Nxp Semiconductors N.v. Stock Forecast

Nxp Semiconductors N.v. stock upgraded to Sell Candidate.
(Updated on Jun 27, 2024)

0EDE.L Signals & Forecast

A buy signal was issued from a pivot bottom point on Thursday, June 20, 2024, and so far it has risen 0.578%. 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. The Nxp Semiconductors N.v. 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 268.03€ and 271.15€. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell on the last day without any changes to the price. This does not cause any direct divergence but may be an early warning and a possible "turning point". The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for Nxp Semiconductors N.v. stock

Nxp Semiconductors N.v. finds support from accumulated volume at 265.79€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.35%

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (0EDE.L) For The Upcoming Trading Day Of Friday 28th

For the upcoming trading day on Friday, 28th we expect Nxp Semiconductors N.v. to open at 267.33€, and during the day (based on 14 day Average True Range), to move between 261.88€ and 272.77€, which gives a possible trading interval of +/-5.44€ (+/-2.04%) up or down from last closing price. If Nxp Semiconductors N.v. takes out the full calculated possible swing range there will be an estimated 4.07% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 265.79€ (0.57%) than the resistance at 274.54€ (2.70%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nxp Semiconductors N.v. stock A Buy?

The Nxp Semiconductors N.v. stock holds several negative signals and despite the positive trend, we believe Nxp Semiconductors N.v. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -1.545 Sell Candidate Upgraded

Predicted Opening Price for Nxp Semiconductors N.v. of Friday, June 28, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.