Pandox 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
Pandox AB (publ) stock price up 0.529% on Tuesday
(Updated on Jul 02, 2024)
The Pandox AB (publ) stock price gained 0.529% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr189.00 to kr190.00. During the last trading day the stock fluctuated 2.13% from a day low at kr188.00 to a day high of kr192.00. The price has risen in 5 of the last 10 days and is up by 1.39% over the past 2 weeks. Volume fell on the last day by -596 shares and in total, 25 thousand shares were bought and sold for approximately kr4.80 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a strong 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 13.08% during the next 3 months and, with a 90% probability hold a price between kr206.06 and kr224.46 at the end of this 3-month period.
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PNDX-B.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Tuesday, June 04, 2024, and so far it has fallen -0.84%. 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). The Pandox 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 kr188.23 and kr184.08. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely.
Support, Risk & Stop-loss for Pandox AB (publ) stock
Pandox AB (publ) finds support from accumulated volume at kr189.60 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 very controlled movements and with good liquidity the risk is considered very low in this stock. During the last day, the stock moved kr4.00 between high and low, or 2.13%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: kr183.04 (-3.66%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 44 days ago.)
Trading Expectations (PNDX-B.ST) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Pandox AB (publ) to open at kr190.00, and during the day (based on 14 day Average True Range), to move between kr185.29 and kr194.71, which gives a possible trading interval of +/-kr4.71 (+/-2.48%) up or down from last closing price. If Pandox AB (publ) takes out the full calculated possible swing range there will be an estimated 4.96% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr189.60 (0.21%) than the resistance at kr191.40 (0.74%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Pandox 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 Pandox AB (publ) stock to perform well in the short-term.
Current score: 3.267 Buy Candidate Unchanged
Predicted Opening Price for Pandox AB (publ) of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr190.00 ( 0%) | kr190.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PNDX-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 194.00 | 2.11% |
| R2 | 192.47 | 1.30% |
| R1 | 191.53 | 0.80% |
| Price | 190.00 | |
| S1 | 188.47 | -0.80% |
| S2 | 187.53 | -1.30% |
| S3 | 186.00 | -2.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 191.60 | 0.84% |
| R1 | 191.40 | 0.737% |
| Price | 190.00 | |
| S1 | 189.60 | -0.211% |
| S2 | 182.20 | -4.11% |
| S3 | 176.80 | -6.95% |
PNDX-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 11, 2024 | Apr 11, 2024 | Apr 17, 2024 | kr4.00 | 2.40% |
| 2 | Apr 13, 2023 | Apr 13, 2023 | Apr 13, 2023 | kr2.50 | 1.89% |
| 3 | Apr 06, 2020 | Apr 06, 2020 | Apr 06, 2020 | kr3.60 | 4.40% |
| 4 | Apr 11, 2019 | Apr 11, 2019 | Apr 11, 2019 | kr4.70 | 2.83% |
| 5 | Apr 10, 2018 | Apr 10, 2018 | Apr 10, 2018 | kr4.40 | 3.05% |
FAQ
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