Volue AS 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
Green day on Friday for Volue AS
(Updated on Jun 21, 2024)
The Volue AS stock price gained 0.169% on the last trading day (Friday, 21st Jun 2024), rising from kr29.50 to kr29.55. During the last trading day the stock fluctuated 2.21% from a day low at kr29.35 to a day high of kr30.00. The price has been going up and down for this period, and there has been a -1.99% loss for the last 2 weeks. Volume fell on the last day by -78 thousand shares and in total, 30 thousand shares were bought and sold for approximately kr873.26 thousand. 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 lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr28.37 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 12.77% during the next 3 months and, with a 90% probability hold a price between kr31.99 and kr41.25 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 kr30.19 and kr30.88. 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 -15.09%. 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 fell during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Volue AS stock
Volue AS finds support from accumulated volume at kr28.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr0.650 between high and low, or 2.21%. For the last week the stock has had daily average volatility of 2.72%.
Volue AS is oversold on RSI14 (24). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
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 24th
For the upcoming trading day on Monday, 24th we expect Volue AS to open at kr29.63, and during the day (based on 14 day Average True Range), to move between kr28.31 and kr30.79, which gives a possible trading interval of +/-kr1.24 (+/-4.19%) up or down from last closing price. If Volue AS takes out the full calculated possible swing range there will be an estimated 8.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr29.90 (1.18%) than the support at kr28.20 (4.57%), 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 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.
Current score: -2.297 Sell Candidate Unchanged
Predicted Opening Price for Volue AS of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| kr29.63 ( 0.282%) | kr29.55 |
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 | 30.28 | 2.48% |
| R2 | 30.04 | 1.64% |
| R1 | 29.88 | 1.12% |
| Price | 29.55 | |
| S1 | 29.39 | -0.558% |
| S2 | 29.23 | -1.08% |
| S3 | 28.98 | -1.92% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 32.10 | 8.63% |
| R2 | 30.00 | 1.52% |
| R1 | 29.90 | 1.18% |
| Price | 29.55 | |
| S1 | 28.20 | -4.57% |
| S2 | 27.90 | -5.58% |
| S3 | 27.85 | -5.75% |
FAQ
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