Navamedic ASA 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
Navamedic ASA stock price ended at kr32.10 on Friday, after gaining 0.94%.
(Updated on Jun 28, 2024)
The Navamedic ASA stock price gained 0.94% on the last trading day (Friday, 28th Jun 2024), rising from kr31.80 to kr32.10. During the last trading day the stock fluctuated 4.14% from a day low at kr31.40 to a day high of kr32.70. The price has been going up and down for this period, and there has been a -4.75% loss for the last 2 weeks. Volume fell on the last day by -13 thousand shares and in total, 4 thousand shares were bought and sold for approximately kr131.32 thousand. You should take into consideration that falling volume on higher prices causes divergence and may be an early warning about possible changes over the next couple of days.
The stock lies in the lower of a wide and falling trend in the short term, and this may normally pose a very good buying opportunity. If the lower trend floor at kr31.56 is broken, it will firstly indicate a stronger fall rate. Given the current short-term trend, the stock is expected to fall -3.58% during the next 3 months and, with a 90% probability hold a price between kr30.43 and kr33.49 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 Thursday, June 27, 2024, and so far it has risen 0.94%. 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 kr33.01 and kr33.81. 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 during the last trading day while the price increased. This causes a divergence and may be considered as an early warning, but it may also not.
Support, Risk & Stop-loss for Navamedic ASA stock
Navamedic ASA finds support from accumulated volume at kr31.80 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 controlled movements and therefore the general risk is considered 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 kr1.30 between high and low, or 4.14%. For the last week the stock has had daily average volatility of 4.52%.
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 Monday 1st
For the upcoming trading day on Monday, 1st we expect Navamedic ASA to open at kr32.07, and during the day (based on 14 day Average True Range), to move between kr31.20 and kr33.00, which gives a possible trading interval of +/-kr0.90 (+/-2.82%) up or down from last closing price. If Navamedic ASA takes out the full calculated possible swing range there will be an estimated 5.64% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr32.40 (0.93%) than the support at kr31.80 (0.93%), 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 Navamedic ASA stock A Buy?
Navamedic ASA holds several negative signals and is within a 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.
Current score: -2.756 Sell Candidate Unchanged
Predicted Opening Price for Navamedic ASA of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| kr32.07 ( 0.104%) | kr32.10 |
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 | 33.37 | 3.95% |
| R2 | 32.87 | 2.40% |
| R1 | 32.56 | 1.44% |
| Price | 32.10 | |
| S1 | 31.57 | -1.65% |
| S2 | 31.26 | -2.61% |
| S3 | 30.77 | -4.15% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 33.60 | 4.67% |
| R2 | 33.40 | 4.05% |
| R1 | 32.40 | 0.93% |
| Price | 32.10 | |
| S1 | 31.80 | -0.93% |
| S2 | 0 | - |
| S3 | 0 | - |
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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