SAS 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
High volatility in SAS AB (publ) stock price on Thursday which ended trading at kr0.0270
(Updated on May 23, 2024)
The SAS AB (publ) stock price fell by -17.68% on the last day (Thursday, 23rd May 2024) from kr0.0328 to kr0.0270. During the last trading day the stock fluctuated 58.91% from a day low at kr0.0258 to a day high of kr0.0410. The price has risen in 6 of the last 10 days and is up by 53.41% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -34 million shares and in total, 84 million shares were bought and sold for approximately kr2.27 million.
The stock lies in the middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -20.95% during the next 3 months and, with a 90% probability hold a price between kr0.0002 and kr0.0353 at the end of this 3-month period.
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SAS-DKK.CO Signals & Forecast
The SAS AB (publ) 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 kr0.0216 and kr0.0175. 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). 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 Thursday, February 29, 2024, and so far it has fallen -51.70%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for SAS AB (publ) stock
SAS AB (publ) finds support from accumulated volume at kr0.0260 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr0.0152 between high and low, or 58.91%. For the last week, the stock has had daily average volatility of 40.55%.
Our recommended stop-loss: kr0.0255 (-5.54%) (This stock has very high daily movements and this gives very high risk. There is a sell signal from a pivot top found 72 days ago.)
Trading Expectations (SAS-DKK.CO) For The Upcoming Trading Day Of Friday 24th
For the upcoming trading day on Friday, 24th we expect SAS AB (publ) to open at kr0.0313, and during the day (based on 14 day Average True Range), to move between kr0.0220 and kr0.0320, which gives a possible trading interval of +/-kr0.0050 (+/-18.63%) up or down from last closing price. If SAS AB (publ) takes out the full calculated possible swing range there will be an estimated 37.27% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr0.0280 (3.70%) than the support at kr0.0260 (3.70%), 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.
Earnings coming up
SAS AB (publ) will release earnings BMO on Thursday, May 30, 2024. We will update the financials statements for SAS AB (publ), that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 12.23% in the first trading day after earnings release.
Is SAS AB (publ) stock A Buy?
SAS AB (publ) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.350 Hold/Accumulate Downgraded
Predicted Opening Price for SAS AB (publ) of Friday, May 24, 2024
| Fair opening price May 24, 2024 | Current price |
|---|---|
| kr0.0313 ( 15.80%) | kr0.0270 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SAS-DKK.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0465 | 72.10 % | |
| R2 | 0.0407 | 50.59 % | ||
| R1 | 0.0371 | 37.31 % | ||
| Current price: | 0.0270 | |||
| Support | S1 | 0.0255 | -5.70 % | |
| S2 | 0.0219 | -18.99 % | ||
| S3 | 0.0161 | -40.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.0328 | 21.48 % | |
| R2 | 0.0310 | 14.81 % | ||
| R1 | 0.0280 | 3.70 % | ||
| Current price | 0.0270 | |||
| Support | S1 | 0.0260 | -3.70% | |
| S2 | 0.0220 | -18.52% | ||
| S3 | 0.0204 | -24.44% |
SAS-DKK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 11, 2017 | May 11, 2017 | May 11, 2017 | kr0.519 | 4.25% |
| 2 | Feb 13, 2017 | Feb 13, 2017 | Feb 13, 2017 | kr0.519 | 4.55% |
| 3 | Nov 10, 2016 | Nov 10, 2016 | Nov 10, 2016 | kr0.519 | 4.94% |
| 4 | Aug 11, 2016 | Aug 11, 2016 | Aug 11, 2016 | kr0.519 | 3.53% |
| 5 | May 11, 2016 | May 11, 2016 | May 11, 2016 | kr0.519 | 2.88% |
FAQ
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