Svenska Handelsbanken 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
Red day on Friday for Svenska Handelsbanken AB (publ)
(Updated on May 17, 2024)
The Svenska Handelsbanken AB (publ) stock price fell by -0.245% on the last day (Friday, 17th May 2024) from kr122.30 to kr122.00. During the last trading day the stock fluctuated 1.15% from a day low at kr121.50 to a day high of kr122.90. The price has been going up and down for this period, and there has been a 1.67% gain for the last 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 -55 thousand shares and in total, 64 thousand shares were bought and sold for approximately kr7.79 million.
The stock lies in the middle of a 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 -24.77% during the next 3 months and, with a 90% probability hold a price between kr83.62 and kr95.31 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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SHB-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, April 30, 2024, and so far it has risen 2.69%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Svenska Handelsbanken AB (publ) stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr128.27. On a fall, the stock will find some support from the short-term average at kr121.76. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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 Svenska Handelsbanken AB (publ) stock
Svenska Handelsbanken AB (publ) finds support from accumulated volume at kr120.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 kr1.40 between high and low, or 1.15%. For the last week, the stock has had daily average volatility of 1.37%.
Our recommended stop-loss: kr115.49 (-5.34%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (SHB-B.ST) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect Svenska Handelsbanken AB (publ) to open at kr122.13, and during the day (based on 14 day Average True Range), to move between kr119.17 and kr124.83, which gives a possible trading interval of +/-kr2.83 (+/-2.32%) up or down from last closing price. If Svenska Handelsbanken AB (publ) takes out the full calculated possible swing range there will be an estimated 4.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr123.20 (0.98%) than the support at kr120.20 (1.48%), 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 Svenska Handelsbanken AB (publ) stock A Buy?
Svenska Handelsbanken 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.
Current score: 0.093 Hold/Accumulate Unchanged
Predicted Opening Price for Svenska Handelsbanken AB (publ) of Monday, May 20, 2024
| Fair opening price May 20, 2024 | Current price |
|---|---|
| kr122.13 ( 0.109%) | kr122.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SHB-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 123.53 | 1.26 % | |
| R2 | 123.00 | 0.82 % | ||
| R1 | 122.67 | 0.548 % | ||
| Current price: | 122.00 | |||
| Support | S1 | 121.60 | -0.329 % | |
| S2 | 121.27 | -0.600 % | ||
| S3 | 120.73 | -1.04 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 139.60 | 14.43 % | |
| R2 | 135.00 | 10.66 % | ||
| R1 | 123.20 | 0.98 % | ||
| Current price | 122.00 | |||
| Support | S1 | 120.20 | -1.48% | |
| S2 | 119.50 | -2.05% | ||
| S3 | 118.80 | -2.62% |
SHB-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 21, 2024 | Mar 21, 2024 | Mar 27, 2024 | kr13.00 | 9.63% |
| 2 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | kr2.50 | 2.32% |
| 3 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | kr5.00 | 4.87% |
| 4 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | kr4.10 | 3.81% |
| 5 | Mar 26, 2020 | Mar 26, 2020 | Mar 26, 2020 | kr5.50 | 5.92% |
FAQ
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