Meyer Burger Technology AG 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
Is Meyer Burger Technology AG stock still a buy after falling -6.54% on Friday?
(Updated on May 17, 2024)
The Meyer Burger Technology AG stock price fell by -6.54% on the last day (Friday, 17th May 2024) from 0.0107 Fr to 0.0100 Fr. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 10.00% from a day low at 0.0100 Fr to a day high of 0.0110 Fr. The price has fallen in 7 of the last 10 days and is down by -9.91% for this period. Volume has increased on the last day by 62 million 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, 133 million shares were bought and sold for approximately 1.33 Fr million.
The stockhas broken the very wide and falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is -0.0043 Fr, a level that may pose a second chance to hit a runner. According to fan-theory 0.0335 Fr will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt. Due to the high volatility and the trend direction we are not able to give forecast range for this stock. 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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MBTN.SW Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, April 15, 2024, and so far it has risen 3.09%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Meyer Burger Technology AG 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 0.0107 Fr and 0.0131 Fr. A break-up above any of these levels will issue buy signals. Meyer Burger Technology AG gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Meyer Burger Technology AG stock
Meyer Burger Technology AG finds support from accumulated volume at 0.0097 Fr and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.0010 Fr between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 7.55%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MBTN.SW) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Meyer Burger Technology AG to open at 0.0103 Fr, and during the day (based on 14 day Average True Range), to move between 0.0082 Fr and 0.0118 Fr, which gives a possible trading interval of +/-0.0018 Fr (+/-18.35%) up or down from last closing price. If Meyer Burger Technology AG takes out the full calculated possible swing range there will be an estimated 36.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.0102 Fr (2.00%) than the support at 0.0097 Fr (3.00%), 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 Meyer Burger Technology AG stock A Buy?
Meyer Burger Technology AG holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Strong Sell candidate.
Current score: -6.344 Strong Sell Candidate Downgraded
Predicted Opening Price for Meyer Burger Technology AG of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 0.0103 Fr ( 3.33%) | 0.0100 Fr |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MBTN.SW
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0113 | 13.33 % | |
| R2 | 0.0110 | 9.51 % | ||
| R1 | 0.0107 | 7.15 % | ||
| Current price: | 0.0100 | |||
| Support | S1 | 0.0100 | -0.487 % | |
| S2 | 0.0097 | -2.85 % | ||
| S3 | 0.0093 | -6.67 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0115 | 15.00 % | |
| R2 | 0.0111 | 11.00 % | ||
| R1 | 0.0102 | 2.00 % | ||
| Current price | 0.0100 | |||
| Support | S1 | 0.0097 | -3.00% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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