TEXAF S.A. 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
Evaluation of TEXAF S.A. stock downgraded after the last trading session.
(Updated on May 17, 2024)
No changes to the price of TEXAF S.A. stock on the last trading day (Friday, 17th May 2024). During the last trading day the stock fluctuated 0.538% from a day low at 37.20€ to a day high of 37.40€. The price has been going up and down for this period, and there has been a 1.08% gain for the last 2 weeks.
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 17.08% during the next 3 months and, with a 90% probability hold a price between 42.48€ and 46.39€ at the end of this 3-month period.
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TEXF.BB Signals & Forecast
The TEXAF S.A. 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 37.03€ and 36.22€. A breakdown below any of these levels will issue sell signals. Volume gained on the last day while the price remained unchanged. This is not a classical divergence, but the stock should be watched more closely at it may be a "turning point". 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. A sell signal was issued from a pivot top point on Thursday, April 25, 2024, and so far it has fallen -2.09%. 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).
Support, Risk & Stop-loss for TEXAF S.A. stock
TEXAF S.A. finds support from accumulated volume at 36.80€ 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 0.200€ between high and low, or 0.538%. For the last week the stock has had daily average volatility of 0.762%.
Our recommended stop-loss: 35.86€ (-4.11%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 15 days ago.)
Trading Expectations (TEXF.BB) For The Upcoming Trading Day Of Monday 20th
For the upcoming trading day on Monday, 20th we expect TEXAF S.A. to open at 37.33€, and during the day (based on 14 day Average True Range), to move between 36.94€ and 37.86€, which gives a possible trading interval of +/-0.463€ (+/-1.24%) up or down from last closing price. If TEXAF S.A. takes out the full calculated possible swing range there will be an estimated 2.48% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 36.80€ (1.60%) than the resistance at 38.20€ (2.14%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is TEXAF S.A. stock A Buy?
TEXAF S.A. 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Hold/Accumulate candidate.
Current score: 0.000 Hold/Accumulate Downgraded
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 TEXAF S.A. of Monday, May 20, 2024
Fair opening price May 20, 2024 | Current price |
---|---|
37.33€ ( 0.178%) | 37.40€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TEXF.BB
Fibonacci Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 37.53 | 0.357 % | |
R2 | 37.46 | 0.152 % | ||
R1 | 37.41 | 0.0260 % | ||
Current price: | 37.40 | |||
Support | S1 | 37.26 | -0.383 % | |
S2 | 37.21 | -0.509 % | ||
S3 | 37.13 | -0.713 % |
Accumulated Volume Support & Resistance Levels
Level | Price | |||
---|---|---|---|---|
Resistance | R3 | 0 | . | |
R2 | 0 | . | ||
R1 | 38.20 | 2.14 % | ||
Current price | 37.40 | |||
Support | S1 | 36.80 | -1.60% | |
S2 | 36.00 | -3.74% | ||
S3 | 34.00 | -9.09% |
TEXF Dividend Payout History
# | Ex-Date | Pay Date | Amount | Yield | |
---|---|---|---|---|---|
1 | May 28, 2024 | May 28, 2024 | May 30, 2024 | 1.14€ | 0% |
2 | May 24, 2023 | May 24, 2023 | May 24, 2023 | 1.57€ | 0% |
3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | 1.43€ | 0% |
4 | May 26, 2021 | May 26, 2021 | May 26, 2021 | 1.29€ | 0% |
5 | May 13, 2021 | May 13, 2021 | May 13, 2021 | 1.29€ | 0% |
FAQ
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