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 upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)
The Lifco AB (publ) stock price gained 0.725% on the last trading day (Friday, 31st May 2024), rising from kr275.80 to kr277.80. During the last trading day the stock fluctuated 2.20% from a day low at kr273.00 to a day high of kr279.00. The price has risen in 6 of the last 10 days but is still down by -2.59% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 789 thousand more shares were traded than the day before. In total, 979 thousand shares were bought and sold for approximately kr271.91 million.
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 Lifco AB (publ) stock with a 90% probability to be traded between kr257.03 and kr285.60 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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LIFCO-B.ST Signals & Forecast
The Lifco 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 kr280.40. On a fall, the stock will find some support from the long-term average at approximately kr276.02. 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. 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. 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 Thursday, May 23, 2024, and so far it has fallen -3.41%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Lifco AB (publ) stock
Lifco AB (publ) finds support from accumulated volume at kr277.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr6.00 (2.20%) between high and low. For the last week, the stock has had daily average volatility of 1.88%.
Our recommended stop-loss: kr266.15 (-4.19%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 24 days ago.)
Trading Expectations (LIFCO-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Lifco AB (publ) to open at kr276.60, and during the day (based on 14 day Average True Range), to move between kr271.77 and kr283.83, which gives a possible trading interval of +/-kr6.03 (+/-2.17%) up or down from last closing price. If Lifco AB (publ) takes out the full calculated possible swing range there will be an estimated 4.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr277.20 (0.22%) than the resistance at kr280.60 (1.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Lifco AB (publ) stock A Buy?
Lifco AB (publ) holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.262 Hold/Accumulate Upgraded
Predicted Opening Price for Lifco AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr276.60 ( 0.432%) | kr277.80 |
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 | |||
|---|---|---|---|---|
| Resistance | R3 | 282.60 | 1.73 % | |
| R2 | 280.31 | 0.90 % | ||
| R1 | 278.89 | 0.393 % | ||
| Current price: | 277.80 | |||
| Support | S1 | 274.31 | -1.26 % | |
| S2 | 272.89 | -1.77 % | ||
| S3 | 270.60 | -2.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 282.80 | 1.80 % | |
| R2 | 282.00 | 1.51 % | ||
| R1 | 280.60 | 1.01 % | ||
| Current price | 277.80 | |||
| Support | S1 | 277.20 | -0.216% | |
| S2 | 266.00 | -4.25% | ||
| S3 | 259.40 | -6.62% |
LIFCO-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 25, 2024 | kr0 | 0% |
| 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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