Sparebanken Vest 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
Green day on Friday for Sparebanken Vest stock after gaining 0.723%
(Updated on May 31, 2024)
The Sparebanken Vest stock price gained 0.723% on the last trading day (Friday, 31st May 2024), rising from kr130.00 to kr130.94. During the last trading day the stock fluctuated 1.59% from a day low at kr129.38 to a day high of kr131.44. The price has risen in 6 of the last 10 days and is up by 1.47% over the past 2 weeks. Volume fell on the last day by -12 thousand shares and in total, 65 thousand shares were bought and sold for approximately kr8.47 million. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the middle of a 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 10.74% during the next 3 months and, with a 90% probability hold a price between kr137.31 and kr148.06 at the end of this 3-month period.
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SVEG.OL Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Monday, May 13, 2024, and so far it has fallen -0.168%. 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). The Sparebanken Vest 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 kr129.09 and kr124.85. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. The stock had a Golden Star Signal on Friday, June 09, 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 Friday, June 09, 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 Vest stock
Sparebanken Vest finds support from accumulated volume at kr129.00 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 kr2.06 between high and low, or 1.59%. For the last week the stock has had daily average volatility of 1.41%.
Our recommended stop-loss: kr126.70 (-3.24%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 26 days ago.)
Trading Expectations (SVEG.OL) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect Sparebanken Vest to open at kr130.59, and during the day (based on 14 day Average True Range), to move between kr128.37 and kr133.51, which gives a possible trading interval of +/-kr2.57 (+/-1.96%) up or down from last closing price. If Sparebanken Vest takes out the full calculated possible swing range there will be an estimated 3.93% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr131.16 (0.17%) than the support at kr129.00 (1.48%), 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 Vest 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 Vest stock to perform well in the short-term.
Current score: 3.323 Buy Candidate Unchanged
Predicted Opening Price for Sparebanken Vest of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| kr130.59 ( 0.270%) | kr130.94 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for SVEG.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 132.65 | 1.30 % | |
| R2 | 131.86 | 0.702 % | ||
| R1 | 131.37 | 0.331 % | ||
| Current price: | 130.94 | |||
| Support | S1 | 129.80 | -0.87 % | |
| S2 | 129.31 | -1.24 % | ||
| S3 | 128.53 | -1.84 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 131.16 | 0.168 % | ||
| Current price | 130.94 | |||
| Support | S1 | 129.00 | -1.48% | |
| S2 | 127.78 | -2.41% | ||
| S3 | 116.40 | -11.10% |
SVEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Apr 04, 2024 | kr7.50 | 6.24% |
| 2 | Mar 23, 2023 | Mar 23, 2023 | Mar 23, 2023 | kr5.50 | 6.24% |
| 3 | Mar 24, 2022 | Mar 24, 2022 | Mar 24, 2022 | kr4.50 | 4.41% |
| 4 | Oct 05, 2021 | Oct 05, 2021 | Oct 05, 2021 | kr1.80 | 1.90% |
| 5 | Mar 25, 2021 | Mar 25, 2021 | Mar 25, 2021 | kr2.20 | 2.78% |
FAQ
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