Akzo Nobel N.V. Stock Forecast
Akzo Nobel N.V. stock price down 3.03% on Friday
(Updated on Jun 21, 2024)
The Akzo Nobel N.V. stock price fell by -3.03% on the last day (Friday, 21st Jun 2024) from 59.44€ to 57.64€. During the last trading day the stock fluctuated 5.09% from a day low at 56.58€ to a day high of 59.46€. The price has fallen in 6 of the last 10 days and is down by -7.18% for this period. Volume has increased on the last day by 929 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 1 million shares were bought and sold for approximately 70.38€ million.
The stock lies in the lower of a falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 57.10€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -11.26% during the next 3 months and, with a 90% probability hold a price between 50.67€ and 55.17€ 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.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
AKZA.AS Signals & Forecast
There are few to no technical positive signals at the moment. The Akzo Nobel 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 58.83€ and 62.80€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, May 14, 2024, and so far it has fallen -12.32%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for Akzo Nobel N.V. 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 2.88€ between high and low, or 5.09%. For the last week, the stock has had daily average volatility of 1.88%.
Akzo Nobel N.V. is oversold on RSI14 (17). Some stocks may drop long and hard while being oversold on RSI before turning, which increases the general risk.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (AKZA.AS) For The Upcoming Trading Day Of Monday 24th
For the upcoming trading day on Monday, 24th we expect Akzo Nobel N.V. to open at 57.89€, and during the day (based on 14 day Average True Range), to move between 56.50€ and 58.78€, which gives a possible trading interval of +/-1.14€ (+/-1.98%) up or down from last closing price. If Akzo Nobel N.V. takes out the full calculated possible swing range there will be an estimated 3.95% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 62.28€, some 4.64€ (8.05%) from the current price of 57.64€, our system finds the risk reward not very attractive.
Is Akzo Nobel N.V. stock A Buy?
Akzo Nobel N.V. holds several negative signals and is within a 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: -4.891 Sell Candidate Unchanged
Predicted Opening Price for Akzo Nobel N.V. of Monday, June 24, 2024
| Fair opening price June 24, 2024 | Current price |
|---|---|
| 57.89€ ( 0.440%) | 57.64€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for AKZA.AS
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 60.77 | 5.44% |
| R2 | 59.67 | 3.53% |
| R1 | 58.99 | 2.35% |
| Price | 57.64 | |
| S1 | 56.79 | -1.47% |
| S2 | 56.11 | -2.65% |
| S3 | 55.01 | -4.56% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.14 | 11.28% |
| R2 | 62.38 | 8.22% |
| R1 | 62.28 | 8.05% |
| Price | 57.64 | |
| S1 | 0 | - |
| S2 | 0 | - |
| S3 | 0 | - |
AKZA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 29, 2024 | Apr 29, 2024 | May 07, 2024 | 1.54€ | 2.40% |
| 2 | Oct 30, 2023 | Oct 30, 2023 | Nov 09, 2023 | 0.440€ | 0.662% |
| 3 | Apr 25, 2023 | Apr 25, 2023 | Apr 25, 2023 | 1.54€ | 2.06% |
| 4 | Oct 24, 2022 | Oct 24, 2022 | Oct 24, 2022 | 0.440€ | 0.721% |
| 5 | Apr 26, 2022 | Apr 26, 2022 | Apr 26, 2022 | 1.54€ | 1.92% |
FAQ
Click here for our free guide on how to buy Akzo Nobel N.V. Stock.
