Lifco 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
Lifco AB (publ) stock price ended at kr296.40 on Tuesday, after gaining 1.58%.
(Updated on Jul 02, 2024)
The Lifco AB (publ) stock price gained 1.58% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr291.80 to kr296.40. During the last trading day the stock fluctuated 2.91% from a day low at kr288.20 to a day high of kr296.60. The price has risen in 6 of the last 10 days and is up by 5.11% 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, 18 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately kr27.16 million.
The stock lies in the upper part of a wide and weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr299.23 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 5.72% during the next 3 months and, with a 90% probability hold a price between kr286.78 and kr316.34 at the end of this 3-month period.
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LIFCO-B.ST Signals & Forecast
Mostly positive signals in the chart today. The Lifco 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 kr291.63 and kr284.62. 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 14.26%. 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 Lifco AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr277.80 and kr266.00. 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, Lifco AB (publ) finds support just below today's level at kr277.80. If this is broken, then the next support from accumulated volume will be at kr266.00 and kr259.40.
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 kr8.40 between high and low, or 2.91%. For the last week the stock has had daily average volatility of 2.08%.
Our recommended stop-loss: kr284.96 (-3.86%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 66 days ago.)
Trading Expectations (LIFCO-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Lifco AB (publ) to open at kr293.73, and during the day (based on 14 day Average True Range), to move between kr289.74 and kr303.06, which gives a possible trading interval of +/-kr6.66 (+/-2.25%) up or down from last closing price. If Lifco AB (publ) takes out the full calculated possible swing range there will be an estimated 4.50% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr277.80, some kr18.60 (6.28%) from the current price of kr296.40, our system finds the risk reward attractive.
Is Lifco 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 Lifco AB (publ) stock to perform well in the short-term.
Current score: 4.077 Buy Candidate Unchanged
Predicted Opening Price for Lifco AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr293.73 ( 0.90%) | kr296.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for LIFCO-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 302.13 | 1.93% |
| R2 | 298.92 | 0.85% |
| R1 | 296.94 | 0.183% |
| Price | 296.40 | |
| S1 | 290.52 | -1.98% |
| S2 | 288.54 | -2.65% |
| S3 | 285.33 | -3.73% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 296.40 | |
| S1 | 277.80 | -6.28% |
| S2 | 266.00 | -10.26% |
| S3 | 259.40 | -12.48% |
LIFCO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr2.10 | 0.789% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | kr1.80 | 0.787% |
| 3 | May 02, 2022 | May 02, 2022 | May 02, 2022 | kr1.50 | 0.768% |
| 4 | Apr 26, 2021 | Apr 26, 2021 | Apr 26, 2021 | kr1.20 | 0.651% |
| 5 | Jun 25, 2020 | Jun 25, 2020 | Jun 25, 2020 | kr1.05 | 0.90% |
FAQ
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