Akzo Nobel N.V. Stock Forecast
Green day on Wednesday for Akzo Nobel N.V. stock after gaining 0.628%
(Updated on Jun 26, 2024)
The Akzo Nobel N.V. stock price gained 0.628% on the last trading day (Wednesday, 26th Jun 2024), rising from 57.36€ to 57.72€. During the last trading day the stock fluctuated 1.51% from a day low at 57.06€ to a day high of 57.92€. The price has been going up and down for this period, and there has been a -5.25% loss for the last 2 weeks. Volume fell on the last day by -156 thousand shares and in total, 401 thousand shares were bought and sold for approximately 23.17€ million. 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 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 57.22€ is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -12.24% during the next 3 months and, with a 90% probability hold a price between 50.22€ and 54.10€ 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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AKZA.AS Signals & Forecast
A buy signal was issued from a pivot bottom point on Tuesday, June 25, 2024, and so far it has risen 0.628%. Further rise is indicated until a new top pivot has been found. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. 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 58.28€ and 62.28€. 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).
Support, Risk & Stop-loss for Akzo Nobel N.V. stock
Akzo Nobel N.V. finds support from accumulated volume at 57.64€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
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 0.86€ between high and low, or 1.51%. For the last week, the stock has had daily average volatility of 3.14%.
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 Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Akzo Nobel N.V. to open at 57.57€, and during the day (based on 14 day Average True Range), to move between 56.46€ and 58.98€, which gives a possible trading interval of +/-1.26€ (+/-2.19%) 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 4.37% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 57.64€ (0.14%) than the resistance at 62.28€ (7.90%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
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: -3.102 Sell Candidate Unchanged
Predicted Opening Price for Akzo Nobel N.V. of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| 57.57€ ( 0.266%) | 57.72€ |
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 | 58.43 | 1.22% |
| R2 | 58.10 | 0.655% |
| R1 | 57.90 | 0.304% |
| Price | 57.72 | |
| S1 | 57.24 | -0.83% |
| S2 | 57.04 | -1.19% |
| S3 | 56.71 | -1.76% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 64.14 | 11.12% |
| R2 | 62.38 | 8.07% |
| R1 | 62.28 | 7.90% |
| Price | 57.72 | |
| S1 | 57.64 | -0.139% |
| S2 | 57.36 | -0.624% |
| 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
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