Napatech A-S Stock Forecast
Volatile ride for Napatech A-S stock price on Monday moving between kr24.00 and kr29.00
(Updated on May 06, 2024)
The Napatech A-S stock price fell by -14.19% on the last day (Monday, 6th May 2024) from kr28.90 to kr24.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 20.83% from a day low at kr24.00 to a day high of kr29.00. The price has risen in 6 of the last 10 days and is up by 6.44% over the past 2 weeks. Volume has increased on the last day by 36 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, 112 thousand shares were bought and sold for approximately kr2.79 million.
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 kr23.52 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 52.92% during the next 3 months and, with a 90% probability hold a price between kr35.97 and kr47.94 at the end of this 3-month period.
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NAPA.OL Signals & Forecast
The Napatech A-S stock holds a sell signal from the short-term Moving Average; at the same time, however, there is a buy signal from the long-term average. Since the short-term average is above the long-term average there is a general buy signal in the stock giving a positive forecast for the stock. On further gains, the stock will meet resistance from the short-term Moving Average at approximately kr27.17. On a fall, the stock will find some support from the long-term average at approximately kr22.34. A break-up through the short-term average will send a buy signal, whereas a breakdown through the long-term average will send a sell signal. 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 -19.48%. Further fall is indicated until a new bottom pivot has been found. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
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 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 kr5.00 between high and low, or 20.83%. For the last week, the stock has had daily average volatility of 11.60%.
Our recommended stop-loss: kr23.58 (-4.90%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 3 days ago.)
Trading Expectations (NAPA.OL) For The Upcoming Trading Day Of Tuesday 7th
For the upcoming trading day on Tuesday, 7th we expect Napatech A-S to open at kr25.93, and during the day (based on 14 day Average True Range), to move between kr22.85 and kr26.75, which gives a possible trading interval of +/-kr1.95 (+/-7.85%) up or down from last closing price. If Napatech A-S takes out the full calculated possible swing range there will be an estimated 15.70% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr24.60 (0.81%) than the resistance at kr25.60 (3.23%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Napatech A-S 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 Napatech A-S stock to perform well in the short-term.
Current score: 2.418 Buy Candidate Unchanged
Predicted Opening Price for Napatech A-S of Tuesday, May 7, 2024
| Fair opening price May 7, 2024 | Current price |
|---|---|
| kr25.93 ( 4.57%) | kr24.80 |
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 | 30.93 | 24.73 % | |
| R2 | 29.02 | 17.03 % | ||
| R1 | 27.84 | 12.27 % | ||
| Current price: | 24.80 | |||
| Support | S1 | 24.02 | -3.13 % | |
| S2 | 22.84 | -7.89 % | ||
| S3 | 20.93 | -15.59 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 30.80 | 24.19 % | |
| R2 | 29.20 | 17.74 % | ||
| R1 | 25.60 | 3.23 % | ||
| Current price | 24.80 | |||
| Support | S1 | 24.60 | -0.81% | |
| S2 | 23.30 | -6.05% | ||
| S3 | 22.90 | -7.66% |
FAQ
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