Pexip Holding ASA 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
Evaluation of Pexip Holding ASA stock downgraded after the last trading session.
(Updated on May 10, 2024)
The Pexip Holding ASA stock price fell by -2.01% on the last day (Friday, 10th May 2024) from kr29.85 to kr29.25. During the last trading day the stock fluctuated 4.15% from a day low at kr28.90 to a day high of kr30.10. The price has been going up and down for this period, and there has been a 6.75% gain for the last 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 -37 thousand shares and in total, 282 thousand shares were bought and sold for approximately kr8.23 million.
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 8.45% during the next 3 months and, with a 90% probability hold a price between kr29.06 and kr35.89 at the end of this 3-month period.
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PEXIP.OL Signals & Forecast
The Pexip Holding ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr28.59 and kr28.66. 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 Wednesday, May 08, 2024, and so far it has fallen -2.01%. 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 Pexip Holding ASA stock
Pexip Holding ASA finds support from accumulated volume at kr29.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr1.20 between high and low, or 4.15%. For the last week, the stock has had daily average volatility of 5.05%.
Our recommended stop-loss: kr27.92 (-4.54%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (PEXIP.OL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Pexip Holding ASA to open at kr29.42, and during the day (based on 14 day Average True Range), to move between kr28.02 and kr30.48, which gives a possible trading interval of +/-kr1.23 (+/-4.20%) up or down from last closing price. If Pexip Holding ASA takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr29.00 (0.85%) than the resistance at kr30.90 (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 Pexip Holding ASA stock A Buy?
Pexip Holding ASA 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 Buy to a Hold/Accumulate candidate.
Current score: 0.680 Hold/Accumulate Downgraded
Predicted Opening Price for Pexip Holding ASA of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr29.42 ( 0.570%) | kr29.25 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PEXIP.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.62 | 4.67 % | |
| R2 | 30.16 | 3.11 % | ||
| R1 | 29.88 | 2.14 % | ||
| Current price: | 29.25 | |||
| Support | S1 | 28.96 | -1.00 % | |
| S2 | 28.68 | -1.97 % | ||
| S3 | 28.22 | -3.53 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 32.00 | 9.40 % | |
| R2 | 31.45 | 7.52 % | ||
| R1 | 30.90 | 5.64 % | ||
| Current price | 29.25 | |||
| Support | S1 | 29.00 | -0.85% | |
| S2 | 27.60 | -5.64% | ||
| S3 | 24.30 | -16.92% |
PEXIP Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 15, 2024 | Apr 15, 2024 | Apr 15, 2024 | kr0 | 0% |
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