The NAGA Group AG Stock Forecast
Explanation to Bollinger's Bands
Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.
Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.
Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation
BandWidth defines the current width of the band.
%b defines the current position within the band.
BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)
Live Samples:
Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.
Source: http://www.bollingerbands.com
Volatile ride for The NAGA Group AG stock price on Friday moving between 0.81€ and 0.92€
(Updated on May 31, 2024)
The The NAGA Group AG stock price fell by -6.22% on the last day (Friday, 31st May 2024) from 0.90€ to 0.84€. During the last trading day the stock fluctuated 13.86% from a day low at 0.81€ to a day high of 0.92€. The price has fallen in 6 of the last 10 days but is still up by 4.98% over the past 2 weeks. Volume has increased on the last day by 41 thousand 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, 55 thousand shares were bought and sold for approximately 46.11€ thousand.
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 -7.13% during the next 3 months and, with a 90% probability hold a price between 0.503€ and 0.99€ at the end of this 3-month period.
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N4G.F Signals & Forecast
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 The NAGA Group AG stock holds sell signals from both short and long-term Moving Averages giving a more negative forecast for the stock. On corrections up, there will be some resistance from the lines at 0.86€ and 0.85€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Monday, March 18, 2024, and so far it has fallen -25.96%. Further fall is indicated until a new bottom pivot has been found. The NAGA Group AG 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 The NAGA Group AG stock
The NAGA Group AG finds support from accumulated volume at 0.81€ and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved 0.112€ between high and low, or 13.86%. For the last week, the stock has had daily average volatility of 21.37%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (N4G.F) For The Upcoming Trading Day Of Monday 3rd
For the upcoming trading day on Monday, 3rd we expect The NAGA Group AG to open at 0.86€, and during the day (based on 14 day Average True Range), to move between 0.761€ and 0.93€, which gives a possible trading interval of +/-0.0826€ (+/-9.79%) up or down from last closing price. If The NAGA Group AG takes out the full calculated possible swing range there will be an estimated 19.58% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 0.85€ (0.95%) than the support at 0.81€ (4.03%), 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 The NAGA Group AG stock A Buy?
The NAGA Group AG holds several negative signals and is within a very wide and falling trend, so we believe it will still perform weakly in the next couple of days or weeks. We therefore 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 Hold/Accumulate to a Sell candidate.
Current score: -3.694 Sell Candidate Downgraded
Predicted Opening Price for The NAGA Group AG of Monday, June 3, 2024
| Fair opening price June 3, 2024 | Current price |
|---|---|
| 0.86€ ( 1.58%) | 0.84€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for N4G.F
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.97 | 14.85 % | |
| R2 | 0.93 | 9.78 % | ||
| R1 | 0.90 | 6.65 % | ||
| Current price: | 0.84 | |||
| Support | S1 | 0.81 | -3.49 % | |
| S2 | 0.788 | -6.62 % | ||
| S3 | 0.745 | -11.69 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0.95 | 12.44 % | |
| R2 | 0.88 | 4.27 % | ||
| R1 | 0.85 | 0.95 % | ||
| Current price | 0.84 | |||
| Support | S1 | 0.81 | -4.03% | |
| S2 | 0.780 | -7.58% | ||
| S3 | 0.699 | -17.18% |
FAQ
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