Skellerup Holdings Limited 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
Skellerup Holdings Limited stock upgraded from Strong Sell Candidate to Sell Candidate after Friday trading session.
(Updated on May 31, 2024)
No changes to the price of Skellerup Holdings Limited stock on the last trading day (Friday, 31st May 2024). During the last trading day the stock fluctuated 5.37% from a day low at $3.35 to a day high of $3.53. The price has fallen in 5 of the last 10 days and is down by -10.63% for this period.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $3.52 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.96% during the next 3 months and, with a 90% probability hold a price between $3.10 and $3.77 at the end of this 3-month period.
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SKL.NZ Signals & Forecast
There are mixed signals in the stock today. The Skellerup Holdings Limited stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at $3.77 and $4.09. A break-up above any of these levels will issue buy signals. A buy signal was issued from a pivot bottom point on Thursday, May 30, 2024, and so far it has fallen 0%. 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 gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point".
Support, Risk & Stop-loss for Skellerup Holdings Limited stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.180 between high and low, or 5.37%. For the last week, the stock has had daily average volatility of 3.69%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SKL.NZ) For The Upcoming Trading Day Of Tuesday 4th
For the upcoming trading day on Tuesday, 4th we expect Skellerup Holdings Limited to open at $3.47, and during the day (based on 14 day Average True Range), to move between $3.42 and $3.64, which gives a possible trading interval of +/-$0.110 (+/-3.13%) up or down from last closing price. If Skellerup Holdings Limited takes out the full calculated possible swing range there will be an estimated 6.26% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $3.93, some $0.400 (11.33%) from the current price of $3.53, our system finds the risk reward not very attractive.
Is Skellerup Holdings Limited stock A Buy?
Skellerup Holdings Limited holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.
Current score: -3.609 Sell Candidate Upgraded
Predicted Opening Price for Skellerup Holdings Limited of Tuesday, June 4, 2024
| Fair opening price June 4, 2024 | Current price |
|---|---|
| $3.47 ( 1.70%) | $3.53 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SKL.NZ
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 3.65 | 3.40 % | |
| R2 | 3.58 | 1.45 % | ||
| R1 | 3.54 | 0.248 % | ||
| Current price: | 3.53 | |||
| Support | S1 | 3.40 | -3.65 % | |
| S2 | 3.36 | -4.85 % | ||
| S3 | 3.29 | -6.80 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 4.20 | 18.98 % | |
| R2 | 4.10 | 16.15 % | ||
| R1 | 3.93 | 11.33 % | ||
| Current price | 3.53 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
SKL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 29, 2024 | Feb 29, 2024 | Mar 14, 2024 | $0.0925 | 2.27% |
| 2 | Mar 02, 2023 | Mar 02, 2023 | Mar 02, 2023 | $0.0800 | 1.57% |
| 3 | Sep 29, 2022 | Sep 29, 2022 | Sep 29, 2022 | $0.130 | 2.43% |
| 4 | Mar 03, 2022 | Mar 03, 2022 | Mar 03, 2022 | $0.0750 | 1.28% |
| 5 | Sep 30, 2021 | Sep 30, 2021 | Sep 30, 2021 | $0.105 | 1.79% |
FAQ
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