TF Bank AB (publ) 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
TF Bank AB (publ) stock downgraded from Strong Buy Candidate to Buy Candidate after Thursday trading session.
(Updated on Jun 13, 2024)
The TF Bank AB (publ) stock price gained 0.444% on the last trading day (Thursday, 13th Jun 2024), rising from kr225.00 to kr226.00. During the last trading day the stock fluctuated 8.37% from a day low at kr215.00 to a day high of kr233.00. The price has risen in 6 of the last 10 days and is up by 2.26% over the past 2 weeks. Volume fell on the last day by -46 shares and in total, 7 thousand shares were bought and sold for approximately kr1.62 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 wide and 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 42.97% during the next 3 months and, with a 90% probability hold a price between kr310.95 and kr355.18 at the end of this 3-month period.
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TFBANK.ST Signals & Forecast
There are mixed signals in the stock today. A sell signal was issued from a pivot top point on Thursday, May 23, 2024, and so far it has fallen -2.16%. 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 TF Bank AB (publ) 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 kr218.29 and kr217.00. 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.
Support, Risk & Stop-loss for TF Bank AB (publ) stock
TF Bank AB (publ) finds support from accumulated volume at kr225.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr18.00 (8.37%) between high and low. For the last week, the stock has had daily average volatility of 5.17%.
Our recommended stop-loss: kr214.09 (-5.27%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 59 days ago.)
Trading Expectations (TFBANK.ST) For The Upcoming Trading Day Of Friday 14th
For the upcoming trading day on Friday, 14th we expect TF Bank AB (publ) to open at kr224.67, and during the day (based on 14 day Average True Range), to move between kr217.38 and kr234.62, which gives a possible trading interval of +/-kr8.62 (+/-3.81%) up or down from last closing price. If TF Bank AB (publ) takes out the full calculated possible swing range there will be an estimated 7.63% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr227.00 (0.44%) than the support at kr225.00 (0.44%), 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 TF Bank AB (publ) 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 TF Bank AB (publ) stock to perform well in the short-term. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Strong Buy to a Buy candidate.
Current score: 4.234 Buy Candidate Downgraded
Predicted Opening Price for TF Bank AB (publ) of Friday, June 14, 2024
| Fair opening price June 14, 2024 | Current price |
|---|---|
| kr224.67 ( 0.590%) | kr226.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TFBANK.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 242.67 | 7.37% |
| R2 | 235.79 | 4.33% |
| R1 | 231.54 | 2.45% |
| Price | 226.00 | |
| S1 | 217.79 | -3.63% |
| S2 | 213.54 | -5.51% |
| S3 | 206.67 | -8.55% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 231.00 | 2.21% |
| R2 | 229.00 | 1.33% |
| R1 | 227.00 | 0.442% |
| Price | 226.00 | |
| S1 | 225.00 | -0.442% |
| S2 | 209.00 | -7.52% |
| S3 | 199.00 | -11.95% |
TFBANK Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr1.00 | 0.631% |
| 2 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.00 | 0.631% |
| 3 | May 08, 2020 | May 08, 2020 | May 08, 2020 | kr0.500 | 0.676% |
| 4 | May 08, 2019 | May 08, 2019 | May 08, 2019 | kr2.30 | 2.29% |
| 5 | May 03, 2018 | May 03, 2018 | May 03, 2018 | kr2.25 | 2.99% |
FAQ
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