Noble Financials S.A. Stock Forecast
Noble Financials S.A. stock downgraded to Strong Sell Candidate
(Updated on May 15, 2024)
The Noble Financials S.A. stock price fell by -4.04% on the last day (Wednesday, 15th May 2024) from 104.00zł to 99.80zł. During the last trading day the stock fluctuated 6.70% from a day low at 97.00zł to a day high of 103.50zł. The price has fallen in 5 of the last 10 days and is down by -11.68% for this period. Volume has increased on the last day by 338 shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 358 shares were bought and sold for approximately 35.73zł thousand.
The stock lies in the lower part of a very wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at 85.90zł is broken, it will firstly indicate a slower rate of rising, but may also be an early warning for a trend shift. Given the current short-term trend, the stock is expected to rise 16.37% during the next 3 months and, with a 90% probability hold a price between 99.96zł and 180.85zł at the end of this 3-month period.
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IBS.WA Signals & Forecast
There are few to no technical positive signals at the moment. The Noble Financials S.A. 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 101.94zł and 102.50zł. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, March 05, 2024, and so far it has fallen -27.68%. 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). Noble Financials S.A. gained volume on the last day, but on falling prices. In technical terms, this is called divergence and may be an early warning. In some cases, increasing volume on falling prices may be considered positive, but that is mainly in typical "sell-offs". The very low volume increases the risk and reduces the other technical signals issued.
Support, Risk & Stop-loss for Noble Financials S.A. stock
Noble Financials S.A. finds support from accumulated volume at 95.60zł 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 6.50zł between high and low, or 6.70%. For the last week, the stock has had daily average volatility of 4.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (IBS.WA) For The Upcoming Trading Day Of Thursday 16th
For the upcoming trading day on Thursday, 16th we expect Noble Financials S.A. to open at 100.10zł, and during the day (based on 14 day Average True Range), to move between 93.78zł and 105.82zł, which gives a possible trading interval of +/-6.02zł (+/-6.04%) up or down from last closing price. If Noble Financials S.A. takes out the full calculated possible swing range there will be an estimated 12.07% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 104.00zł (4.21%) than the support at 95.60zł (4.21%), 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 Noble Financials S.A. stock A Buy?
The Noble Financials S.A. stock holds several negative signals and despite the positive trend, we believe Noble Financials S.A. will perform weakly in the next couple of days or weeks. Therefore, we hold a negative evaluation of this stock. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Sell candidate.
Current score: -5.233 Strong Sell Candidate Downgraded
Predicted Opening Price for Noble Financials S.A. of Thursday, May 16, 2024
| Fair opening price May 16, 2024 | Current price |
|---|---|
| 100.10zł ( 0.301%) | 99.80zł |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for IBS.WA
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 106.60 | 6.81 % | |
| R2 | 104.12 | 4.33 % | ||
| R1 | 102.58 | 2.79 % | ||
| Current price: | 99.80 | |||
| Support | S1 | 97.62 | -2.19 % | |
| S2 | 96.08 | -3.72 % | ||
| S3 | 93.60 | -6.21 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 108.50 | 8.72 % | |
| R2 | 106.00 | 6.21 % | ||
| R1 | 104.00 | 4.21 % | ||
| Current price | 99.80 | |||
| Support | S1 | 95.60 | -4.21% | |
| S2 | 86.80 | -13.03% | ||
| S3 | 82.20 | -17.64% |
FAQ
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