Sparebanken Øst 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
Sparebanken Øst stock price ended at kr54.50 on Tuesday, after losing 0.183%.
(Updated on Jun 25, 2024)
The Sparebanken Øst stock price fell by -0.183% on the last day (Tuesday, 25th Jun 2024) from kr54.60 to kr54.50. During the last trading day the stock fluctuated 1.56% from a day low at kr54.00 to a day high of kr54.84. The price has fallen in 7 of the last 10 days and is down by -1.27% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -4 thousand shares and in total, 2 thousand shares were bought and sold for approximately kr110.64 thousand.
The stock lies in the middle of a narrow and 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 6.35% during the next 3 months and, with a 90% probability hold a price between kr57.29 and kr60.09 at the end of this 3-month period.
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SPOG.OL Signals & Forecast
The Sparebanken Øst 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 kr54.23 and kr53.98. A breakdown below any of these levels will issue sell signals. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, June 05, 2024, and so far it has fallen -2.19%. 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 fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk. The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.
Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Golden Star 12 Months
The stock had a Golden Star Signal on Wednesday, December 13, 2023 in the long-term chart.Golden Star Signal is when the short-term moving average, the long-term moving average, and price line meet in a special combination. This combination is very rare and often followed by long and strong gains for the stock in question.
Support, Risk & Stop-loss for Sparebanken Øst stock
Sparebanken Øst finds support from accumulated volume at kr53.50 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 therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr0.84 between high and low, or 1.56%. For the last week the stock has had daily average volatility of 1.87%
Our recommended stop-loss: kr51.65 (-5.23%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 45 days ago.)
Trading Expectations (SPOG.OL) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Sparebanken Øst to open at kr54.45, and during the day (based on 14 day Average True Range), to move between kr53.36 and kr55.64, which gives a possible trading interval of +/-kr1.14 (+/-2.09%) up or down from last closing price. If Sparebanken Øst takes out the full calculated possible swing range there will be an estimated 4.19% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr55.00 (0.92%) than the support at kr53.50 (1.83%), 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 Sparebanken Øst stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Sparebanken Øst stock to perform well in the short-term.
Current score: 1.633 Buy Candidate Unchanged
Predicted Opening Price for Sparebanken Øst of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr54.45 ( 0.0979%) | kr54.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SPOG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.29 | 1.44% |
| R2 | 54.97 | 0.85% |
| R1 | 54.77 | 0.491% |
| Price | 54.50 | |
| S1 | 54.13 | -0.687% |
| S2 | 53.93 | -1.05% |
| S3 | 53.61 | -1.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 55.72 | 2.24% |
| R2 | 55.50 | 1.83% |
| R1 | 55.00 | 0.92% |
| Price | 54.50 | |
| S1 | 53.50 | -1.83% |
| S2 | 52.75 | -3.21% |
| S3 | 52.00 | -4.59% |
SPOG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 05, 2024 | kr5.40 | 10.19% |
| 2 | Mar 25, 2022 | Mar 25, 2022 | Mar 25, 2022 | kr3.85 | 6.66% |
| 3 | Nov 09, 2021 | Nov 09, 2021 | Nov 09, 2021 | kr1.00 | 1.79% |
| 4 | Mar 26, 2021 | Mar 26, 2021 | Mar 26, 2021 | kr3.50 | 6.78% |
| 5 | Nov 10, 2020 | Nov 10, 2020 | Nov 10, 2020 | kr3.60 | 7.50% |
FAQ
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