Navamedic ASA Stock Forecast
Navamedic ASA stock downgraded from Hold/Accumulate to Sell Candidate after Wednesday trading session.
(Updated on Jun 26, 2024)
The Navamedic ASA stock price fell by -4.37% on the last day (Wednesday, 26th Jun 2024) from kr34.30 to kr32.80. During the last trading day the stock fluctuated 3.66% from a day low at kr32.80 to a day high of kr34.00. The price has fallen in 4 of the last 10 days and is down by -3.53% for this period. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -21 thousand shares and in total, 5 thousand shares were bought and sold for approximately kr174.63 thousand.
The stock lies in the middle of a 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 -2.96% during the next 3 months and, with a 90% probability hold a price between kr30.80 and kr33.83 at the end of this 3-month period.
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NAVA.OL Signals & Forecast
A buy signal was issued from a pivot bottom point on Friday, June 21, 2024, and so far it has risen 0.306%. Further rise is indicated until a new top pivot has been found. Some negative signals were issued as well, and these may have some influence on the near short-term development. The Navamedic ASA 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 kr33.69 and kr33.87. A break-up above any of these levels will issue buy signals. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Volume fell along with the price during the last trading day, which is technical positive. One should, however, note that this stock may have low liquidity in periods, which increases the general risk.
Support, Risk & Stop-loss for Navamedic ASA stock
Navamedic ASA finds support from accumulated volume at kr32.70 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
In general the stock tends to have very controlled movements and therefore the general risk is considered very low. However, be aware of low or falling volume and make sure to keep an eye on the stock During the last day, the stock moved kr1.20 between high and low, or 3.66%. For the last week the stock has had daily average volatility of 3.79%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAVA.OL) For The Upcoming Trading Day Of Thursday 27th
For the upcoming trading day on Thursday, 27th we expect Navamedic ASA to open at kr33.20, and during the day (based on 14 day Average True Range), to move between kr31.94 and kr33.66, which gives a possible trading interval of +/-kr0.86 (+/-2.62%) up or down from last closing price. If Navamedic ASA takes out the full calculated possible swing range there will be an estimated 5.23% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr32.70 (0.30%) than the resistance at kr33.10 (0.91%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Navamedic ASA stock A Buy?
Navamedic ASA holds several negative signals and is within a 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: -3.344 Sell Candidate Downgraded
Predicted Opening Price for Navamedic ASA of Thursday, June 27, 2024
| Fair opening price June 27, 2024 | Current price |
|---|---|
| kr33.20 ( 1.22%) | kr32.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAVA.OL
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 34.40 | 4.88% |
| R2 | 33.94 | 3.48% |
| R1 | 33.66 | 2.62% |
| Price | 32.80 | |
| S1 | 32.74 | -0.178% |
| S2 | 32.46 | -1.04% |
| S3 | 32.00 | -2.44% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.60 | 2.44% |
| R2 | 33.40 | 1.83% |
| R1 | 33.10 | 0.91% |
| Price | 32.80 | |
| S1 | 32.70 | -0.305% |
| S2 | 32.60 | -0.610% |
| S3 | 32.40 | -1.22% |
NAVA Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Mar 22, 2010 | Apr 13, 2010 | Apr 27, 2010 | kr1.00 | 18.82% |
FAQ
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