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 price down 0.95% on Tuesday
(Updated on Jun 25, 2024)
The Moment Group AB stock price fell by -0.95% on the last day (Tuesday, 25th Jun 2024) from kr10.50 to kr10.40. During the last trading day the stock fluctuated 3.45% from a day low at kr10.15 to a day high of kr10.50. The price has fallen in 7 of the last 10 days and is down by -11.86% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -8 thousand shares and in total, 1 thousand shares were bought and sold for approximately kr15.43 thousand.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr10.22 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.24% during the next 3 months and, with a 90% probability hold a price between kr10.76 and kr12.79 at the end of this 3-month period.
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MOMENT.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 1.96%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Moment Group AB 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 kr10.46 and kr11.07. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The very low volume increases the risk and reduces the other technical signals issued.
A buy signal from a double bottom formation was found on Thursday, June 20, 2024 and based on theory for this formation the price should go up by 18.59% to kr12.33 within 36 trading days since signal was issued (Monday, August 12, 2024).
Support, Risk & Stop-loss for Moment Group AB stock
Moment Group AB finds support from accumulated volume at kr10.25 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.350 between high and low, or 3.45%. For the last week the stock has had daily average volatility of 5.05%.
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 Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Moment Group AB to open at kr10.35, and during the day (based on 14 day Average True Range), to move between kr9.89 and kr10.91, which gives a possible trading interval of +/-kr0.506 (+/-4.87%) up or down from last closing price. If Moment Group AB takes out the full calculated possible swing range there will be an estimated 9.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr10.25 (1.44%) than the resistance at kr11.00 (5.77%), 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.
Current score: -2.489 Sell Candidate Unchanged
Predicted Opening Price for Moment Group AB of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr10.35 ( 0.481%) | kr10.40 |
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 | 10.70 | 2.88% |
| R2 | 10.57 | 1.60% |
| R1 | 10.48 | 0.80% |
| Price | 10.40 | |
| S1 | 10.22 | -1.77% |
| S2 | 10.13 | -2.56% |
| S3 | 10.00 | -3.85% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 11.60 | 11.54% |
| R2 | 11.35 | 9.13% |
| R1 | 11.00 | 5.77% |
| Price | 10.40 | |
| S1 | 10.25 | -1.44% |
| S2 | 10.20 | -1.92% |
| S3 | 9.92 | -4.62% |
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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