Matas A/S 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
Red day on Friday for Matas A/S stock after losing 0.328%
(Updated on May 17, 2024)
The Matas A/S stock price fell by -0.328% on the last day (Friday, 17th May 2024) from kr121.80 to kr121.40. During the last trading day the stock fluctuated 1.66% from a day low at kr120.60 to a day high of kr122.60. The price has risen in 9 of the last 10 days and is up by 8.2% over the past 2 weeks. Volume has increased on the last day by 14 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 61 thousand shares were bought and sold for approximately kr7.35 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr121.76 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect Matas A/S stock with a 90% probability to be traded between kr106.75 and kr119.43 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. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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MATAS.CO Signals & Forecast
The Matas A/S 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 kr119.29 and kr114.80. 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). 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 16, 2024, and so far it has fallen -0.328%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Matas A/S stock
Matas A/S finds support from accumulated volume at kr119.40 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 kr2.00 between high and low, or 1.66%. For the last week, the stock has had daily average volatility of 1.58%.
The Matas A/S stock is overbought on RSI14 and lies in the upper part of the trend. Normally this may pose a good selling opportunity for the short-term trader, but some stocks may go long and hard while being overbought. Regardless, the high RSI together with the trend position increases the risk and higher daily movements (volatility) should be expected. A correction down in the nearby future seems very likely and it is of great importance that the stock manages to break the trend before that occurs.
Our recommended stop-loss: kr118.55 (-2.34%) (This stock has medium daily movements and this gives medium risk. The RSI14 is 89 and this increases the risk substantially. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (MATAS.CO) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Matas A/S to open at kr121.53, and during the day (based on 14 day Average True Range), to move between kr119.37 and kr123.43, which gives a possible trading interval of +/-kr2.03 (+/-1.67%) up or down from last closing price. If Matas A/S takes out the full calculated possible swing range there will be an estimated 3.34% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr121.80 (0.33%) than the support at kr119.40 (1.65%), 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 Matas A/S stock A Buy?
Several short-term signals are positive and we conclude that the current level may hold a buying opportunity, as there is a fair chance for Matas A/S stock to perform well in the short-term period.
Current score: 2.021 Buy Candidate Unchanged
Predicted Opening Price for Matas A/S of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr121.53 ( 0.110%) | kr121.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MATAS.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.53 | 1.76 % | |
| R2 | 122.77 | 1.13 % | ||
| R1 | 122.30 | 0.739 % | ||
| Current price: | 121.40 | |||
| Support | S1 | 120.77 | -0.519 % | |
| S2 | 120.30 | -0.91 % | ||
| S3 | 119.53 | -1.54 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 121.80 | 0.329 % | ||
| Current price | 121.40 | |||
| Support | S1 | 119.40 | -1.65% | |
| S2 | 118.20 | -2.64% | ||
| S3 | 117.80 | -2.97% |
MATAS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 30, 2023 | Jun 30, 2023 | Jun 30, 2023 | kr2.00 | 1.99% |
| 2 | Jun 29, 2022 | Jun 29, 2022 | Jun 29, 2022 | kr2.00 | 2.63% |
| 3 | Jun 30, 2021 | Jun 30, 2021 | Jun 30, 2021 | kr2.00 | 1.76% |
| 4 | Jun 28, 2019 | Jun 28, 2019 | Jun 28, 2019 | kr3.00 | 4.21% |
| 5 | Jun 29, 2018 | Jun 29, 2018 | Jun 29, 2018 | kr6.30 | 12.16% |
FAQ
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