.73 % | ||
| R1 | 0.600 | 1.35 % | ||
| Current price | 0.592 | |||
| Support | S1 | 0.590 | -0.338% | |
| S2 | 0.580 | -2.03% | ||
| S3 | 0.562 | -5.07% |
LECN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 23, 2001 | Jun 20, 2001 | Jun 20, 2001 | 0.238 Fr | 0% |
| 2 | May 29, 2000 | Jun 21, 2000 | Jun 21, 2000 | 0.238 Fr | 0% |
| 3 | May 29, 1998 | Jun 24, 1998 | Jun 24, 1998 | 0.198 Fr | 0% |
| 4 | Jun 02, 1997 | Jun 25, 1997 | Jun 25, 1997 | 0.278 Fr | 0% |
FAQ
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