Stolt-Nielsen Ltd 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
Evaluation of Stolt-Nielsen Ltd stock downgraded after the last trading session.
(Updated on Apr 30, 2024)
The Stolt-Nielsen Ltd stock price fell by -0.210% on the last day (Tuesday, 30th Apr 2024) from kr476.00 to kr475.00. During the last trading day the stock fluctuated 1.69% from a day low at kr473.00 to a day high of kr481.00. The price has been going up and down for this period, and there has been a -0.42% loss for the last 2 weeks. Volume has increased on the last day by 751 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 33 thousand shares were bought and sold for approximately kr15.85 million.
The stock 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 stock is expected to rise 20.11% during the next 3 months and, with a 90% probability hold a price between kr499.03 and kr597.28 at the end of this 3-month period.
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SNI.OL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Wednesday, April 17, 2024, and so far it has fallen -2.06%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely. The Stolt-Nielsen Ltd stock 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 kr473.21 and kr429.30. A breakdown below any of these levels will issue sell signals.
Support, Risk & Stop-loss for Stolt-Nielsen Ltd stock
Stolt-Nielsen Ltd finds support from accumulated volume at kr458.50 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 kr8.00 between high and low, or 1.69%. For the last week, the stock has had daily average volatility of 1.91%.
Our recommended stop-loss: kr460.59 (-3.03%) (This stock has medium daily movements and this gives medium risk. There is a sell signal from a pivot top found 9 days ago.)
Trading Expectations (SNI.OL) For The Upcoming Trading Day Of Thursday 2nd
For the upcoming trading day on Thursday, 2nd we expect Stolt-Nielsen Ltd to open at kr476.33, and during the day (based on 14 day Average True Range), to move between kr462.97 and kr487.03, which gives a possible trading interval of +/-kr12.03 (+/-2.53%) up or down from last closing price. If Stolt-Nielsen Ltd takes out the full calculated possible swing range there will be an estimated 5.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr477.00 (0.42%) than the support at kr458.50 (3.47%), 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 Stolt-Nielsen Ltd stock A Buy?
Stolt-Nielsen Ltd 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.468 Hold/Accumulate Downgraded
Predicted Opening Price for Stolt-Nielsen Ltd of Thursday, May 2, 2024
| Fair opening price May 2, 2024 | Current price |
|---|---|
| kr476.33 ( 0.281%) | kr475.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 484.33 | 1.96 % | |
| R2 | 481.28 | 1.32 % | ||
| R1 | 479.39 | 0.92 % | ||
| Current price: | 475.00 | |||
| Support | S1 | 473.28 | -0.363 % | |
| S2 | 471.39 | -0.760 % | ||
| S3 | 468.33 | -1.40 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 485.00 | 2.11 % | |
| R2 | 482.00 | 1.47 % | ||
| R1 | 477.00 | 0.421 % | ||
| Current price | 475.00 | |||
| Support | S1 | 458.50 | -3.47% | |
| S2 | 407.00 | -14.32% | ||
| S3 | 405.00 | -14.74% |
SNI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 24, 2024 | Apr 24, 2024 | May 09, 2024 | kr15.78 | 3.32% |
| 2 | Nov 22, 2023 | Nov 22, 2023 | Nov 22, 2023 | kr1.00 | 0.311% |
| 3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | kr1.25 | 0.396% |
| 4 | Nov 23, 2022 | Nov 23, 2022 | Nov 23, 2022 | kr1.00 | 0.406% |
| 5 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | kr0.500 | 0.294% |
FAQ
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