Northern Data Ag 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
Stronger technical forecast for Northern Data Ag stock price after Friday trading.
(Updated on Jun 28, 2024)
The Northern Data Ag stock price gained 4.16% on the last trading day (Friday, 28th Jun 2024), rising from 22.85€ to 23.80€. During the last trading day the stock fluctuated 4.76% from a day low at 23.10€ to a day high of 24.20€. The price has risen in 8 of the last 10 days and is up by 7.69% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 25 thousand more shares were traded than the day before. In total, 67 thousand shares were bought and sold for approximately 1.60€ million.
The stock lies in the middle of a very wide and weak rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 3.88% during the next 3 months and, with a 90% probability hold a price between 21.56€ and 29.70€ at the end of this 3-month period.
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NB2.F Signals & Forecast
A buy signal was issued from a pivot bottom point on Monday, June 24, 2024, and so far it has risen 8.92%. 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. 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 a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at 24.05€. On a fall, the stock will find some support from the short-term average at 23.43€. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal.
Support, Risk & Stop-loss for Northern Data Ag stock
Northern Data Ag finds support from accumulated volume at 23.55€ 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 and with good trading volume, the risk is considered to be medium. During the last day, the stock moved 1.10€ between high and low, or 4.76%. For the last week, the stock has had daily average volatility of 11.19%.
Our recommended stop-loss: 22.76€ (-4.35%) (This stock has medium daily movements and this gives medium risk. There is a buy signal from a pivot bottom found 11 days ago.)
Trading Expectations (NB2.F) For The Upcoming Trading Day Of Monday 1st
For the upcoming trading day on Monday, 1st we expect Northern Data Ag to open at 23.70€, and during the day (based on 14 day Average True Range), to move between 22.18€ and 25.42€, which gives a possible trading interval of +/-1.62€ (+/-6.80%) up or down from last closing price. If Northern Data Ag takes out the full calculated possible swing range there will be an estimated 13.60% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at 23.85€ (0.21%) than the support at 23.55€ (1.05%), 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 Northern Data Ag stock A Buy?
Several short-term signals, along with a general good trend, are positive and we conclude that the current level may hold a buying opportunity as there is a fair chance for Northern Data Ag stock to perform well in the short-term. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Buy candidate.
Current score: 3.055 Buy Candidate Upgraded
Predicted Opening Price for Northern Data Ag of Monday, July 1, 2024
| Fair opening price July 1, 2024 | Current price |
|---|---|
| 23.70€ ( 0.420%) | 23.80€ |
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 | 24.80 | 4.20% |
| R2 | 24.38 | 2.44% |
| R1 | 24.12 | 1.35% |
| Price | 23.80 | |
| S1 | 23.28 | -2.19% |
| S2 | 23.02 | -3.28% |
| S3 | 22.60 | -5.04% |
Accumulated Volume Support & Resistance Levels
| Level | Price | |
|---|---|---|
| R3 | 24.95 | 4.83% |
| R2 | 24.00 | 0.84% |
| R1 | 23.85 | 0.210% |
| Price | 23.80 | |
| S1 | 23.55 | -1.05% |
| S2 | 23.15 | -2.73% |
| S3 | 21.85 | -8.19% |
FAQ
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