Sparebank 1 Nordvest 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
Sparebank 1 Nordvest stock upgraded to Hold/Accumulate.
(Updated on Jun 28, 2024)
The Sparebank 1 Nordvest stock price gained 0.0164% on the last trading day (Friday, 28th Jun 2024), rising from kr122.00 to kr122.02. During the last trading day the stock fluctuated 0% from a day low at kr122.02 to a day high of kr122.02. The price has risen in 5 of the last 10 days and is up by 0.18% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 50 more shares were traded than the day before. In total, 50 shares were bought and sold for approximately kr6.10 thousand.
The stock lies in the middle of a weak 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 3.31% during the next 3 months and, with a 90% probability hold a price between kr123.95 and kr131.41 at the end of this 3-month period.
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SNOR.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 14, 2024, and so far it has risen 1.09%. Further rise is indicated until a new top pivot has been found. Sparebank 1 Nordvest has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Sparebank 1 Nordvest 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 kr122.55 and kr123.09. 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 Sparebank 1 Nordvest stock
Sparebank 1 Nordvest finds support from accumulated volume at kr122.00 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 kr0 between high and low, or 0%. For the last week the stock has had daily average volatility of 0.0656%.
Our recommended stop-loss: kr114.24 (-6.37%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 17 days ago.)
Trading Expectations (SNOR.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Sparebank 1 Nordvest to open at kr122.02, and during the day (based on 14 day Average True Range), to move between kr121.15 and kr122.89, which gives a possible trading interval of +/-kr0.87 (+/-0.72%) up or down from last closing price. If Sparebank 1 Nordvest takes out the full calculated possible swing range there will be an estimated 1.43% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr122.00 (0.02%) than the resistance at kr124.00 (1.62%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Sparebank 1 Nordvest stock A Buy?
Sparebank 1 Nordvest 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: 0.000 Hold/Accumulate Upgraded
Zero in score indicates that our system is expecting high volatility and risk for the following trading day. Given the latest developments, we cannot determine the next direction as it may go both ways.
Predicted Opening Price for Sparebank 1 Nordvest of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr122.02 ( 0%) | kr122.02 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SNOR.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 122.02 | - |
| R2 | 122.02 | - |
| R1 | 122.02 | - |
| Price | 122.02 | |
| S1 | 122.02 | - |
| S2 | 122.02 | - |
| S3 | 122.02 | - |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 125.00 | 2.44% |
| R2 | 124.50 | 2.03% |
| R1 | 124.00 | 1.62% |
| Price | 122.02 | |
| S1 | 122.00 | -0.0164% |
| S2 | 119.00 | -2.48% |
| S3 | 117.00 | -4.11% |
SNOR Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 04, 2024 | Apr 04, 2024 | Apr 11, 2024 | kr7.00 | 5.98% |
| 2 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | kr5.00 | 3.73% |
| 3 | Feb 13, 2020 | Apr 02, 2020 | Apr 08, 2020 | kr6.50 | 5.96% |
| 4 | Feb 12, 2019 | Apr 04, 2019 | Apr 11, 2019 | kr6.00 | 5.61% |
| 5 | Feb 14, 2018 | Feb 28, 2018 | Mar 07, 2018 | kr5.50 | 4.95% |
FAQ
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