Solar A/S 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 Wednesday for Solar A/S stock after losing 0%
(Updated on Jul 03, 2024)
No changes to the price of Solar A/S stock on the last trading day (Wednesday, 3rd Jul 2024). During the last trading day the stock fluctuated 1.23% from a day low at kr324.50 to a day high of kr328.50. The price has fallen in 6 of the last 10 days and is down by -2.97% for this period.
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 kr324.12 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 6.50% during the next 3 months and, with a 90% probability hold a price between kr345.19 and kr391.10 at the end of this 3-month period.
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SOLAR-B.CO Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 28, 2024, and so far it has risen 1.24%. Further rise is indicated until a new top pivot has been found. The volume rose on the last day while price remained unchanged. This may be an early warning and the stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Solar A/S 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 kr328.50 and kr340.96. 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 Solar A/S stock
Solar A/S finds support from accumulated volume at kr324.00 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 kr4.00 between high and low, or 1.23%. For the last week, the stock has had daily average volatility of 1.82%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (SOLAR-B.CO) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Solar A/S to open at kr326.67, and during the day (based on 14 day Average True Range), to move between kr318.45 and kr335.55, which gives a possible trading interval of +/-kr8.55 (+/-2.62%) up or down from last closing price. If Solar A/S takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr324.00 (0.92%) than the resistance at kr333.00 (1.83%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Solar A/S stock A Buy?
The Solar A/S stock holds several negative signals and despite the positive trend, we believe Solar A/S will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock.
Current score: -1.691 Sell Candidate Unchanged
Predicted Opening Price for Solar A/S of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| kr326.67 ( 0.102%) | kr327.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SOLAR-B.CO
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 330.67 | 1.12% |
| R2 | 329.14 | 0.654% |
| R1 | 328.19 | 0.365% |
| Price | 327.00 | |
| S1 | 325.14 | -0.569% |
| S2 | 324.19 | -0.86% |
| S3 | 322.67 | -1.33% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 355.50 | 8.72% |
| R2 | 353.50 | 8.10% |
| R1 | 333.00 | 1.83% |
| Price | 327.00 | |
| S1 | 324.00 | -0.92% |
| S2 | 322.50 | -1.38% |
| S3 | 314.00 | -3.98% |
SOLAR-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 18, 2024 | Mar 18, 2024 | Mar 20, 2024 | kr30.00 | 9.26% |
| 2 | Mar 20, 2023 | Mar 20, 2023 | Mar 20, 2023 | kr45.00 | 7.94% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | kr45.00 | 6.64% |
| 4 | Mar 21, 2022 | Mar 21, 2022 | Mar 21, 2022 | kr45.00 | 6.02% |
| 5 | May 11, 2021 | May 11, 2021 | May 11, 2021 | kr15.00 | 2.59% |
FAQ
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