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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:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

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

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of VOLUE.OL
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Volue AS stock downgraded from Hold/Accumulate to Sell Candidate after Friday trading session.
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The Volue AS stock price fell by -1.63% on the last day (Friday, 14th Jun 2024) from kr30.65 to kr30.15. During the last trading day the stock fluctuated 3.18% from a day low at kr29.85 to a day high of kr30.80. The price has fallen in 7 of the last 10 days and is down by -10.27% for this period. Volume has increased on the last day by 9 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, 51 thousand shares were bought and sold for approximately kr1.55 million.

The stock lies in the middle of a very 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 14.50% during the next 3 months and, with a 90% probability hold a price between kr32.38 and kr41.70 at the end of this 3-month period.

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VOLUE.OL Signals & Forecast

There are few to no technical positive signals at the moment. The Volue AS 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 kr30.36 and kr30.46. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -13.36%. 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 Volue AS stock

Volue AS finds support from accumulated volume at kr29.90 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 kr0.95 between high and low, or 3.18%. For the last week, the stock has had daily average volatility of 3.32%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (VOLUE.OL) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Volue AS to open at kr30.27, and during the day (based on 14 day Average True Range), to move between kr28.79 and kr31.51, which gives a possible trading interval of +/-kr1.36 (+/-4.52%) up or down from last closing price. If Volue AS takes out the full calculated possible swing range there will be an estimated 9.04% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at kr29.90 (0.83%) than the resistance at kr32.10 (6.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Volue AS stock A Buy?

The Volue AS stock holds several negative signals and despite the positive trend, we believe Volue AS 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: -2.926 Sell Candidate Downgraded

Predicted Opening Price for Volue AS of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
kr30.27 ( 0.387%) kr30.15

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for VOLUE.OL

Fibonacci Support & Resistance Levels

Level Price
R3 31.22 3.54%
R2 30.85 2.33%
R1 30.63 1.59%
Price 30.15
S1 29.90 -0.82%
S2 29.68 -1.56%
S3 29.32 -2.76%

Accumulated Volume Support & Resistance Levels

Level Price
R3 34.80 15.42%
R2 32.95 9.29%
R1 32.10 6.47%
Price 30.15
S1 29.90 -0.83%
S2 28.20 -6.47%
S3 27.90 -7.46%

FAQ

What is the symbol for Volue AS Stock and on which exchange is it traded?
The symbol for Volue AS is VOLUE.OL and it is traded on the OSE (Oslo Stock Exchange).

Should I buy or sell Volue AS Stock?
The Volue AS stock holds several negative signals and despite the positive trend, we believe Volue AS 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.

How to buy Volue AS Stock?
Volue AS Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Volue AS Stock.

What's the current price of Volue AS Stock?
As of the end of day on the Jun 14, 2024, the price of an Volue AS (VOLUE.OL) share was kr30.15.

What is the 52-week high and low for Volue AS Stock?
The 52-week high for Volue AS Stock is kr35.35 and the 52-week low is kr17.00.

What is the market capitalization of Volue AS Stock?
As of the Jun 14, 2024, the market capitalization of Volue AS is 4.338B.

When is the next earnings date for Volue AS?
The upcoming earnings date for Volue AS is Aug 15, 2024.
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About Volue AS

Volue AS Volue ASA provides software and technology solutions for the energy, power grid, and infrastructure markets worldwide. It operates in three segments: Energy, Power Grid, and Infrastructure. The Energy segment enables end-to-end optimization of the green energy value-chain by offering software solutions and consulting services related to forecasting and optimization of the energy markets. The Power Grid segment enables power distributors to suppor... VOLUE.OL Profile

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