Tomra Systems ASA 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
Tomra Systems ASA stock price up 1.22% on Friday
(Updated on May 10, 2024)
The Tomra Systems ASA stock price gained 1.22% on the last trading day (Friday, 10th May 2024), rising from kr139.70 to kr141.40. During the last trading day the stock fluctuated 5.68% from a day low at kr139.10 to a day high of kr147.00. The price has fallen in 6 of the last 10 days and is down by -7.28% for this period. Volume fell on the last day by -92 thousand shares and in total, 267 thousand shares were bought and sold for approximately kr37.82 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 very wide 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 9.07% during the next 3 months and, with a 90% probability hold a price between kr121.70 and kr193.60 at the end of this 3-month period.
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TOM.OL Signals & Forecast
There are mixed signals in the stock today. The Tomra Systems ASA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr150.50. On a fall, the stock will find some support from the short-term average at kr138.91. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Tuesday, March 26, 2024, and so far it has fallen -17.07%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tomra Systems ASA stock
Tomra Systems ASA finds support from accumulated volume at kr138.80 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved kr7.90 between high and low, or 5.68%. For the last week, the stock has had daily average volatility of 4.62%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TOM.OL) For The Upcoming Trading Day Of Monday 13th
For the upcoming trading day on Monday, 13th we expect Tomra Systems ASA to open at kr142.50, and during the day (based on 14 day Average True Range), to move between kr135.06 and kr147.74, which gives a possible trading interval of +/-kr6.34 (+/-4.48%) up or down from last closing price. If Tomra Systems ASA takes out the full calculated possible swing range there will be an estimated 8.97% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr138.80 (1.84%) than the resistance at kr144.10 (1.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Tomra Systems ASA stock A Buy?
Tomra Systems ASA holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -3.575 Sell Candidate Unchanged
Predicted Opening Price for Tomra Systems ASA of Monday, May 13, 2024
| Fair opening price May 13, 2024 | Current price |
|---|---|
| kr142.50 ( 0.778%) | kr141.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TOM.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 150.40 | 6.36 % | |
| R2 | 147.38 | 4.23 % | ||
| R1 | 145.52 | 2.91 % | ||
| Current price: | 141.40 | |||
| Support | S1 | 139.48 | -1.36 % | |
| S2 | 137.62 | -2.67 % | ||
| S3 | 134.60 | -4.81 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 148.40 | 4.95 % | |
| R2 | 145.30 | 2.76 % | ||
| R1 | 144.10 | 1.91 % | ||
| Current price | 141.40 | |||
| Support | S1 | 138.80 | -1.84% | |
| S2 | 132.30 | -6.44% | ||
| S3 | 130.45 | -7.74% |
TOM Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 26, 2024 | Apr 26, 2024 | May 10, 2024 | kr1.95 | 1.39% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr1.80 | 1.10% |
| 3 | Apr 29, 2022 | Apr 29, 2022 | Apr 29, 2022 | kr1.35 | 0.724% |
| 4 | May 05, 2021 | May 05, 2021 | May 05, 2021 | kr1.50 | 0.754% |
| 5 | Oct 26, 2020 | Oct 26, 2020 | Oct 26, 2020 | kr1.38 | 0.720% |
FAQ
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