Moberg Pharma 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Evaluation of Moberg Pharma AB (publ) stock downgraded after the last trading session.
(Updated on Jun 28, 2024)
The Moberg Pharma AB (publ) stock price fell by -2.87% on the last day (Friday, 28th Jun 2024) from kr29.92 to kr29.06. During the last trading day the stock fluctuated 7.34% from a day low at kr28.06 to a day high of kr30.12. The price has been going up and down for this period, and there has been a 10.92% gain for the last 2 weeks. Volume has increased on the last day by 128 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, 366 thousand shares were bought and sold for approximately kr10.64 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.98% during the next 3 months and, with a 90% probability hold a price between kr16.15 and kr26.47 at the end of this 3-month period. 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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MOB.ST Signals & Forecast
The Moberg Pharma 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 kr29.69. On a fall, the stock will find some support from the long-term average at approximately kr26.93. 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). 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 Monday, June 24, 2024, and so far it has fallen -11.78%. 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 Moberg Pharma AB (publ) stock
Moberg Pharma AB (publ) finds support from accumulated volume at kr28.00 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 kr2.06 between high and low, or 7.34%. For the last week, the stock has had daily average volatility of 12.68%.
Our recommended stop-loss: kr28.05 (-3.49%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 17 days ago.)
Trading Expectations (MOB.ST) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Moberg Pharma AB (publ) to open at kr29.08, and during the day (based on 14 day Average True Range), to move between kr26.31 and kr31.81, which gives a possible trading interval of +/-kr2.75 (+/-9.48%) up or down from last closing price. If Moberg Pharma AB (publ) takes out the full calculated possible swing range there will be an estimated 18.95% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr28.00 (3.65%) than the resistance at kr34.30 (18.03%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moberg Pharma AB (publ) stock A Buy?
Moberg Pharma 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.050 Hold/Accumulate Downgraded
Predicted Opening Price for Moberg Pharma AB (publ) of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
kr29.08 ( 0.0688%) | kr29.06 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOB.ST
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 31.14 | 7.16% |
R2 | 30.35 | 4.45% |
R1 | 29.87 | 2.78% |
Price | 29.06 | |
S1 | 28.29 | -2.64% |
S2 | 27.81 | -4.31% |
S3 | 27.02 | -7.02% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 35.64 | 22.64% |
R2 | 34.34 | 18.17% |
R1 | 34.30 | 18.03% |
Price | 29.06 | |
S1 | 28.00 | -3.65% |
S2 | 27.86 | -4.13% |
S3 | 27.56 | -5.16% |
MOB Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 04, 2019 | Nov 04, 2019 | Nov 04, 2019 | kr46.50 | 21.04% |
FAQ
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