NSE SA Stock Forecast

NSE SA stock upgraded to Sell Candidate.
(Updated on Jul 02, 2024)

ALNSE.PA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, July 01, 2024, and so far it has risen 0.498%. 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 NSE SA 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 20.76€ and 23.95€. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may not be. The very low volume increases the risk and reduces the other technical signals issued.

Support, Risk & Stop-loss for NSE SA stock

NSE SA finds support from accumulated volume at 20.10€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock may move much during the day (volatility) and with periodic low trading volume this stock is considered to be "high risk". During the last day, the stock moved 0.200€ between high and low, or 1.00%. For the last week the stock has had daily average volatility of 3.52%.

NSE SA is oversold on RSI14 (10). Some stocks may fall long and hard while being oversold on RSI, but stocks that are heavily oversold on RSI often pose good re-bounce chance and played well it can be a buy candidate.

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

Trading Expectations (ALNSE.PA) For The Upcoming Trading Day Of Wednesday 3rd

For the upcoming trading day on Wednesday, 3rd we expect NSE SA to open at 20.13€, and during the day (based on 14 day Average True Range), to move between 19.34€ and 21.06€, which gives a possible trading interval of +/-0.86€ (+/-4.28%) up or down from last closing price. If NSE SA takes out the full calculated possible swing range there will be an estimated 8.56% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 20.10€ (0.50%) than the resistance at 22.90€ (13.37%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is NSE SA stock A Buy?

NSE SA holds several negative signals and is within a 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. We have upgraded our analysis conclusion for this stock since the last evaluation from a Strong Sell to a Sell candidate.

Current score: -4.069 Sell Candidate Upgraded

Predicted Opening Price for NSE SA of Wednesday, July 3, 2024

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