nan Stock Forecast
Green day on Tuesday for nan stock after gaining 0.92%
(Updated on May 07, 2024)
The nan stock price gained 0.92% on the last trading day (Tuesday, 7th May 2024), rising from 30.92€ to 31.21€. During the last trading day the stock fluctuated 0.532% from a day low at 31.04€ to a day high of 31.21€. The price has fallen in 5 of the last 10 days but is still up by 5.71% over the past 2 weeks. Volume fell on the last day by -18 shares and in total, 362 shares were bought and sold for approximately 11.30€ thousand. 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 upper part of a weak rising trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break-up at the top trend line at 31.66€ will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 2.22% during the next 3 months and, with a 90% probability hold a price between 29.87€ and 32.36€ at the end of this 3-month period.
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GLW.DE Signals & Forecast
The nan stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at 30.75€ and 30.03€. A breakdown below any of these levels will issue sell signals. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). 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 Tuesday, April 30, 2024, and so far it has fallen -1.30%. Further fall is indicated until a new bottom pivot has been found. 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 nan stock
nan finds support from accumulated volume at 29.91€ 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 controlled movements and therefore the general risk is considered low. However, be aware of low or falling volume and make sure to keep an eye on the stock. During the last day, the stock moved 0.165€ between high and low, or 0.532%. For the last week the stock has had daily average volatility of 2.47%.
Our recommended stop-loss: 30.11€ (-3.51%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (GLW.DE) For The Upcoming Trading Day Of Wednesday 8th
For the upcoming trading day on Wednesday, 8th we expect nan to open at 31.15€, and during the day (based on 14 day Average True Range), to move between 30.76€ and 31.65€, which gives a possible trading interval of +/-0.442€ (+/-1.42%) up or down from last closing price. If nan takes out the full calculated possible swing range there will be an estimated 2.83% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 31.26€ (0.16%) than the support at 29.91€ (4.15%), 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 nan stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for nan stock to perform well in the short-term.
Current score: 3.253 Buy Candidate Unchanged
Predicted Opening Price for nan of Wednesday, May 8, 2024
| Fair opening price May 8, 2024 | Current price |
|---|---|
| 31.15€ ( 0.176%) | 31.21€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for GLW.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.32 | 0.353 % | |
| R2 | 31.25 | 0.151 % | ||
| R1 | 31.21 | 0.0257 % | ||
| Current price: | 31.21 | |||
| Support | S1 | 31.09 | -0.378 % | |
| S2 | 31.05 | -0.503 % | ||
| S3 | 30.99 | -0.705 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 31.62 | 1.31 % | |
| R2 | 31.29 | 0.272 % | ||
| R1 | 31.26 | 0.160 % | ||
| Current price | 31.21 | |||
| Support | S1 | 29.91 | -4.15% | |
| S2 | 29.83 | -4.41% | ||
| S3 | 29.74 | -4.69% |
GLW Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 31, 2024 | May 31, 2024 | Jun 27, 2024 | 0.261€ | 0.84% |
| 2 | Feb 28, 2024 | Feb 28, 2024 | Mar 28, 2024 | 0.260€ | 0.85% |
| 3 | Nov 16, 2023 | Nov 16, 2023 | Nov 16, 2023 | 0€ | 0% |
| 4 | May 30, 2023 | May 30, 2023 | May 30, 2023 | 0.280€ | 0.96% |
| 5 | Feb 27, 2023 | Feb 27, 2023 | Feb 27, 2023 | 0.280€ | 0.86% |
FAQ
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