VOW 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
VOW ASA stock price ended at kr6.89 on Friday, after gaining 4.24%.
(Updated on Jun 28, 2024)
The VOW ASA stock price gained 4.24% on the last trading day (Friday, 28th Jun 2024), rising from kr6.61 to kr6.89. It has now gained 4 days in a row. It will be exciting to see whether it manages to continue gaining or take a minor break for the next few days. During the last trading day the stock fluctuated 5.59% from a day low at kr6.62 to a day high of kr6.99. The price has risen in 5 of the last 10 days and is up by 7.15% over the past 2 weeks. Volume fell on the last day by -32 thousand shares and in total, 74 thousand shares were bought and sold for approximately kr511.09 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 middle of a very wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -3.15% during the next 3 months and, with a 90% probability hold a price between kr5.53 and kr7.47 at the end of this 3-month period.
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VOW.OL Signals & Forecast
The VOW 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 kr6.14 and kr6.45. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 20.03%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 VOW ASA stock
VOW ASA finds support from accumulated volume at kr6.78 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved kr0.370 between high and low, or 5.59%. For the last week the stock has had daily average volatility of 7.91%.
Our recommended stop-loss: kr6.65 (-3.46%) (This stock has high daily movements and this gives high risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (VOW.OL) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect VOW ASA to open at kr6.83, and during the day (based on 14 day Average True Range), to move between kr6.48 and kr7.30, which gives a possible trading interval of +/-kr0.411 (+/-5.97%) up or down from last closing price. If VOW ASA takes out the full calculated possible swing range there will be an estimated 11.94% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr6.96 (1.02%) than the support at kr6.78 (1.60%), 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 VOW ASA stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 2.450 Buy Candidate Unchanged
Predicted Opening Price for VOW ASA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr6.83 ( 0.82%) | kr6.89 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for VOW.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.20 | 4.55% |
| R2 | 7.06 | 2.50% |
| R1 | 6.97 | 1.23% |
| Price | 6.89 | |
| S1 | 6.69 | -2.87% |
| S2 | 6.60 | -4.14% |
| S3 | 6.46 | -6.19% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 7.06 | 2.47% |
| R2 | 6.98 | 1.31% |
| R1 | 6.96 | 1.02% |
| Price | 6.89 | |
| S1 | 6.78 | -1.60% |
| S2 | 6.38 | -7.40% |
| S3 | 6.25 | -9.29% |
VOW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 27, 2019 | May 24, 2019 | Jun 04, 2019 | kr0.100 | 0.84% |
FAQ
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