NSE SA Stock Forecast

NSE SA stock upgraded from Sell Candidate to Hold/Accumulate after Friday trading session.
(Updated on May 31, 2024)

ALNSE.PA Signals & Forecast

The NSE SA stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately 25.53€. On a fall, the stock will find some support from the long-term average at approximately 24.86€. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). NSE SA has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. The very low volume increases the risk and reduces the other technical signals issued. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Wednesday, May 29, 2024, and so far it has fallen -1.17%. Further fall is indicated until a new bottom pivot has been found.

Support, Risk & Stop-loss for NSE SA stock

NSE SA finds support from accumulated volume at 24.90€ 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved 0.600€ between high and low, or 2.42%. For the last week the stock has had daily average volatility of 1.93%.

Our recommended stop-loss: 24.37€ (-4.06%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 3 days ago.)

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

For the upcoming trading day on Monday, 3rd we expect NSE SA to open at 25.20€, and during the day (based on 14 day Average True Range), to move between 24.78€ and 26.02€, which gives a possible trading interval of +/-0.617€ (+/-2.43%) up or down from last closing price. If NSE SA takes out the full calculated possible swing range there will be an estimated 4.86% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 25.50€ (0.39%) than the support at 24.90€ (1.97%), 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 NSE SA stock A Buy?

NSE SA holds several positive signals, but we still don't find these to be enough for a buy candidate. At the current level, it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.

Current score: -0.792 Hold/Accumulate Upgraded

Predicted Opening Price for NSE SA of Monday, June 3, 2024

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