North American Energy Partners Inc Stock Forecast
Red day on Friday for North American Energy Partners Inc
(Updated on May 03, 2024)
The North American Energy Partners Inc stock price fell by -0.776% on the last day (Friday, 3rd May 2024) from $20.63 to $20.47. During the last trading day the stock fluctuated 3.11% from a day low at $20.45 to a day high of $21.08. The price has risen in 7 of the last 10 days but is still down by -0.34% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -79 thousand shares and in total, 49 thousand shares were bought and sold for approximately $1.01 million.
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 -13.69% during the next 3 months and, with a 90% probability hold a price between $15.87 and $20.06 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NOA Signals & Forecast
Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Some negative signals were issued as well, and these may have some influence on the near short-term development. The North American Energy Partners Inc 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 $21.33 and $21.97. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Wednesday, March 13, 2024, and so far it has fallen -19.35%. Further fall is indicated until a new bottom pivot has been found. Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for North American Energy Partners Inc stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
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 $0.635 between high and low, or 3.11%. For the last week the stock has had daily average volatility of 3.96%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NOA) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect North American Energy Partners Inc to open at $20.67, and during the day (based on 14 day Average True Range), to move between $19.80 and $21.14, which gives a possible trading interval of +/-$0.673 (+/-3.29%) up or down from last closing price. If North American Energy Partners Inc takes out the full calculated possible swing range there will be an estimated 6.57% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ $20.63, some $0.160 (0.78%) from the current price of $20.47, our system finds the risk reward not very attractive.
Is North American Energy Partners Inc stock A Buy?
North American Energy Partners Inc holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore hold a negative evaluation of this stock.
Current score: -3.714 Sell Candidate Unchanged
Predicted Opening Price for North American Energy Partners Inc of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $20.67 ( 0.95%) | $20.47 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NOA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 21.30 | 4.05 % | |
| R2 | 21.06 | 2.87 % | ||
| R1 | 20.91 | 2.14 % | ||
| Current price: | 20.47 | |||
| Support | S1 | 20.42 | -0.232 % | |
| S2 | 20.27 | -0.96 % | ||
| S3 | 20.03 | -2.15 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 23.13 | 12.99 % | |
| R2 | 20.91 | 2.15 % | ||
| R1 | 20.63 | 0.782 % | ||
| Current price | 20.47 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NOA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jul 05, 2024 | $0.0727 | 0.355% |
| 2 | Feb 22, 2024 | Mar 07, 2024 | Apr 05, 2024 | $0.0740 | 0.325% |
| 3 | Oct 31, 2023 | Nov 29, 2023 | Jan 05, 2024 | $0.0700 | 0.336% |
| 4 | Jul 26, 2023 | Aug 30, 2023 | Oct 06, 2023 | $0.0750 | 0.347% |
| 5 | Apr 25, 2023 | May 25, 2023 | Jul 07, 2023 | $0.0740 | 0.391% |
FAQ
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