NCAB Group 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
NCAB Group AB (publ) stock downgraded to Hold/Accumulate
(Updated on May 17, 2024)
The NCAB Group AB (publ) stock price fell by -0.375% on the last day (Friday, 17th May 2024) from kr79.90 to kr79.60. During the last trading day the stock fluctuated 1.65% from a day low at kr78.60 to a day high of kr79.90. The price has risen in 6 of the last 10 days and is up by 16.12% over the past 2 weeks. 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 -482 thousand shares and in total, 92 thousand shares were bought and sold for approximately kr7.31 million.
The stockis at the upper part of a very wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr79.92 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect NCAB Group AB (publ) stock with a 90% probability to be traded between kr62.17 and kr80.91 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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NCAB.ST Signals & Forecast
The NCAB Group 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 kr77.41 and kr69.44. A breakdown below any of these levels will issue sell signals. 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 Thursday, May 16, 2024, and so far it has fallen -0.375%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NCAB Group AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr73.30 and kr64.65. 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, NCAB Group AB (publ) finds support just below today's level at kr73.30. If this is broken, then the next support from accumulated volume will be at kr64.65 and kr60.75.
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 kr1.30 between high and low, or 1.65%. For the last week, the stock has had daily average volatility of 3.51%.
Our recommended stop-loss: kr76.57 (-3.81%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 40 days ago.)
Trading Expectations (NCAB.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect NCAB Group AB (publ) to open at kr79.37, and during the day (based on 14 day Average True Range), to move between kr76.53 and kr82.67, which gives a possible trading interval of +/-kr3.07 (+/-3.85%) up or down from last closing price. If NCAB Group AB (publ) takes out the full calculated possible swing range there will be an estimated 7.71% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr79.90 (0.38%) than the support at kr73.30 (7.91%), 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 NCAB Group AB (publ) stock A Buy?
NCAB Group 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 Strong Buy to a Hold/Accumulate candidate.
Current score: 0.692 Hold/Accumulate Downgraded
Predicted Opening Price for NCAB Group AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr79.37 ( 0.293%) | kr79.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCAB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 80.67 | 1.34 % | |
| R2 | 80.17 | 0.716 % | ||
| R1 | 79.86 | 0.331 % | ||
| Current price: | 79.60 | |||
| Support | S1 | 78.87 | -0.92 % | |
| S2 | 78.56 | -1.30 % | ||
| S3 | 78.07 | -1.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 79.90 | 0.377 % | ||
| Current price | 79.60 | |||
| Support | S1 | 73.30 | -7.91% | |
| S2 | 64.65 | -18.78% | ||
| S3 | 60.75 | -23.68% |
NCAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr1.10 | 1.38% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr1.10 | 1.42% |
| 3 | Sep 30, 2022 | Sep 30, 2022 | Sep 30, 2022 | kr0.300 | 0.655% |
| 4 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr0.300 | 0.528% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | kr1.00 | 1.23% |
FAQ
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