Lenzing Aktiengesellschaft 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
Lenzing Aktiengesellschaft stock price ended at 35.15€ on Tuesday, after gaining 0.285%.
(Updated on Jun 25, 2024)
The Lenzing Aktiengesellschaft stock price gained 0.285% on the last trading day (Tuesday, 25th Jun 2024), rising from 35.05€ to 35.15€. During the last trading day the stock fluctuated 1.72% from a day low at 34.85€ to a day high of 35.45€. The price has fallen in 5 of the last 10 days but is still up by 8.82% 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, 338 more shares were traded than the day before. In total, 681 shares were bought and sold for approximately 23.94€ thousand.
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 12.64% during the next 3 months and, with a 90% probability hold a price between 36.85€ and 42.14€ at the end of this 3-month period.
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LEN.F Signals & Forecast
The Lenzing Aktiengesellschaft 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 34.90€ and 34.86€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Lenzing Aktiengesellschaft has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. 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, June 12, 2024, and so far it has fallen -4.48%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lenzing Aktiengesellschaft stock
Lenzing Aktiengesellschaft finds support from accumulated volume at 34.75€ 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 0.600€ between high and low, or 1.72%. For the last week, the stock has had daily average volatility of 0.99%.
Our recommended stop-loss: 33.08€ (-5.88%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 48 days ago.)
Trading Expectations (LEN.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Lenzing Aktiengesellschaft to open at 35.15€, and during the day (based on 14 day Average True Range), to move between 34.29€ and 36.01€, which gives a possible trading interval of +/-0.86€ (+/-2.45%) up or down from last closing price. If Lenzing Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 4.89% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 35.20€ (0.14%) than the support at 34.75€ (1.14%), 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 Lenzing Aktiengesellschaft 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 Lenzing Aktiengesellschaft stock to perform well in the short-term.
Current score: 3.691 Buy Candidate Unchanged
Predicted Opening Price for Lenzing Aktiengesellschaft of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 35.15€ ( 0.00000000%) | 35.15€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LEN.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 35.75 | 1.71% |
| R2 | 35.52 | 1.05% |
| R1 | 35.38 | 0.652% |
| Price | 35.15 | |
| S1 | 34.92 | -0.652% |
| S2 | 34.78 | -1.05% |
| S3 | 34.55 | -1.71% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 36.15 | 2.84% |
| R2 | 35.75 | 1.71% |
| R1 | 35.20 | 0.142% |
| Price | 35.15 | |
| S1 | 34.75 | -1.14% |
| S2 | 31.50 | -10.38% |
| S3 | 31.00 | -11.81% |
LEN Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | 4.35€ | 0% |
| 2 | Apr 20, 2020 | Apr 20, 2020 | Apr 20, 2020 | 1.00€ | 0% |
| 3 | Mar 05, 2019 | Apr 23, 2019 | Apr 25, 2019 | 2.00€ | 0% |
| 4 | Feb 23, 2018 | Apr 16, 2018 | Apr 18, 2018 | 2.00€ | 0% |
FAQ
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