Np3 Fastigheter Ab (publ) Stock Forecast

Np3 Fastigheter Ab (publ) stock downgraded to Sell Candidate
(Updated on Jun 25, 2024)

0R43.L Signals & Forecast

There are mixed signals in the stock today. The Np3 Fastigheter Ab (publ) 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 kr247.53. On a fall, the stock will find some support from the short-term average at kr241.50. 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. A sell signal was issued from a pivot top point on Thursday, May 16, 2024, and so far it has fallen -9.68%. Further fall is indicated until a new bottom pivot has been found. Np3 Fastigheter Ab (publ) gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD).

Support, Risk & Stop-loss for Np3 Fastigheter Ab (publ) stock

Np3 Fastigheter Ab (publ) finds support from accumulated volume at kr236.50 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr5.00 (2.06%) between high and low. For the last week, the stock has had daily average volatility of 1.97%.

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

Trading Expectations (0R43.L) For The Upcoming Trading Day Of Wednesday 26th

For the upcoming trading day on Wednesday, 26th we expect Np3 Fastigheter Ab (publ) to open at kr244.17, and during the day (based on 14 day Average True Range), to move between kr236.12 and kr248.88, which gives a possible trading interval of +/-kr6.38 (+/-2.63%) up or down from last closing price. If Np3 Fastigheter Ab (publ) takes out the full calculated possible swing range there will be an estimated 5.27% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at kr244.00 (0.62%) than the support at kr236.50 (2.47%), 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 Np3 Fastigheter Ab (publ) stock A Buy?

Np3 Fastigheter Ab (publ) 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.

Current score: -3.207 Sell Candidate Downgraded

Predicted Opening Price for Np3 Fastigheter Ab (publ) of Wednesday, June 26, 2024

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