XXL 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
Green day on Monday for XXL ASA
(Updated on May 13, 2024)
The XXL ASA stock price gained 0.516% on the last trading day (Monday, 13th May 2024), rising from kr0.775 to kr0.779. During the last trading day the stock fluctuated 3.15% from a day low at kr0.762 to a day high of kr0.786. The price has been going up and down for this period, and there has been a -2.14% loss for the last 2 weeks. Volume fell on the last day by -118 thousand shares and in total, 583 thousand shares were bought and sold for approximately kr454.49 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 -2.40% during the next 3 months and, with a 90% probability hold a price between kr0.653 and kr0.91 at the end of this 3-month period.
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XXL.OL Signals & Forecast
There are mixed signals in the stock today. The XXL ASA stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at kr0.80. On a fall, the stock will find some support from the short-term average at kr0.769. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. 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. A buy signal was issued from a pivot bottom point on Friday, April 26, 2024, and so far it has risen 3.18%. Further rise is indicated until a new top pivot has been found.
Support, Risk & Stop-loss for XXL ASA stock
XXL ASA finds support from accumulated volume at kr0.778 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 kr0.0240 between high and low, or 3.15%. For the last week the stock has had daily average volatility of 3.61%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (XXL.OL) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect XXL ASA to open at kr0.776, and during the day (based on 14 day Average True Range), to move between kr0.738 and kr0.82, which gives a possible trading interval of +/-kr0.0413 (+/-5.30%) up or down from last closing price. If XXL ASA takes out the full calculated possible swing range there will be an estimated 10.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr0.778 (0.13%) than the resistance at kr0.81 (3.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is XXL ASA stock A Buy?
XXL 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: -2.088 Sell Candidate Unchanged
Predicted Opening Price for XXL ASA of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr0.776 ( 0.428%) | kr0.779 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for XXL.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.800 | 2.65 % | |
| R2 | 0.790 | 1.48 % | ||
| R1 | 0.785 | 0.749 % | ||
| Current price: | 0.779 | |||
| Support | S1 | 0.766 | -1.60 % | |
| S2 | 0.761 | -2.33 % | ||
| S3 | 0.752 | -3.51 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.94 | 20.67 % | |
| R2 | 0.91 | 16.17 % | ||
| R1 | 0.81 | 3.47 % | ||
| Current price | 0.779 | |||
| Support | S1 | 0.778 | -0.128% | |
| S2 | 0.760 | -2.44% | ||
| S3 | 0.755 | -3.08% |
XXL Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 03, 2022 | Jun 03, 2022 | Jun 03, 2022 | kr0.585 | 6.08% |
| 2 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | kr0.96 | 6.89% |
| 3 | Sep 17, 2021 | Sep 17, 2021 | Sep 17, 2021 | kr0.96 | 5.65% |
| 4 | Feb 14, 2018 | Jun 07, 2018 | Jul 03, 2018 | kr1.65 | 2.52% |
| 5 | Feb 15, 2017 | Jun 08, 2017 | Jul 04, 2017 | kr1.65 | 2.09% |
FAQ
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