Micro Systemation 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:
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 Micro Systemation AB (publ) stock after losing 0.351%
(Updated on May 31, 2024)
The Micro Systemation AB (publ) stock price fell by -0.351% on the last day (Friday, 31st May 2024) from kr57.00 to kr56.80. During the last trading day the stock fluctuated 1.78% from a day low at kr56.20 to a day high of kr57.20. The price has fallen in 5 of the last 10 days and is down by -1.73% for this period. Volume has increased on the last day by 48 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, 5 thousand shares were bought and sold for approximately kr274.69 thousand.
The stock lies in the middle of a wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 6.46% during the next 3 months and, with a 90% probability hold a price between kr53.06 and kr64.08 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
MSAB-B.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -4.38%. 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). Micro Systemation AB (publ) 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". The Micro Systemation AB (publ) 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 kr56.80 and kr54.38. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Micro Systemation AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr52.00 and kr51.80. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, Micro Systemation AB (publ) finds support just below today's level at kr52.00. If this is broken, then the next support from accumulated volume will be at kr51.80 and kr51.20.
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 kr1.00 (1.78%) between high and low. For the last week, the stock has had daily average volatility of 2.58%.
Our recommended stop-loss: kr54.95 (-3.26%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (MSAB-B.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Micro Systemation AB (publ) to open at kr56.73, and during the day (based on 14 day Average True Range), to move between kr54.88 and kr58.72, which gives a possible trading interval of +/-kr1.92 (+/-3.38%) up or down from last closing price. If Micro Systemation AB (publ) takes out the full calculated possible swing range there will be an estimated 6.76% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr57.60 (1.41%) than the support at kr52.00 (8.45%), 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 Micro Systemation AB (publ) stock A Buy?
Micro Systemation 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.
Current score: 0.714 Hold/Accumulate Unchanged
Predicted Opening Price for Micro Systemation AB (publ) of Monday, June 3, 2024
Fair opening price June 3, 2024 | Current price |
---|---|
kr56.73 ( 0.117%) | kr56.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for MSAB-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 57.73 | 1.64 % | |
R2 | 57.35 | 0.97 % | ||
R1 | 57.12 | 0.555 % | ||
Current price: | 56.80 | |||
Support | S1 | 56.35 | -0.790 % | |
S2 | 56.12 | -1.21 % | ||
S3 | 55.73 | -1.88 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 58.00 | 2.11 % | |
R2 | 57.80 | 1.76 % | ||
R1 | 57.60 | 1.41 % | ||
Current price | 56.80 | |||
Support | S1 | 52.00 | -8.45% | |
S2 | 51.80 | -8.80% | ||
S3 | 51.20 | -9.86% |
MSAB-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Nov 14, 2024 | Nov 14, 2024 | Nov 20, 2024 | kr0.500 | 0.88% |
2 | May 15, 2024 | May 15, 2024 | May 15, 2024 | kr0 | 0% |
3 | May 12, 2023 | May 12, 2023 | May 12, 2023 | kr1.00 | 2.10% |
4 | May 12, 2021 | May 12, 2021 | May 12, 2021 | kr2.00 | 3.42% |
5 | May 14, 2020 | May 14, 2020 | May 14, 2020 | kr0.100 | 0.448% |
FAQ
Click here for our free guide on how to buy Micro Systemation AB (publ) Stock.