NOTE 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 NOTE AB (publ) stock after losing 0.329%
(Updated on May 31, 2024)
The NOTE AB (publ) stock price fell by -0.329% on the last day (Friday, 31st May 2024) from kr151.80 to kr151.30. During the last trading day the stock fluctuated 3.13% from a day low at kr147.20 to a day high of kr151.80. The price has risen in 7 of the last 10 days and is up by 4.85% over the past 2 weeks. Volume has increased on the last day by 561 thousand 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, 614 thousand shares were bought and sold for approximately kr92.91 million.
The stockis at the upper part of a wide and horizontal trend and normally this may pose a good selling opportunity but a break-up through the top trend line at kr152.41 will give a strong buy signal and a trend shift could be expected. Given the current horizontal trend, you can expect NOTE AB (publ) stock with a 90% probability to be traded between kr126.35 and kr151.36 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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NOTE.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Friday, May 24, 2024, and so far it has fallen -0.787%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The NOTE 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 kr150.09 and kr140.91. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for NOTE AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr141.90 and kr133.00. 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, NOTE AB (publ) finds support just below today's level at kr141.90. If this is broken, then the next support from accumulated volume will be at kr133.00 and kr128.30.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr4.60 between high and low, or 3.13%. For the last week, the stock has had daily average volatility of 4.42%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOTE.ST) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect NOTE AB (publ) to open at kr150.10, and during the day (based on 14 day Average True Range), to move between kr146.20 and kr156.40, which gives a possible trading interval of +/-kr5.10 (+/-3.37%) up or down from last closing price. If NOTE AB (publ) takes out the full calculated possible swing range there will be an estimated 6.74% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr152.40 (0.73%) than the support at kr141.90 (6.21%), 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 NOTE AB (publ) stock A Buy?
NOTE AB (publ) holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.518 Sell Candidate Unchanged
Predicted Opening Price for NOTE AB (publ) of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr150.10 ( 0.793%) | kr151.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOTE.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 154.70 | 2.25 % | |
| R2 | 152.94 | 1.09 % | ||
| R1 | 151.86 | 0.368 % | ||
| Current price: | 151.30 | |||
| Support | S1 | 148.34 | -1.95 % | |
| S2 | 147.26 | -2.67 % | ||
| S3 | 145.50 | -3.83 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 158.50 | 4.76 % | |
| R2 | 157.50 | 4.10 % | ||
| R1 | 152.40 | 0.727 % | ||
| Current price | 151.30 | |||
| Support | S1 | 141.90 | -6.21% | |
| S2 | 133.00 | -12.10% | ||
| S3 | 128.30 | -15.20% |
NOTE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | kr1.20 | 3.19% |
| 2 | Apr 26, 2019 | Apr 26, 2019 | Apr 26, 2019 | kr0.700 | 2.42% |
| 3 | Apr 27, 2018 | Apr 27, 2018 | Apr 27, 2018 | kr1.00 | 4.21% |
| 4 | Apr 21, 2017 | Apr 21, 2017 | Apr 21, 2017 | kr0.700 | 3.61% |
| 5 | Apr 20, 2016 | Apr 20, 2016 | Apr 20, 2016 | kr0.700 | 5.51% |
FAQ
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