Veidekke 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
Veidekke ASA stock price down 0% on Wednesday
(Updated on Jun 26, 2024)
No changes to the price of Veidekke ASA stock on the last trading day (Wednesday, 26th Jun 2024). During the last trading day the stock fluctuated 0.88% from a day low at kr114.20 to a day high of kr115.20. The price has risen in 6 of the last 10 days and is up by 2.32% over the past 2 weeks.
The stock is moving within a horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Veidekke ASA stock with a 90% probability to be traded between kr110.81 and kr117.81 at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
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VEI.OL Signals & Forecast
The Veidekke ASA stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at kr114.51 and kr114.69. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Monday, June 24, 2024, and so far it has fallen -1.03%. Further fall is indicated until a new bottom pivot has been found. Volume fell during the last trading day while price remained unchanged. This may be an early warning, but it may also not. We still recommend that you pay attention over the next couple of days.
A sell signal from a double top formation was found on Monday, May 13, 2024 and based on theory for this formation the price should fall by -4.12% to kr110.07 within 3 trading days since signal was issued (Thursday, May 16, 2024).
Support, Risk & Stop-loss for Veidekke ASA stock
Veidekke ASA finds support from accumulated volume at kr114.60 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 kr1.00 between high and low, or 0.88%. For the last week the stock has had daily average volatility of 1.12%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (VEI.OL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Veidekke ASA to open at kr114.73, and during the day (based on 14 day Average True Range), to move between kr112.96 and kr116.64, which gives a possible trading interval of +/-kr1.84 (+/-1.60%) up or down from last closing price. If Veidekke ASA takes out the full calculated possible swing range there will be an estimated 3.20% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr115.00 (0.17%) than the support at kr114.60 (0.17%), 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 Veidekke ASA stock A Buy?
Veidekke 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: -1.590 Sell Candidate Unchanged
Predicted Opening Price for Veidekke ASA of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr114.73 ( 0.0581%) | kr114.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VEI.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 115.73 | 0.81% |
| R2 | 115.35 | 0.480% |
| R1 | 115.12 | 0.275% |
| Price | 114.80 | |
| S1 | 114.35 | -0.391% |
| S2 | 114.12 | -0.596% |
| S3 | 113.73 | -0.93% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 116.00 | 1.05% |
| R2 | 115.20 | 0.348% |
| R1 | 115.00 | 0.174% |
| Price | 114.80 | |
| S1 | 114.60 | -0.174% |
| S2 | 113.80 | -0.87% |
| S3 | 111.80 | -2.61% |
VEI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 08, 2024 | May 08, 2024 | May 22, 2024 | kr7.90 | 6.81% |
| 2 | May 11, 2023 | May 11, 2023 | May 11, 2023 | kr7.75 | 7.34% |
| 3 | May 12, 2022 | May 12, 2022 | May 12, 2022 | kr7.00 | 6.73% |
| 4 | May 06, 2021 | May 06, 2021 | May 06, 2021 | kr5.75 | 4.78% |
| 5 | Dec 04, 2020 | Dec 04, 2020 | Dec 04, 2020 | kr22.50 | 19.91% |
FAQ
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