Noble Financials S.A. Stock Forecast

Big movements in Noble Financials S.A. stock price on Monday moving 11.11% between high and low
(Updated on Jun 10, 2024)

IBS.WA Signals & Forecast

A buy signal was issued from a pivot bottom point on Monday, May 27, 2024, and so far it has risen 0.82%. Further rise is indicated until a new top pivot has been found. 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. 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 100.16zł and 104.23zł. A break-up above any of these levels will issue buy signals. 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 97.00zł 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 10.60zł between high and low, or 11.11%. For the last week, the stock has had daily average volatility of 5.19%.

Our recommended stop-loss: 93.54zł (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 64 days ago.)

Trading Expectations (IBS.WA) For The Upcoming Trading Day Of Tuesday 11th

For the upcoming trading day on Tuesday, 11th we expect Noble Financials S.A. to open at 99.73zł, and during the day (based on 14 day Average True Range), to move between 89.96zł and 105.64zł, which gives a possible trading interval of +/-7.84zł (+/-8.01%) 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 16.03% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at 97.00zł (0.82%) than the resistance at 103.00zł (5.32%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Noble Financials S.A. stock A Buy?

Noble Financials S.A. holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development.

Current score: 0.023 Hold/Accumulate Unchanged

Predicted Opening Price for Noble Financials S.A. of Tuesday, June 11, 2024

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