Next Biometrics Group AS 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
Next Biometrics Group AS stock downgraded to Sell Candidate
(Updated on May 16, 2024)
No changes to the price of Next Biometrics Group AS stock on the last trading day (Thursday, 16th May 2024). During the last trading day the stock fluctuated 2.48% from a day low at kr8.06 to a day high of kr8.26. The price has fallen in 6 of the last 10 days and is down by -6.64% for this period.
The stock has broken the wide and weak 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 kr8.16. A reaction back to this level may hold a second chance to get out before further falls.
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NEXT.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 2024, and so far it has fallen 0%. 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 Next Biometrics Group AS 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 kr8.41 and kr8.66. 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 on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point".
Support, Risk & Stop-loss for Next Biometrics Group AS stock
Next Biometrics Group AS finds support from accumulated volume at kr8.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved kr0.200 between high and low, or 2.48%. For the last week the stock has had daily average volatility of 3.58%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NEXT.OL) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect Next Biometrics Group AS to open at kr8.16, and during the day (based on 14 day Average True Range), to move between kr7.85 and kr8.47, which gives a possible trading interval of +/-kr0.310 (+/-3.80%) up or down from last closing price. If Next Biometrics Group AS takes out the full calculated possible swing range there will be an estimated 7.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr8.00 (1.96%) than the resistance at kr8.62 (5.64%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Next Biometrics Group AS stock A Buy?
The Next Biometrics Group AS stock holds several negative signals and despite the positive trend, we believe Next Biometrics Group AS 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 Hold/Accumulate to a Sell candidate.
Current score: -2.443 Sell Candidate Downgraded
Predicted Opening Price for Next Biometrics Group AS of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| kr8.16 ( 0%) | kr8.16 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NEXT.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.36 | 2.45 % | |
| R2 | 8.28 | 1.51 % | ||
| R1 | 8.24 | 0.94 % | ||
| Current price: | 8.16 | |||
| Support | S1 | 8.08 | -0.94 % | |
| S2 | 8.04 | -1.51 % | ||
| S3 | 7.96 | -2.45 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 8.78 | 7.60 % | |
| R2 | 8.70 | 6.62 % | ||
| R1 | 8.62 | 5.64 % | ||
| Current price | 8.16 | |||
| Support | S1 | 8.00 | -1.96% | |
| S2 | 0 | . | ||
| S3 | 0 | . |
FAQ
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