Svenska Cellulosa Aktiebolaget SCA ETF 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
Svenska Cellulosa Aktiebolaget SCA ETF upgraded to Strong Buy Candidate.
(Updated on May 10, 2024)
The Svenska Cellulosa Aktiebolaget SCA ETF price gained 1.04% on the last trading day (Friday, 10th May 2024), rising from kr163.60 to kr165.30. During the last trading day the ETF fluctuated 1.52% from a day low at kr164.25 to a day high of kr166.75. The price has risen in 7 of the last 10 days and is up by 6.37% 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, 207 thousand more shares were traded than the day before. In total, 885 thousand shares were bought and sold for approximately kr146.25 million.
The ETF 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 ETF is expected to rise 16.31% during the next 3 months and, with a 90% probability hold a price between kr183.83 and kr203.97 at the end of this 3-month period.
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SCA-B.ST Signals & Forecast
Mostly positive signals in the chart today. The Svenska Cellulosa Aktiebolaget SCA ETF 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 kr163.39 and kr159.09. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 8.82%. 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 is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Svenska Cellulosa Aktiebolaget SCA ETF
Svenska Cellulosa Aktiebolaget SCA finds support from accumulated volume at kr164.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This ETF has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the ETF moved kr2.50 between high and low, or 1.52%. For the last week, the ETF has had daily average volatility of 1.47%.
The Svenska Cellulosa Aktiebolaget SCA ETF is extremely overbought on RSI14 (88). This increases the short-term risk substantially.
Our recommended stop-loss: kr158.10 (-4.36%) (This ETF has medium daily movements and this gives medium risk. The RSI14 is 88 and this increases the risk substantially. There is a buy signal from a pivot bottom found 15 days ago.)
Trading Expectations (SCA-B.ST) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Svenska Cellulosa Aktiebolaget SCA (publ) to open at kr165.43, and during the day (based on 14 day Average True Range), to move between kr162.08 and kr168.52, which gives a possible trading interval of +/-kr3.22 (+/-1.95%) up or down from last closing price. If Svenska Cellulosa Aktiebolaget SCA (publ) takes out the full calculated possible swing range there will be an estimated 3.90% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr164.00, some kr1.30 (0.79%) from the current price of kr165.30, our system finds the risk reward attractive.
Is Svenska Cellulosa Aktiebolaget SCA (publ) ETF A Buy?
Svenska Cellulosa Aktiebolaget SCA holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this ETF since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.791 Strong Buy Candidate Upgraded
Predicted Opening Price for Svenska Cellulosa Aktiebolaget SCA (publ) of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr165.43 ( 0.0807%) | kr165.30 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCA-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 167.93 | 1.59 % | |
| R2 | 166.98 | 1.02 % | ||
| R1 | 166.39 | 0.658 % | ||
| Current price: | 165.30 | |||
| Support | S1 | 164.48 | -0.497 % | |
| S2 | 163.89 | -0.85 % | ||
| S3 | 162.93 | -1.43 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 165.30 | |||
| Support | S1 | 164.00 | -0.786% | |
| S2 | 159.05 | -3.78% | ||
| S3 | 158.90 | -3.87% |
SCA-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 25, 2024 | Mar 25, 2024 | Mar 25, 2024 | kr0 | 0% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Mar 31, 2023 | kr2.50 | 1.83% |
| 3 | Apr 01, 2022 | Apr 01, 2022 | Apr 01, 2022 | kr1.00 | 0.546% |
| 4 | Mar 21, 2019 | Mar 21, 2019 | Mar 21, 2019 | kr1.75 | 2.16% |
| 5 | Mar 26, 2018 | Mar 26, 2018 | Mar 26, 2018 | kr1.50 | 1.77% |
FAQ
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