Moment Group AB 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
Moment Group AB stock downgraded from Sell Candidate to Strong Sell Candidate after Monday trading session.
(Updated on Jun 17, 2024)
The Moment Group AB stock price fell by -4.55% on the last day (Monday, 17th Jun 2024) from kr11.00 to kr10.50. During the last trading day the stock fluctuated 9.45% from a day low at kr10.05 to a day high of kr11.00. The price has been going up and down for this period, and there has been a -7.49% loss for the last 2 weeks. Volume has increased on the last day by 21 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, 27 thousand shares were bought and sold for approximately kr286.77 thousand.
The stock has broken the wide and strong rising short-term trend down. This signalizes a slower rate of rising, but may also be an early warning about a possible trend shift. Due to the trend being broken there will now be resistance at the bottom line of the trend at kr10.94. A reaction back to this level may hold a second chance to get out before further falls.
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MOMENT.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Moment Group AB stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at kr11.29 and kr11.10. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 10, 2024, and so far it has fallen -11.02%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Moment Group AB 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 Moment Group AB stock
Moment Group AB finds support from accumulated volume at kr10.40 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 kr0.95 (9.45%) between high and low. For the last week, the stock has had daily average volatility of 4.40%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (MOMENT.ST) For The Upcoming Trading Day Of Tuesday 18th
For the upcoming trading day on Tuesday, 18th we expect Moment Group AB to open at kr10.52, and during the day (based on 14 day Average True Range), to move between kr10.00 and kr11.00, which gives a possible trading interval of +/-kr0.503 (+/-4.79%) up or down from last closing price. If Moment Group AB takes out the full calculated possible swing range there will be an estimated 9.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr10.40 (0.95%) than the resistance at kr11.00 (4.76%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Moment Group AB stock A Buy?
The Moment Group AB stock holds several negative signals and despite the positive trend, we believe Moment Group AB will perform weakly in the next couple of days or weeks. Therefore, we 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: -5.068 Strong Sell Candidate Downgraded
Predicted Opening Price for Moment Group AB of Tuesday, June 18, 2024
| Fair opening price June 18, 2024 | Current price |
|---|---|
| kr10.52 ( 0.159%) | kr10.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MOMENT.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.47 | 9.21% |
| R2 | 11.10 | 5.75% |
| R1 | 10.88 | 3.61% |
| Price | 10.50 | |
| S1 | 10.15 | -3.30% |
| S2 | 9.93 | -5.43% |
| S3 | 9.57 | -8.89% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.60 | 10.48% |
| R2 | 11.35 | 8.10% |
| R1 | 11.00 | 4.76% |
| Price | 10.50 | |
| S1 | 10.40 | -0.95% |
| S2 | 10.00 | -4.78% |
| S3 | 9.99 | -4.90% |
MOMENT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 09, 2018 | May 09, 2018 | May 09, 2018 | kr0.0516 | 0.106% |
| 2 | May 04, 2016 | May 04, 2016 | May 04, 2016 | kr0.168 | 0.362% |
| 3 | May 07, 2015 | May 07, 2015 | May 07, 2015 | kr0.247 | 0.417% |
| 4 | May 09, 2014 | May 09, 2014 | May 09, 2014 | kr0.168 | 0.469% |
| 5 | May 08, 2013 | May 08, 2013 | May 08, 2013 | kr0.0673 | 0.227% |
FAQ
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