Protector Forsikring 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
Protector Forsikring ASA stock upgraded from Hold/Accumulate to Buy Candidate after Tuesday trading session.
(Updated on Jul 02, 2024)
The Protector Forsikring ASA stock price gained 1.96% on the last trading day (Tuesday, 2nd Jul 2024), rising from kr255.00 to kr260.00. During the last trading day the stock fluctuated 2.76% from a day low at kr253.50 to a day high of kr260.50. The price has fallen in 6 of the last 10 days but is still up by 2.97% over the past 2 weeks. Volume fell on the last day by -31 thousand shares and in total, 30 thousand shares were bought and sold for approximately kr7.68 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 16.54% during the next 3 months and, with a 90% probability hold a price between kr285.55 and kr309.29 at the end of this 3-month period.
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PROT.OL Signals & Forecast
The Protector Forsikring ASA 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 kr258.36 and kr246.27. 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). 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. 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, June 24, 2024, and so far it has fallen -0.574%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Protector Forsikring ASA stock
On the downside, the stock finds support just below today's level from accumulated volume at kr242.50 and kr239.00. 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, Protector Forsikring ASA finds support just below today's level at kr242.50. If this is broken, then the next support from accumulated volume will be at kr239.00 and kr234.00.
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 kr7.00 between high and low, or 2.76%. For the last week, the stock has had daily average volatility of 2.23%.
Our recommended stop-loss: kr251.93 (-3.10%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 22 days ago.)
Trading Expectations (PROT.OL) For The Upcoming Trading Day Of Wednesday 3rd
For the upcoming trading day on Wednesday, 3rd we expect Protector Forsikring ASA to open at kr258.00, and during the day (based on 14 day Average True Range), to move between kr254.05 and kr265.95, which gives a possible trading interval of +/-kr5.95 (+/-2.29%) up or down from last closing price. If Protector Forsikring ASA takes out the full calculated possible swing range there will be an estimated 4.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr261.50 (0.58%) than the support at kr242.50 (6.73%), 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 Protector Forsikring ASA 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 Protector Forsikring ASA stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 4.305 Buy Candidate Upgraded
Predicted Opening Price for Protector Forsikring ASA of Wednesday, July 3, 2024
| Fair opening price July 3, 2024 | Current price |
|---|---|
| kr258.00 ( 0.769%) | kr260.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for PROT.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 265.00 | 1.92% |
| R2 | 262.33 | 0.89% |
| R1 | 260.67 | 0.259% |
| Price | 260.00 | |
| S1 | 255.33 | -1.80% |
| S2 | 253.67 | -2.43% |
| S3 | 251.00 | -3.46% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 261.50 | 0.577% |
| Price | 260.00 | |
| S1 | 242.50 | -6.73% |
| S2 | 239.00 | -8.08% |
| S3 | 234.00 | -10.00% |
PROT Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 02, 2024 | May 02, 2024 | May 10, 2024 | kr2.00 | 0.83% |
| 2 | Feb 07, 2024 | Feb 07, 2024 | Feb 14, 2024 | kr5.00 | 2.30% |
| 3 | Jul 13, 2023 | Jul 13, 2023 | Jul 13, 2023 | kr2.00 | 1.28% |
| 4 | May 03, 2023 | May 03, 2023 | May 03, 2023 | kr2.00 | 1.27% |
| 5 | Feb 08, 2023 | Feb 08, 2023 | Feb 08, 2023 | kr6.00 | 4.20% |
FAQ
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