Napatech A-S Stock Forecast
A very strong day for Napatech A-S stock price on Friday
(Updated on Apr 26, 2024)
The Napatech A-S stock price gained 8.47% on the last trading day (Friday, 26th Apr 2024), rising from kr23.60 to kr25.60. During the last trading day the stock fluctuated 10.00% from a day low at kr24.00 to a day high of kr26.40. The price has risen in 6 of the last 10 days and is up by 16.36% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 89 thousand more shares were traded than the day before. In total, 128 thousand shares were bought and sold for approximately kr3.27 million.
The stock lies in the upper part of a wide and strong 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 kr25.70 will firstly indicate a stronger rate of rising. Given the current short-term trend, the stock is expected to rise 57.57% during the next 3 months and, with a 90% probability hold a price between kr35.33 and kr40.50 at the end of this 3-month period.
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NAPA.OL Signals & Forecast
The Napatech A-S 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 kr23.64 and kr20.90. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Wednesday, April 24, 2024, and so far it has risen 12.28%. Further rise is indicated until a new top pivot has been found. 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. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Napatech A-S stock
Napatech A-S finds support from accumulated volume at kr24.60 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 kr2.40 between high and low, or 10.00%. For the last week, the stock has had daily average volatility of 8.21%.
Our recommended stop-loss: kr24.62 (-3.82%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 2 days ago.)
Trading Expectations (NAPA.OL) For The Upcoming Trading Day Of Monday 29th
For the upcoming trading day on Monday, 29th we expect Napatech A-S to open at kr25.33, and during the day (based on 14 day Average True Range), to move between kr24.30 and kr26.90, which gives a possible trading interval of +/-kr1.30 (+/-5.08%) up or down from last closing price. If Napatech A-S takes out the full calculated possible swing range there will be an estimated 10.17% move between the lowest and the highest trading price during the day.
With no resistance above and support from accumulated volume @ kr24.60, some kr1.00 (3.91%) from the current price of kr25.60, our system finds the risk reward attractive.
Is Napatech A-S stock A Buy?
Napatech A-S holds several positive signals and is within a strong rising trend. As the old saying says, "Let the trend be your friend.'". We therefore consider it to be a good choice at these current levels and we are expecting further gains during the next 3 months. We have upgraded our analysis conclusion for this stock since the last evaluation from a Buy to a Strong Buy candidate.
Current score: 6.197 Strong Buy Candidate Upgraded
Predicted Opening Price for Napatech A-S of Monday, April 29, 2024
| Fair opening price April 29, 2024 | Current price |
|---|---|
| kr25.33 ( 1.04%) | kr25.60 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAPA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 27.73 | 8.33 % | |
| R2 | 26.82 | 4.75 % | ||
| R1 | 26.25 | 2.54 % | ||
| Current price: | 25.60 | |||
| Support | S1 | 24.42 | -4.62 % | |
| S2 | 23.85 | -6.84 % | ||
| S3 | 22.93 | -10.42 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 0 | . | |
| R2 | 0 | . | ||
| R1 | 0 | . | ||
| Current price | 25.60 | |||
| Support | S1 | 24.60 | -3.91% | |
| S2 | 23.30 | -8.98% | ||
| S3 | 22.90 | -10.55% |
FAQ
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