Northern Data Ag Stock Forecast
Northern Data Ag stock price up 1.83% on Tuesday
(Updated on Jun 25, 2024)
The Northern Data Ag stock price gained 1.83% on the last trading day (Tuesday, 25th Jun 2024), rising from 21.85€ to 22.25€. During the last trading day the stock fluctuated 7.73% from a day low at 21.35€ to a day high of 23.00€. The price has risen in 8 of the last 10 days but is still down by -1.77% for this period. Volume fell on the last day by -279 thousand shares and in total, 42 thousand shares were bought and sold for approximately 933.57€ 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 is moving within a very wide and horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Northern Data Ag stock with a 90% probability to be traded between 20.32€ and 28.35€ at the end of this 3-month period. A break of a horizontal trend is often followed by a large increase in the volume, and stocks seldom manage to go directly from the bottom of a trend up to the top. Stocks turning up in the middle of a horizontal trend are therefore considered to be potential runners.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NB2.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Thursday, June 13, 2024, and so far it has risen 2.53%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The Northern Data Ag 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 23.14€ and 24.30€. A break-up above any of these levels will issue buy signals. 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 Northern Data Ag stock
Northern Data Ag finds support from accumulated volume at 22.10€ 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 1.65€ between high and low, or 7.73%. For the last week the stock has had daily average volatility of 8.27%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NB2.F) For The Upcoming Trading Day Of Wednesday 26th
For the upcoming trading day on Wednesday, 26th we expect Northern Data Ag to open at 22.20€, and during the day (based on 14 day Average True Range), to move between 20.78€ and 23.72€, which gives a possible trading interval of +/-1.47€ (+/-6.61%) up or down from last closing price. If Northern Data Ag takes out the full calculated possible swing range there will be an estimated 13.22% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at 22.10€ (0.67%) than the resistance at 23.55€ (5.84%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is Northern Data Ag stock A Buy?
Northern Data Ag holds several negative signals and is within a very 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: -1.520 Sell Candidate Unchanged
Predicted Opening Price for Northern Data Ag of Wednesday, June 26, 2024
| Fair opening price June 26, 2024 | Current price |
|---|---|
| 22.20€ ( 0.225%) | 22.25€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NB2.F
Fibonacci Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 23.85 | 7.19% |
| R2 | 23.22 | 4.36% |
| R1 | 22.83 | 2.61% |
| Price | 22.25 | |
| S1 | 21.57 | -3.06% |
| S2 | 21.18 | -4.81% |
| S3 | 20.55 | -7.64% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.95 | 12.13% |
| R2 | 23.85 | 7.19% |
| R1 | 23.55 | 5.84% |
| Price | 22.25 | |
| S1 | 22.10 | -0.674% |
| S2 | 21.85 | -1.80% |
| S3 | 21.70 | -2.47% |
FAQ
Click here for our free guide on how to buy Northern Data Ag Stock.
