Q-linea 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
Q-linea AB (publ) stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Q-linea AB (publ) stock price gained 4.19% on the last trading day (Friday, 24th May 2024), rising from kr2.27 to kr2.36. It has now gained 3 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.29% from a day low at kr2.27 to a day high of kr2.39. The price has been going up and down for this period, and there has been a 3.96% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 26 thousand more shares were traded than the day before. In total, 101 thousand shares were bought and sold for approximately kr238.80 thousand.
The stock lies in the middle of a very 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 5.74% during the next 3 months and, with a 90% probability hold a price between kr2.20 and kr3.54 at the end of this 3-month period.
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QLINEA.ST Signals & Forecast
The Q-linea AB (publ) 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 kr2.19 and kr2.24. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Tuesday, May 21, 2024, and so far it has risen 14.01%. Further rise is indicated until a new top pivot has been found. Q-linea AB (publ) has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Q-linea AB (publ) stock
On the downside, the stock finds support just below today's level from accumulated volume at kr2.24 and kr2.22. 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, Q-linea AB (publ) finds support just below today's level at kr2.24. If this is broken, then the next support from accumulated volume will be at kr2.22 and kr2.08.
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 kr0.120 between high and low, or 5.29%. For the last week, the stock has had daily average volatility of 5.85%.
Our recommended stop-loss: kr2.23 (-5.54%) (This stock has very high daily movements and this gives very high risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (QLINEA.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Q-linea AB (publ) to open at kr2.34, and during the day (based on 14 day Average True Range), to move between kr2.15 and kr2.57, which gives a possible trading interval of +/-kr0.205 (+/-8.69%) up or down from last closing price. If Q-linea AB (publ) takes out the full calculated possible swing range there will be an estimated 17.38% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr2.24 (5.08%) than the resistance at kr2.56 (8.26%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Q-linea AB (publ) will release earnings BMO on Tuesday, May 28, 2024.The consensus among the analysts for the expected earnings (EPS) is -$0.400. We will update the financials statements for Q-linea AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 14.19% in the first trading day after earnings release.
Is Q-linea 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 Q-linea AB (publ) 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: 1.272 Buy Candidate Upgraded
Predicted Opening Price for Q-linea AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr2.34 ( 0.85%) | kr2.36 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QLINEA.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.46 | 4.24 % | |
| R2 | 2.41 | 2.29 % | ||
| R1 | 2.39 | 1.09 % | ||
| Current price: | 2.36 | |||
| Support | S1 | 2.29 | -2.79 % | |
| S2 | 2.27 | -3.99 % | ||
| S3 | 2.22 | -5.93 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 2.91 | 23.31 % | |
| R2 | 2.60 | 9.96 % | ||
| R1 | 2.56 | 8.26 % | ||
| Current price | 2.36 | |||
| Support | S1 | 2.24 | -5.08% | |
| S2 | 2.22 | -5.93% | ||
| S3 | 2.08 | -11.86% |
FAQ
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