Smurfit Kappa Group Plc 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:
![Bollinger Bottleneck Buy Pattern 1](https://stockinvest.us/assets/img/legend/boll_tight.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Buy Pattern 2](https://stockinvest.us/assets/img/legend/boll_tight2.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
![Bollinger Bottleneck Sell Pattern](https://stockinvest.us/assets/img/legend/boll_tight3.gif?v=e286bd2437919596200b642acbe7c45175aa9cf4)
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
Smurfit Kappa Group Plc stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on Jun 28, 2024)
The Smurfit Kappa Group Plc stock price gained 0.422% on the last trading day (Friday, 28th Jun 2024), rising from $44.98 to $45.17. During the last trading day the stock fluctuated 2.75% from a day low at $44.34 to a day high of $45.56. The price has risen in 6 of the last 10 days but is still down by -1.48% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 61 thousand more shares were traded than the day before. In total, 92 thousand shares were bought and sold for approximately $4.15 million.
The stock lies in the lower part of a wide and weak rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at $44.71 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 5.36% during the next 3 months and, with a 90% probability hold a price between $47.11 and $53.47 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
SMFKY Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, June 26, 2024, and so far it has risen 1.21%. Further rise is indicated until a new top pivot has been found. Volume is rising along with the price. This is considered to be a good technical signal. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Smurfit Kappa Group Plc 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 $45.83 and $47.34. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Smurfit Kappa Group Plc stock
Smurfit Kappa Group Plc finds support from accumulated volume at $44.64 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 $1.22 between high and low, or 2.75%. For the last week, the stock has had daily average volatility of 3.21%.
Our recommended stop-loss: $42.38 (-6.17%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 18 days ago.)
Trading Expectations (SMFKY) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Smurfit Kappa Group Plc to open at $45.02, and during the day (based on 14 day Average True Range), to move between $44.01 and $46.33, which gives a possible trading interval of +/-$1.16 (+/-2.57%) up or down from last closing price. If Smurfit Kappa Group Plc takes out the full calculated possible swing range there will be an estimated 5.15% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at $44.64 (1.17%) than the resistance at $46.22 (2.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Earnings coming up
Smurfit Kappa Group Plc will release earnings BMO on Wednesday, July 03, 2024. We will update the financials statements for Smurfit Kappa Group Plc, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 2.08% in the first trading day after earnings release.
Is Smurfit Kappa Group Plc stock A Buy?
Smurfit Kappa Group Plc holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: 0.330 Hold/Accumulate Upgraded
Predicted Opening Price for Smurfit Kappa Group Plc of Monday, July 1, 2024
Fair opening price July 1, 2024 | Current price |
---|---|
$45.02 ( 0.325%) | $45.17 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SMFKY
Fibonacci Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.24 | 2.38% |
R2 | 45.78 | 1.34% |
R1 | 45.49 | 0.707% |
Price | 45.17 | |
S1 | 44.56 | -1.36% |
S2 | 44.27 | -1.99% |
S3 | 43.80 | -3.03% |
Accumulated Volume Support & Resistance Levels
Level | Price | |
---|---|---|
R3 | 46.75 | 3.50% |
R2 | 46.32 | 2.55% |
R1 | 46.22 | 2.32% |
Price | 45.17 | |
S1 | 44.64 | -1.17% |
S2 | 44.63 | -1.20% |
S3 | 43.60 | -3.48% |
SMFKY Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | Apr 11, 2024 | Apr 11, 2024 | May 28, 2024 | $0.91 | 1.86% |
2 | Sep 07, 2023 | Sep 28, 2023 | Nov 13, 2023 | $0.359 | 1.04% |
3 | Jul 12, 2023 | Apr 13, 2023 | May 30, 2023 | $1.15 | 3.16% |
4 | Sep 22, 2022 | Sep 29, 2022 | Nov 14, 2022 | $0.316 | 0.83% |
5 | Apr 01, 2022 | Apr 07, 2022 | May 23, 2022 | $1.09 | 2.82% |
FAQ
Click here for our free guide on how to buy Smurfit Kappa Group Plc Stock.