Nawi Brothers Group Ltd 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
Nawi Brothers Group Ltd stock upgraded to Buy Candidate.
(Updated on Jul 03, 2024)
The Nawi Brothers Group Ltd stock price gained 4.41% on the last trading day (Wednesday, 3rd Jul 2024), rising from ₪2,539.00 to ₪2,651.00. During the last trading day the stock fluctuated 5.16% from a day low at ₪2,539.00 to a day high of ₪2,670.00. The price has been going up and down for this period, and there has been a 3.72% gain for the last 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 583 thousand more shares were traded than the day before. In total, 588 thousand shares were bought and sold for approximately ₪1.56 billion.
The stockhas broken the falling short-term trend up. Firstly a slower falling rate is indicated, but this may very well be an early signal of a trend shift. On the reaction, there will be support on the roof of the current trend broken, which is ₪2,624.44, a level that may pose a second chance to hit a runner. According to fan-theory ₪2,794.60 will be the next possible trend-top level and thereby pose a resistance level that may not be broken at the first attempt.
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NAWI.TA Signals & Forecast
Mostly positive signals in the chart today. The Nawi Brothers Group Ltd stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock, but the stock has a general sell signal from the relation between the two signals where the long-term average is above the short-term average. On corrections down, there will be some support from the lines at ₪2,540.00 and ₪2,561.91. A breakdown below any of these levels will issue sell signals. A buy signal was issued from a pivot bottom point on Sunday, June 16, 2024, and so far it has risen 7.15%. Further rise is indicated until a new top pivot has been found. Furthermore, there is a buy signal from the 3 month Moving Average Convergence Divergence (MACD). Volume is rising along with the price. This is considered to be a good technical signal.
Support, Risk & Stop-loss for Nawi Brothers Group Ltd stock
Nawi Brothers Group Ltd finds support from accumulated volume at ₪2,650.00 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 with good liquidity the risk is considered very low in this stock. During the last day, the stock moved ₪131.00 between high and low, or 5.16%. For the last week the stock has had daily average volatility of 2.45%.
Our recommended stop-loss: ₪2,548.06 (-3.88%) (This stock has low daily movements and this gives low risk. There is a buy signal from a pivot bottom found 32 days ago.)
Trading Expectations (NAWI.TA) For The Upcoming Trading Day Of Thursday 4th
For the upcoming trading day on Thursday, 4th we expect Nawi Brothers Group Ltd to open at ₪2,620.00, and during the day (based on 14 day Average True Range), to move between ₪2,592.84 and ₪2,709.16, which gives a possible trading interval of +/-₪58.16 (+/-2.19%) up or down from last closing price. If Nawi Brothers Group Ltd takes out the full calculated possible swing range there will be an estimated 4.39% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at ₪2,650.00 (0.04%) than the resistance at ₪2,661.00 (0.38%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Nawi Brothers Group Ltd stock A Buy?
Several short-term signals are positive and the break-up from the falling trend indicates a possible shift for a trend. We believe that the prices around the breaking point will indicate particularly good levels, but we also believe that the current level will hold a possible good buy level for the short-term period. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 2.930 Buy Candidate Upgraded
Predicted Opening Price for Nawi Brothers Group Ltd of Thursday, July 4, 2024
| Fair opening price July 4, 2024 | Current price |
|---|---|
| ₪2,620.00 ( 1.17%) | ₪2,651.00 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAWI.TA
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,751.00 | 3.77% |
| R2 | 2,700.96 | 1.88% |
| R1 | 2,670.04 | 0.718% |
| Price | 2,651.00 | |
| S1 | 2,569.96 | -3.06% |
| S2 | 2,539.04 | -4.22% |
| S3 | 2,489.00 | -6.11% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 2,673.00 | 0.83% |
| R2 | 2,664.00 | 0.490% |
| R1 | 2,661.00 | 0.377% |
| Price | 2,651.00 | |
| S1 | 2,650.00 | -0.0377% |
| S2 | 2,624.00 | -1.02% |
| S3 | 2,585.00 | -2.49% |
NAWI Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Jun 02, 2024 | Jun 02, 2024 | Jun 09, 2024 | ₪58.05 | 2.34% |
| 2 | Apr 01, 2024 | Apr 01, 2024 | Apr 08, 2024 | ₪103.88 | 3.94% |
| 3 | Aug 24, 2023 | Aug 24, 2023 | Aug 24, 2023 | ₪112.48 | 4.16% |
| 4 | Dec 04, 2022 | Dec 04, 2022 | Dec 04, 2022 | ₪72.10 | 2.76% |
| 5 | Sep 01, 2022 | Sep 01, 2022 | Sep 01, 2022 | ₪91.66 | 3.19% |
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