Precise Biometrics 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
Is Precise Biometrics AB (publ) stock still a buy after falling -7.72% on Thursday?
(Updated on May 02, 2024)
The Precise Biometrics AB (publ) stock price fell by -7.72% on the last day (Thursday, 2nd May 2024) from kr1.48 to kr1.36. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 8.22% from a day low at kr1.36 to a day high of kr1.47. The price has fallen in 8 of the last 10 days and is down by -26.3% for this period. Volume has increased on the last day by 586 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, 822 thousand shares were bought and sold for approximately kr1.12 million.
Given the current short-term trend, the stock is expected to rise 54.27% during the next 3 months and, with a 90% probability hold a price between kr2.10 and kr4.40 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
PREC.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Precise Biometrics AB (publ) 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 kr1.48 and kr1.54. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Friday, April 05, 2024, and so far it has fallen -46.59%. 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). Precise Biometrics AB (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs".
Support, Risk & Stop-loss for Precise Biometrics AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr1.07 and kr1.05. 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, Precise Biometrics AB (publ) finds support just below today's level at kr1.07. If this is broken, then the next support from accumulated volume will be at kr1.05 and kr1.04.
This stock may move very much during the day (volatility) and with a very large prediction interval from the Bollinger Band this stock is considered to be "very high risk". During the last day, the stock moved kr0.112 between high and low, or 8.22%. For the last week, the stock has had daily average volatility of 9.76%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (PREC.ST) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Precise Biometrics AB (publ) to open at kr1.40, and during the day (based on 14 day Average True Range), to move between kr1.17 and kr1.55, which gives a possible trading interval of +/-kr0.190 (+/-13.95%) up or down from last closing price. If Precise Biometrics AB (publ) takes out the full calculated possible swing range there will be an estimated 27.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr1.59 (16.45%) than the support at kr1.07 (21.44%), 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.
Is Precise Biometrics AB (publ) stock A Buy?
The Precise Biometrics AB (publ) stock holds several negative signals and despite the positive trend, we believe Precise Biometrics AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.192 Sell Candidate Unchanged
Predicted Opening Price for Precise Biometrics AB (publ) of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr1.40 ( 2.74%) | kr1.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PREC.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.51 | 10.96 % | |
| R2 | 1.47 | 7.82 % | ||
| R1 | 1.44 | 5.88 % | ||
| Current price: | 1.36 | |||
| Support | S1 | 1.36 | -0.400 % | |
| S2 | 1.33 | -2.34 % | ||
| S3 | 1.29 | -5.48 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 1.70 | 24.96 % | |
| R2 | 1.63 | 19.68 % | ||
| R1 | 1.59 | 16.45 % | ||
| Current price | 1.36 | |||
| Support | S1 | 1.07 | -21.44% | |
| S2 | 1.05 | -23.20% | ||
| S3 | 1.04 | -23.64% |
FAQ
Click here for our free guide on how to buy Precise Biometrics AB (publ) Stock.
