Qt Group Oyj 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
Qt Group Oyj stock upgraded from Hold/Accumulate to Buy Candidate after Thursday trading session.
(Updated on May 16, 2024)
The Qt Group Oyj stock price gained 0.83% on the last trading day (Thursday, 16th May 2024), rising from 84.00€ to 84.70€. It has now gained 4 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 2.69% from a day low at 83.65€ to a day high of 85.90€. The price has risen in 8 of the last 10 days and is up by 16.59% over the past 2 weeks. Volume fell on the last day by -42 thousand shares and in total, 49 thousand shares were bought and sold for approximately 4.11€ 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.
Given the current short-term trend, the stock is expected to fall -4.81% during the next 3 months and, with a 90% probability hold a price between 63.50€ and 80.63€ at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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QTCOM.HE Signals & Forecast
Mostly positive signals in the chart today. The Qt Group Oyj 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 79.29€ and 74.21€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, April 25, 2024, and so far it has risen 25.20%. Further rise is indicated until a new top pivot has been found. 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.
Support, Risk & Stop-loss for Qt Group Oyj stock
On the downside, the stock finds support just below today's level from accumulated volume at 77.88€ and 72.98€. 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, Qt Group Oyj finds support just below today's level at 77.88€. If this is broken, then the next support from accumulated volume will be at 72.98€ and 67.65€.
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 2.25€ between high and low, or 2.69%. For the last week, the stock has had daily average volatility of 3.46%.
Our recommended stop-loss: 82.16€ (-3.00%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 13 days ago.)
Trading Expectations (QTCOM.HE) For The Upcoming Trading Day Of Friday 17th
For the upcoming trading day on Friday, 17th we expect Qt Group Oyj to open at 84.75€, and during the day (based on 14 day Average True Range), to move between 81.98€ and 87.42€, which gives a possible trading interval of +/-2.72€ (+/-3.21%) up or down from last closing price. If Qt Group Oyj takes out the full calculated possible swing range there will be an estimated 6.42% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 77.88€, some 6.82€ (8.05%) from the current price of 84.70€, our system finds the risk reward attractive.
Is Qt Group Oyj stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for 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: 4.551 Buy Candidate Upgraded
Predicted Opening Price for Qt Group Oyj of Friday, May 17, 2024
| Fair opening price May 17, 2024 | Current price |
|---|---|
| 84.75€ ( 0.0590%) | 84.70€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for QTCOM.HE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 87.00 | 2.72 % | |
| R2 | 86.14 | 1.70 % | ||
| R1 | 85.61 | 1.07 % | ||
| Current price: | 84.70 | |||
| Support | S1 | 83.89 | -0.96 % | |
| S2 | 83.36 | -1.58 % | ||
| S3 | 82.50 | -2.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 84.70 | |||
| Support | S1 | 77.88 | -8.05% | |
| S2 | 72.98 | -13.84% | ||
| S3 | 67.65 | -20.13% |
FAQ
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