Tessenderlo Group N.V. 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 Monday for Tessenderlo Group N.V. stock after gaining 0.760%
(Updated on Jul 13, 2020)
The Tessenderlo Group N.V. stock price gained 0.760% on the last trading day (Monday, 13th Jul 2020), rising from 26.30€ to 26.50€. During the last trading day the stock fluctuated 1.33% from a day low at 26.35€ to a day high of 26.70€. The price has fallen in 5 of the last 10 days but is still up by 0.57% over the past 2 weeks. Volume fell on the last day by -2 thousand shares and in total, 11 thousand shares were bought and sold for approximately 283.23€ thousand. 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 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 6.46% during the next 3 months and, with a 90% probability hold a price between 27.67€ and 29.10€ at the end of this 3-month period.
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TESB.BB Signals & Forecast
The Tessenderlo Group N.V. 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 26.09€ and 25.15€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, July 07, 2020, and so far it has fallen -0.376%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Tessenderlo Group N.V. stock
Tessenderlo Group N.V. finds support from accumulated volume at 25.50€ 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 0.350€ between high and low, or 1.33%. For the last week the stock has had daily average volatility of 1.52%
Our recommended stop-loss: 25.36€ (-4.31%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (TESB.BB) For The Upcoming Trading Day Of Tuesday 14th
Since the stock is closer to the resistance from accumulated volume at 26.60€ (0.38%) than the support at 25.50€ (3.77%), 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 Tessenderlo Group N.V. stock A Buy?
Tessenderlo Group N.V. 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.
Current score: 0.000 Hold/Accumulate Unchanged
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 Tessenderlo Group N.V. of Tuesday, July 14, 2020
| Fair opening price July 14, 2020 | Current price |
|---|---|
| 26.52€ ( 0.0629%) | 26.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TESB.BB
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 26.87 | 1.38 % | |
| R2 | 26.73 | 0.88 % | ||
| R1 | 26.65 | 0.567 % | ||
| Current price: | 26.50 | |||
| Support | S1 | 26.38 | -0.442 % | |
| S2 | 26.30 | -0.753 % | ||
| S3 | 26.17 | -1.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 26.60 | 0.377 % | ||
| Current price | 26.50 | |||
| Support | S1 | 25.50 | -3.77% | |
| S2 | 25.30 | -4.53% | ||
| S3 | 24.70 | -6.79% |
FAQ
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