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RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of GFNORTEO.MX
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Grupo Financiero Banorte, S.A.B. de C.V. stock price ended at $175.09 on Thursday, after gaining 0.206%.
(Updated on Apr 25, 2024)

Sell candidate since Apr 23, 2024 Loss -1.63% PDF

The Grupo Financiero Banorte, S.A.B. de C.V. stock price gained 0.206% on the last trading day (Thursday, 25th Apr 2024), rising from $174.73 to $175.09. During the last trading day the stock fluctuated 2.75% from a day low at $171.37 to a day high of $176.09. The price has been going up and down for this period, and there has been a 0.16% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 80 thousand more shares were traded than the day before. In total, 3 million shares were bought and sold for approximately $532.97 million.

The stock lies in the middle of a 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 -3.81% during the next 3 months and, with a 90% probability hold a price between $160.36 and $176.40 at the end of this 3-month period.

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GFNORTEO.MX Signals & Forecast

The Grupo Financiero Banorte, S.A.B. de C.V. 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 $175.47. On a fall, the stock will find some support from the long-term average at approximately $175.08. 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. Volume is rising along with the price. This is considered to be a good technical signal. 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 Monday, April 22, 2024, and so far it has fallen -3.31%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).

Buy
Special Signal Notification

Double Bottom Formation

Double Bottom Formation A buy signal from a double bottom formation was found on Tuesday, April 16, 2024 and based on theory for this formation the price should go up by 6.59% to $186.63 within 21 trading days since signal was issued (Friday, April 26, 2024).

Support, Risk & Stop-loss for Grupo Financiero Banorte, S.A.B. de C.V. stock

Grupo Financiero Banorte, S.A.B. de C.V. finds support from accumulated volume at $175.06 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 $4.72 between high and low, or 2.75%. 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 (GFNORTEO.MX) For The Upcoming Trading Day Of Friday 26th

For the upcoming trading day on Friday, 26th we expect Grupo Financiero Banorte, S.A.B. de C.V. to open at $174.18, and during the day (based on 14 day Average True Range), to move between $170.12 and $180.06, which gives a possible trading interval of +/-$4.97 (+/-2.84%) up or down from last closing price. If Grupo Financiero Banorte, S.A.B. de C.V. takes out the full calculated possible swing range there will be an estimated 5.68% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $175.06 (0.02%) than the resistance at $176.40 (0.75%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Grupo Financiero Banorte, S.A.B. de C.V. stock A Buy?

Grupo Financiero Banorte, S.A.B. de C.V. 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: -1.874 Sell Candidate Unchanged

Predicted Opening Price for Grupo Financiero Banorte, S.A.B. de C.V. of Friday, April 26, 2024

Fair opening price April 26, 2024 Current price
$174.18 ( 0.518%) $175.09

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

Trading levels for GFNORTEO.MX

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 178.90 2.18 %
R2 177.10 1.15 %
R1 175.99 0.512 %
Current price: 175.09
Support S1 172.38 -1.55 %
S2 171.27 -2.18 %
S3 169.46 -3.21 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 185.20 5.77 %
R2 177.57 1.42 %
R1 176.40 0.748 %
Current price 175.09
Support S1 175.06 -0.0171%
S2 170.13 -2.83%
S3 170.00 -2.91%

GFNORTEO Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Oct 12, 2023 Oct 12, 2023 Oct 12, 2023 $0 0%
2 Jun 08, 2023 Jun 08, 2023 Jun 08, 2023 $7.87 5.64%
3 Dec 06, 2022 Dec 06, 2022 Dec 06, 2022 $5.81 3.94%
4 May 27, 2022 May 27, 2022 May 27, 2022 $6.08 4.64%
5 Nov 26, 2021 Nov 26, 2021 Nov 26, 2021 $2.65 2.11%

FAQ

What is the symbol for Grupo Financiero Banorte, S.A.B. de C.V. Stock and on which exchange is it traded?
The symbol for Grupo Financiero Banorte, S.A.B. de C.V. is GFNORTEO.MX and it is traded on the MEX (Mexican Stock Exchange).

Should I buy or sell Grupo Financiero Banorte, S.A.B. de C.V. Stock?
Grupo Financiero Banorte, S.A.B. de C.V. 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.

How to buy Grupo Financiero Banorte, S.A.B. de C.V. Stock?
Grupo Financiero Banorte, S.A.B. de C.V. Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Grupo Financiero Banorte, S.A.B. de C.V. Stock.

What's the current price of Grupo Financiero Banorte, S.A.B. de C.V. Stock?
As of the end of day on the Apr 25, 2024, the price of an Grupo Financiero Banorte, S.A.B. de C.V. (GFNORTEO.MX) share was $175.09.

What is the 52-week high and low for Grupo Financiero Banorte, S.A.B. de C.V. Stock?
The 52-week high for Grupo Financiero Banorte, S.A.B. de C.V. Stock is $190.12 and the 52-week low is $136.51.

What is the market capitalization of Grupo Financiero Banorte, S.A.B. de C.V. Stock?
As of the Apr 25, 2024, the market capitalization of Grupo Financiero Banorte, S.A.B. de C.V. is 504.865B.

When is the next earnings date for Grupo Financiero Banorte, S.A.B. de C.V.?
The upcoming earnings date for Grupo Financiero Banorte, S.A.B. de C.V. is Jul 23, 2024.
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About Grupo Financiero Banorte, S.A.B. de C.V.

Grupo Financiero Banorte S.A.B. de C.V. Grupo Financiero Banorte, S.A.B. de C.V., through its subsidiaries, provides banking and financial products and services in Mexico. The company offers payroll accounts and credit cards; car, mortgage, payroll, and personal credit banorte; and savings and investment products. It also provides insurance products, including life, home, auto, health, savings, credit card, mobile equipment, and mortgage credit insurance; foreign exchange services; and... GFNORTEO.MX Profile

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