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
Trelleborg AB (publ) stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)
The Trelleborg AB (publ) stock price fell by -2.09% on the last day (Friday, 14th Jun 2024) from kr412.20 to kr403.60. During the last trading day the stock fluctuated 3.25% from a day low at kr400.60 to a day high of kr413.60. The price has been going up and down for this period, and there has been a -1.66% loss for the last 2 weeks. Volume has increased on the last day by 260 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, 840 thousand shares were bought and sold for approximately kr339.03 million.
The stock lies in the middle of a 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 9.90% during the next 3 months and, with a 90% probability hold a price between kr428.65 and kr472.03 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. On corrections up, there will be some resistance from the lines at kr416.23 and kr408.98. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, June 12, 2024, and so far it has fallen -5.74%. 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 kr13.00 between high and low, or 3.25%. For the last week the stock has had daily average volatility of 2.67%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (TREL-B.ST) For The Upcoming Trading Day Of Monday 17th
For the upcoming trading day on Monday, 17th we expect Trelleborg AB (publ) to open at kr405.93, and during the day (based on 14 day Average True Range), to move between kr395.21 and kr411.99, which gives a possible trading interval of +/-kr8.39 (+/-2.08%) up or down from last closing price. If Trelleborg AB (publ) takes out the full calculated possible swing range there will be an estimated 4.16% 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 (1.34%) than the support at kr388.20 (3.82%), 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?
The Trelleborg AB (publ) stock holds several negative signals and despite the positive trend, we believe Trelleborg AB (publ) will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -4.455 Sell Candidate Downgraded
Predicted Opening Price for Trelleborg AB (publ) of Monday, June 17, 2024
| Fair opening price June 17, 2024 | Current price |
|---|---|
| kr405.93 ( 0.578%) | kr403.60 |
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 | 418.93 | 3.80% |
| R2 | 413.97 | 2.57% |
| R1 | 410.90 | 1.81% |
| Price | 403.60 | |
| S1 | 400.97 | -0.652% |
| S2 | 397.90 | -1.41% |
| S3 | 392.93 | -2.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 419.20 | 3.87% |
| R2 | 410.40 | 1.68% |
| R1 | 409.00 | 1.34% |
| Price | 403.60 | |
| S1 | 388.20 | -3.82% |
| S2 | 378.80 | -6.14% |
| S3 | 377.80 | -6.39% |
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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