NAXS AB (publ) Stock Forecast
Red day on Thursday for NAXS AB (publ) stock after losing 0.308%
(Updated on Apr 25, 2024)
The NAXS AB (publ) stock price fell by -0.308% on the last day (Thursday, 25th Apr 2024) from kr65.00 to kr64.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.57% from a day low at kr63.80 to a day high of kr64.80. The price has fallen in 6 of the last 10 days and is down by -2.11% 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 -1 thousand shares and in total, 1 thousand shares were bought and sold for approximately kr76.33 thousand.
The stock lies in the middle of a wide and 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 -3.25% during the next 3 months and, with a 90% probability hold a price between kr61.02 and kr69.10 at the end of this 3-month period.
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NAXS.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has fallen 0%. 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 NAXS AB (publ) 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 kr65.17 and kr66.66. 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. The very low volume increases the risk and reduces the other technical signals issued.
A sell signal from a double top formation was found on Thursday, April 04, 2024 and based on theory for this formation the price should fall by -3.09% to kr62.80 within 32 trading days since signal was issued (Friday, April 26, 2024).
Support, Risk & Stop-loss for NAXS AB (publ) stock
NAXS AB (publ) finds support from accumulated volume at kr64.20 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, but be aware of low or falling volume as this increases the risk. During the last day, the stock moved kr1.00 between high and low, or 1.57%. For the last week the stock has had daily average volatility of 1.99%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NAXS.ST) For The Upcoming Trading Day Of Friday 26th
For the upcoming trading day on Friday, 26th we expect NAXS AB (publ) to open at kr64.47, and during the day (based on 14 day Average True Range), to move between kr63.21 and kr66.39, which gives a possible trading interval of +/-kr1.59 (+/-2.45%) up or down from last closing price. If NAXS AB (publ) takes out the full calculated possible swing range there will be an estimated 4.90% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr64.20 (0.93%) than the resistance at kr66.40 (2.47%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NAXS AB (publ) stock A Buy?
NAXS AB (publ) 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: -1.358 Sell Candidate Unchanged
Predicted Opening Price for NAXS AB (publ) of Friday, April 26, 2024
| Fair opening price April 26, 2024 | Current price |
|---|---|
| kr64.47 ( 0.514%) | kr64.80 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NAXS.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 65.47 | 1.03 % | |
| R2 | 65.08 | 0.439 % | ||
| R1 | 64.85 | 0.0751 % | ||
| Current price: | 64.80 | |||
| Support | S1 | 64.08 | -1.10 % | |
| S2 | 63.85 | -1.47 % | ||
| S3 | 63.47 | -2.06 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 67.40 | 4.01 % | |
| R2 | 66.60 | 2.78 % | ||
| R1 | 66.40 | 2.47 % | ||
| Current price | 64.80 | |||
| Support | S1 | 64.20 | -0.93% | |
| S2 | 64.00 | -1.23% | ||
| S3 | 0 | . |
NAXS Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 05, 2024 | Apr 05, 2024 | Apr 11, 2024 | kr4.25 | 6.42% |
| 2 | Mar 31, 2023 | Mar 31, 2023 | Apr 06, 2023 | kr3.75 | 5.39% |
| 3 | Mar 31, 2022 | Mar 31, 2022 | Mar 31, 2022 | kr3.50 | 5.38% |
| 4 | Mar 12, 2021 | Mar 12, 2021 | Mar 12, 2021 | kr3.00 | 5.43% |
| 5 | Mar 13, 2020 | Mar 13, 2020 | Mar 13, 2020 | kr3.00 | 6.65% |
FAQ
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