Retail Estates NV 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
Retail Estates NV stock price up 0.97% on Monday
(Updated on Jul 13, 2020)
The Retail Estates NV stock price gained 0.97% on the last trading day (Monday, 13th Jul 2020), rising from 62.00€ to 62.60€. During the last trading day the stock fluctuated 1.29% from a day low at 61.90€ to a day high of 62.70€. The price has risen in 6 of the last 10 days and is up by 18.56% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 532 more shares were traded than the day before. In total, 6 thousand shares were bought and sold for approximately 377.29€ thousand.
The stock lies in the middle of a wide and 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 39.26% during the next 3 months and, with a 90% probability hold a price between 83.57€ and 96.99€ at the end of this 3-month period.
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RET.BB Signals & Forecast
The Retail Estates NV 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 58.28€ and 58.56€. 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). Retail Estates NV 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. A sell signal was issued from a pivot top point on Wednesday, July 08, 2020, and so far it has fallen -0.792%. Further fall is indicated until a new bottom pivot has been found.
Support, Risk & Stop-loss for Retail Estates NV stock
On the downside, the stock finds support just below today's level from accumulated volume at 48.80€ and 48.05€. 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, Retail Estates NV finds support just below today's level at 48.80€. If this is broken, then the next support from accumulated volume will be at 48.05€ and 47.05€.
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 0.80€ between high and low, or 1.29%. For the last week the stock has had daily average volatility of 2.70%.
The Retail Estates NV stock is extremely overbought on RSI14 (85). This increases the short-term risk substantially.
Our recommended stop-loss: 59.39€ (-5.12%) (This stock has low daily movements and this gives low risk. The RSI14 is 85 and this increases the risk substantially. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (RET.BB) For The Upcoming Trading Day Of Tuesday 14th
Since the stock is closer to the resistance from accumulated volume at 63.10€ (0.80%) than the support at 48.80€ (22.04%), 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 Retail Estates NV stock A Buy?
Retail Estates NV holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.
Current score: 0.000 Hold/Accumulate Unchanged
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Retail Estates NV of Tuesday, July 14, 2020
| Fair opening price July 14, 2020 | Current price |
|---|---|
| 62.40€ ( 0.319%) | 62.60€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for RET.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.20 | 0.96 % | |
| R2 | 62.89 | 0.470 % | ||
| R1 | 62.71 | 0.169 % | ||
| Current price: | 62.60 | |||
| Support | S1 | 62.09 | -0.81 % | |
| S2 | 61.91 | -1.11 % | ||
| S3 | 61.60 | -1.60 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 63.10 | 0.799 % | ||
| Current price | 62.60 | |||
| Support | S1 | 48.80 | -22.04% | |
| S2 | 48.05 | -23.24% | ||
| S3 | 47.05 | -24.84% |
FAQ
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