Trelleborg 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
Weaker technical forecast for Trelleborg AB (publ) as stock downgraded to Hold/Accumulate.
(Updated on Jun 25, 2024)
The Trelleborg AB (publ) stock price fell by -4.37% on the last day (Tuesday, 25th Jun 2024) from kr421.00 to kr402.60. During the last trading day the stock fluctuated 4.48% from a day low at kr401.40 to a day high of kr419.40. The price has been going up and down for this period, and there has been a -3.96% loss for the last 2 weeks. Volume has increased on the last day by 538 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 968 thousand shares were bought and sold for approximately kr389.84 million.
The stock lies in the lower part of a strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr399.99 is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 12.02% during the next 3 months and, with a 90% probability hold a price between kr448.06 and kr486.74 at the end of this 3-month period.
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TREL-B.ST Signals & Forecast
There are few to no technical positive signals at the moment. The Trelleborg AB (publ) stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. Also, there is a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections up, there will be some resistance from the lines at kr410.51 and kr412.95. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, June 24, 2024, and so far it has fallen -4.37%. 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). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Trelleborg AB (publ) stock
Trelleborg AB (publ) finds support from accumulated volume at kr388.20 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 kr18.00 between high and low, or 4.48%. For the last week the stock has had daily average volatility of 2.17%.
Our recommended stop-loss: kr385.82 (-4.17%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 8 days ago.)
Trading Expectations (TREL-B.ST) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Trelleborg AB (publ) to open at kr407.80, and during the day (based on 14 day Average True Range), to move between kr393.97 and kr411.23, which gives a possible trading interval of +/-kr8.63 (+/-2.14%) up or down from last closing price. If Trelleborg AB (publ) takes out the full calculated possible swing range there will be an estimated 4.29% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr409.00 (1.59%) than the support at kr388.20 (3.58%), 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 Trelleborg AB (publ) stock A Buy?
Trelleborg AB (publ) holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation 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: -0.855 Hold/Accumulate Downgraded
Predicted Opening Price for Trelleborg AB (publ) of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| kr407.80 ( 1.29%) | kr402.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for TREL-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 425.80 | 5.76% |
| R2 | 418.92 | 4.05% |
| R1 | 414.68 | 3.00% |
| Price | 402.60 | |
| S1 | 400.92 | -0.416% |
| S2 | 396.68 | -1.47% |
| S3 | 389.80 | -3.18% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 419.20 | 4.12% |
| R2 | 414.60 | 2.98% |
| R1 | 409.00 | 1.59% |
| Price | 402.60 | |
| S1 | 388.20 | -3.58% |
| S2 | 378.80 | -5.91% |
| S3 | 377.80 | -6.16% |
TREL-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | May 02, 2024 | kr6.75 | 1.73% |
| 2 | Apr 28, 2023 | Apr 28, 2023 | Apr 28, 2023 | kr6.00 | 2.33% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | kr5.50 | 2.50% |
| 4 | Apr 23, 2021 | Apr 23, 2021 | Apr 23, 2021 | kr5.00 | 2.22% |
| 5 | Apr 24, 2020 | Apr 24, 2020 | Apr 24, 2020 | kr2.40 | 2.04% |
FAQ
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