P/F BankNordik Stock Forecast
P/F BankNordik stock price up 0.673% on Monday
(Updated on May 13, 2024)
The P/F BankNordik stock price gained 0.673% on the last trading day (Monday, 13th May 2024), rising from kr148.50 to kr149.50. During the last trading day the stock fluctuated 1.68% from a day low at kr148.50 to a day high of kr151.00. The price has fallen in 6 of the last 10 days and is down by -4.78% for this period. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 2 thousand more shares were traded than the day before. In total, 7 thousand shares were bought and sold for approximately kr980.72 thousand.
The stock lies in the middle of a falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -15.63% during the next 3 months and, with a 90% probability hold a price between kr122.74 and kr134.55 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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BNORDIK-CSE.CO Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, May 06, 2024, and so far it has risen 1.70%. Further rise is indicated until a new top pivot has been found. P/F BankNordik 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. Higher liquidity also reduces the general risk. Some negative signals were issued as well, and these may have some influence on the near short-term development. The P/F BankNordik 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 kr150.93 and kr155.90. 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 P/F BankNordik stock
P/F BankNordik finds support from accumulated volume at kr149.00 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 kr2.50 between high and low, or 1.68%. For the last week, the stock has had daily average volatility of 2.77%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (BNORDIK-CSE.CO) For The Upcoming Trading Day Of Tuesday 14th
For the upcoming trading day on Tuesday, 14th we expect P/F BankNordik to open at kr149.67, and during the day (based on 14 day Average True Range), to move between kr146.25 and kr152.75, which gives a possible trading interval of +/-kr3.25 (+/-2.17%) up or down from last closing price. If P/F BankNordik takes out the full calculated possible swing range there will be an estimated 4.35% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr149.00 (0.33%) than the resistance at kr154.00 (3.01%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is P/F BankNordik stock A Buy?
P/F BankNordik 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: -2.405 Sell Candidate Unchanged
Predicted Opening Price for P/F BankNordik of Tuesday, May 14, 2024
| Fair opening price May 14, 2024 | Current price |
|---|---|
| kr149.67 ( 0.111%) | kr149.50 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for BNORDIK-CSE.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 152.17 | 1.78 % | |
| R2 | 151.21 | 1.14 % | ||
| R1 | 150.62 | 0.750 % | ||
| Current price: | 149.50 | |||
| Support | S1 | 148.71 | -0.527 % | |
| S2 | 148.12 | -0.92 % | ||
| S3 | 147.17 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 170.00 | 13.71 % | |
| R2 | 161.00 | 7.69 % | ||
| R1 | 154.00 | 3.01 % | ||
| Current price | 149.50 | |||
| Support | S1 | 149.00 | -0.334% | |
| S2 | 148.50 | -0.669% | ||
| S3 | 147.00 | -1.67% |
BNORDIK-CSE Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2024 | Mar 22, 2024 | Mar 26, 2024 | kr8.33 | 5.43% |
| 2 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | kr26.04 | 17.08% |
| 3 | Mar 28, 2022 | Mar 28, 2022 | Mar 28, 2022 | kr26.04 | 18.47% |
| 4 | Oct 25, 2021 | Oct 25, 2021 | Oct 25, 2021 | kr46.80 | 32.61% |
| 5 | Mar 29, 2021 | Mar 29, 2021 | Mar 29, 2021 | kr5.00 | 3.06% |
FAQ
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