Nolato 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
Green day on Friday for Nolato AB (publ)
(Updated on May 03, 2024)
The Nolato AB (publ) stock price gained 0.736% on the last trading day (Friday, 3rd May 2024), rising from kr54.35 to kr54.75. During the last trading day the stock fluctuated 2.78% from a day low at kr53.95 to a day high of kr55.45. The price has been going up and down for this period, and there has been a 2.15% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 9 thousand more shares were traded than the day before. In total, 145 thousand shares were bought and sold for approximately kr7.92 million.
The stock lies in the upper part of a wide and strong rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at kr55.45 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 28.01% during the next 3 months and, with a 90% probability hold a price between kr64.00 and kr70.98 at the end of this 3-month period.
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NOLA-B.ST Signals & Forecast
The Nolato 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 kr54.26 and kr50.71. A breakdown below any of these levels will issue sell signals. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 29, 2024, and so far it has fallen -0.182%. 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).
Support, Risk & Stop-loss for Nolato AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr45.20 and kr45.04. 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, Nolato AB (publ) finds support just below today's level at kr45.20. If this is broken, then the next support from accumulated volume will be at kr45.04 and kr44.48.
In general the stock tends to have very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr1.50 between high and low, or 2.78%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: kr52.62 (-3.88%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (NOLA-B.ST) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Nolato AB (publ) to open at kr54.72, and during the day (based on 14 day Average True Range), to move between kr53.41 and kr56.09, which gives a possible trading interval of +/-kr1.34 (+/-2.45%) up or down from last closing price. If Nolato AB (publ) takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr54.85 (0.18%) than the support at kr45.20 (17.44%), 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.
Earnings coming up
Nolato AB (publ) will release earnings BMO on Monday, May 06, 2024.The consensus among the analysts for the expected earnings (EPS) is $0.400. We will update the financials statements for Nolato AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.77% in the first trading day after earnings release.
Is Nolato AB (publ) stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Nolato AB (publ) stock to perform well in the short-term.
Current score: 3.655 Buy Candidate Unchanged
Predicted Opening Price for Nolato AB (publ) of Monday, May 6, 2024
Fair opening price May 6, 2024 | Current price |
---|---|
kr54.72 ( 0.0609%) | kr54.75 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOLA-B.ST
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 56.22 | 2.68 % | |
R2 | 55.64 | 1.63 % | ||
R1 | 55.29 | 0.99 % | ||
Current price: | 54.75 | |||
Support | S1 | 54.14 | -1.11 % | |
S2 | 53.79 | -1.75 % | ||
S3 | 53.22 | -2.80 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 54.85 | 0.183 % | ||
Current price | 54.75 | |||
Support | S1 | 45.20 | -17.44% | |
S2 | 45.04 | -17.74% | ||
S3 | 44.48 | -18.76% |
NOLA-B Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 07, 2024 | May 07, 2024 | May 14, 2024 | kr1.50 | 2.74% |
2 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr1.90 | 3.21% |
3 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr1.90 | 3.26% |
4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.60 | 1.79% |
5 | May 05, 2020 | May 05, 2020 | May 05, 2020 | kr14.00 | 26.17% |
FAQ
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