Scandi Standard 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
Scandi Standard AB (publ) stock upgraded to Buy Candidate.
(Updated on May 24, 2024)
The Scandi Standard AB (publ) stock price gained 0.538% on the last trading day (Friday, 24th May 2024), rising from kr74.40 to kr74.80. During the last trading day the stock fluctuated 1.76% from a day low at kr73.80 to a day high of kr75.10. The price has fallen in 7 of the last 10 days and is down by -1.58% for this period. Volume fell on the last day by -311 shares and in total, 46 thousand shares were bought and sold for approximately kr3.47 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.
The stock lies in the middle of a 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 13.86% during the next 3 months and, with a 90% probability hold a price between kr82.58 and kr90.26 at the end of this 3-month period.
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SCST.ST Signals & Forecast
A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -2.48%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Some positive signals were issued as well, and these may have some influence on the near short-term development. The Scandi Standard AB (publ) stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr75.01. On a fall, the stock will find some support from the long-term average at approximately kr74.26. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 Scandi Standard AB (publ) stock
Scandi Standard AB (publ) finds support from accumulated volume at kr74.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr1.30 between high and low, or 1.76%. For the last week the stock has had daily average volatility of 1.83%.
Our recommended stop-loss: kr70.97 (-5.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 53 days ago.)
Trading Expectations (SCST.ST) For The Upcoming Trading Day Of Monday 27th
For the upcoming trading day on Monday, 27th we expect Scandi Standard AB (publ) to open at kr74.57, and during the day (based on 14 day Average True Range), to move between kr72.95 and kr76.65, which gives a possible trading interval of +/-kr1.85 (+/-2.47%) up or down from last closing price. If Scandi Standard AB (publ) takes out the full calculated possible swing range there will be an estimated 4.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr74.30 (0.67%) than the resistance at kr75.50 (0.94%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Scandi Standard AB (publ) stock A Buy?
Several of the signals/indicators are negative, and we believe that this will affect on the development for the next days and maybe possible weeks. However, over time, we think that today's level holds a possible buying opportunity and that the price will be higher during or at the end of this 3-month period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Buy candidate.
Current score: 3.144 Buy Candidate Upgraded
Predicted Opening Price for Scandi Standard AB (publ) of Monday, May 27, 2024
| Fair opening price May 27, 2024 | Current price |
|---|---|
| kr74.57 ( 0.312%) | kr74.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SCST.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.87 | 1.43 % | |
| R2 | 75.37 | 0.762 % | ||
| R1 | 75.06 | 0.352 % | ||
| Current price: | 74.80 | |||
| Support | S1 | 74.07 | -0.98 % | |
| S2 | 73.76 | -1.39 % | ||
| S3 | 73.27 | -2.05 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 75.90 | 1.47 % | |
| R2 | 75.60 | 1.07 % | ||
| R1 | 75.50 | 0.94 % | ||
| Current price | 74.80 | |||
| Support | S1 | 74.30 | -0.668% | |
| S2 | 72.60 | -2.94% | ||
| S3 | 72.10 | -3.61% |
SCST Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Sep 19, 2024 | Sep 19, 2024 | Sep 25, 2024 | kr1.15 | 1.53% |
| 2 | May 06, 2024 | May 06, 2024 | May 13, 2024 | kr2.30 | 3.10% |
| 3 | May 05, 2023 | May 05, 2023 | May 05, 2023 | kr1.15 | 2.16% |
| 4 | May 10, 2021 | May 10, 2021 | May 10, 2021 | kr1.25 | 1.90% |
| 5 | May 10, 2019 | May 10, 2019 | May 10, 2019 | kr2.00 | 3.03% |
FAQ
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