AstraZeneca PLC 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 Tuesday for AstraZeneca PLC
(Updated on Jun 04, 2024)
The AstraZeneca PLC stock price gained 0.378% on the last trading day (Tuesday, 4th Jun 2024), rising from 145.65€ to 146.20€. 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 0.93% from a day low at 145.65€ to a day high of 147.00€. The price has risen in 6 of the last 10 days and is up by 0.72% over the past 2 weeks. Volume fell on the last day by -8 thousand shares and in total, 5 thousand shares were bought and sold for approximately 757.02€ 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 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 24.89% during the next 3 months and, with a 90% probability hold a price between 178.00€ and 187.15€ at the end of this 3-month period.
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ZEG.DE Signals & Forecast
The AstraZeneca PLC stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 143.19€ and 140.10€. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, May 29, 2024, and so far it has risen 3.98%. 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 AstraZeneca PLC stock
On the downside, the stock finds support just below today's level from accumulated volume at 131.55€ and 126.00€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, AstraZeneca PLC finds support just below today's level at 131.55€. If this is broken, then the next support from accumulated volume will be at 126.00€ and 124.20€.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved 1.35€ between high and low, or 0.93%. For the last week the stock has had daily average volatility of 1.50%
Our recommended stop-loss: 139.94€ (-4.28%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 8 days ago.)
Trading Expectations (ZEG.DE) For The Upcoming Trading Day Of Wednesday 5th
For the upcoming trading day on Wednesday, 5th we expect AstraZeneca PLC to open at 146.28€, and during the day (based on 14 day Average True Range), to move between 144.12€ and 148.28€, which gives a possible trading interval of +/-2.08€ (+/-1.42%) up or down from last closing price. If AstraZeneca PLC takes out the full calculated possible swing range there will be an estimated 2.85% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ 131.55€, some 14.65€ (10.02%) from the current price of 146.20€, our system finds the risk reward attractive.
Is AstraZeneca PLC stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for AstraZeneca PLC stock to perform well in the short-term.
Current score: 4.972 Buy Candidate Unchanged
Predicted Opening Price for AstraZeneca PLC of Wednesday, June 5, 2024
| Fair opening price June 5, 2024 | Current price |
|---|---|
| 146.28€ ( 0.0570%) | 146.20€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for ZEG.DE
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 147.63 | 0.98% |
| R2 | 147.12 | 0.628% |
| R1 | 146.80 | 0.410% |
| Price | 146.20 | |
| S1 | 145.77 | -0.296% |
| S2 | 145.45 | -0.514% |
| S3 | 144.93 | -0.87% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 0 | - |
| R2 | 0 | - |
| R1 | 0 | - |
| Price | 146.20 | |
| S1 | 131.55 | -10.02% |
| S2 | 126.00 | -13.82% |
| S3 | 124.20 | -15.05% |
ZEG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Feb 22, 2024 | Feb 22, 2024 | Mar 25, 2024 | 1.83€ | 1.51% |
| 2 | Aug 10, 2023 | Aug 10, 2023 | Sep 11, 2023 | 0.718€ | 0.581% |
| 3 | Feb 23, 2023 | Feb 23, 2023 | Feb 23, 2023 | 1.63€ | 1.28% |
| 4 | Jul 29, 2022 | Aug 11, 2022 | Sep 12, 2022 | 0.764€ | 0.620% |
| 5 | Feb 24, 2022 | Feb 24, 2022 | Feb 24, 2022 | 1.45€ | 1.39% |
FAQ
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