Dampskibsselskabet Norden A/S Stock Forecast
Green day on Thursday for Dampskibsselskabet Norden A/S
(Updated on May 02, 2024)
The Dampskibsselskabet Norden A/S stock price gained 1.61% on the last trading day (Thursday, 2nd May 2024), rising from kr286.00 to kr290.60. During the last trading day the stock fluctuated 3.16% from a day low at kr284.40 to a day high of kr293.40. The price has fallen in 7 of the last 10 days but is still up by 1.61% over the past 2 weeks. Volume fell on the last day by -43 thousand shares and in total, 79 thousand shares were bought and sold for approximately kr22.89 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 middle of a very wide and 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 -13.87% during the next 3 months and, with a 90% probability hold a price between kr217.00 and kr275.55 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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DNORD.CO Signals & Forecast
The Dampskibsselskabet Norden A/S 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 kr291.74. On a fall, the stock will find some support from the long-term average at approximately kr286.54. 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. A buy signal was issued from a pivot bottom point on Wednesday, March 20, 2024, and so far it has risen 5.29%. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Dampskibsselskabet Norden A/S stock
Dampskibsselskabet Norden A/S finds support from accumulated volume at kr290.00 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved kr9.00 (3.16%) between high and low. For the last week, the stock has had daily average volatility of 5.16%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (DNORD.CO) For The Upcoming Trading Day Of Friday 3rd
For the upcoming trading day on Friday, 3rd we expect Dampskibsselskabet Norden A/S to open at kr289.47, and during the day (based on 14 day Average True Range), to move between kr280.26 and kr300.94, which gives a possible trading interval of +/-kr10.34 (+/-3.56%) up or down from last closing price. If Dampskibsselskabet Norden A/S takes out the full calculated possible swing range there will be an estimated 7.12% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr290.00 (0.21%) than the resistance at kr299.00 (2.89%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Dampskibsselskabet Norden A/S stock A Buy?
Dampskibsselskabet Norden A/S holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.
Current score: -1.266 Sell Candidate Unchanged
Predicted Opening Price for Dampskibsselskabet Norden A/S of Friday, May 3, 2024
| Fair opening price May 3, 2024 | Current price |
|---|---|
| kr289.47 ( 0.390%) | kr290.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for DNORD.CO
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 298.47 | 2.71 % | |
| R2 | 295.03 | 1.52 % | ||
| R1 | 292.90 | 0.793 % | ||
| Current price: | 290.60 | |||
| Support | S1 | 286.03 | -1.57 % | |
| S2 | 283.90 | -2.30 % | ||
| S3 | 280.47 | -3.49 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 328.80 | 13.15 % | |
| R2 | 310.80 | 6.95 % | ||
| R1 | 299.00 | 2.89 % | ||
| Current price | 290.60 | |||
| Support | S1 | 290.00 | -0.206% | |
| S2 | 288.40 | -0.757% | ||
| S3 | 277.80 | -4.40% |
DNORD Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | Apr 25, 2024 | Apr 30, 2024 | kr2.00 | 0.677% |
| 2 | Mar 13, 2024 | Mar 13, 2024 | Mar 13, 2024 | kr0 | 0% |
| 3 | Nov 03, 2023 | Nov 03, 2023 | Nov 03, 2023 | kr10.00 | 2.99% |
| 4 | Aug 11, 2023 | Aug 11, 2023 | Aug 11, 2023 | kr10.00 | 3.17% |
| 5 | May 04, 2023 | May 04, 2023 | May 04, 2023 | kr15.00 | 4.03% |
FAQ
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