NÜRNBERGER Stock Forecast
Evaluation of NÜRNBERGER stock downgraded after the last trading session.
(Updated on May 20, 2024)
The NÜRNBERGER stock price fell by -0.781% on the last day (Monday, 20th May 2024) from 64.00€ to 63.50€. During the last trading day the stock fluctuated 0% from a day low at 63.50€ to a day high of 63.50€. The price has fallen in 4 of the last 10 days and is down by -3.05% for this period.
The stock has broken the horizontal trend down. Breaks like this are often followed by swift and strong movements, and any correction down to the breakline at approximately 63.54€ is considered to be a "second chance" to get out before further fall. It is, however, important to note that false breaks may appear and that the price may move back into the horizontal trend. A break on increasing volume is considered to be more significant and reliable than breaks on low volume.
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NBG6.DE Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, May 15, 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 NÜRNBERGER 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 64.64€ and 65.91€. 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.
Support, Risk & Stop-loss for NÜRNBERGER stock
There is no support from accumulated volume below today's level and given the right condition the stock may perform very badly in the next couple of days.
In general the stock tends to have very controlled movements and therefore the general risk is considered very 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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 1.90%
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NBG6.DE) For The Upcoming Trading Day Of Tuesday 21st
For the upcoming trading day on Tuesday, 21st we expect NÜRNBERGER Beteiligungs-Aktiengesellschaft to open at 63.50€, and during the day (based on 14 day Average True Range), to move between 62.34€ and 64.66€, which gives a possible trading interval of +/-1.16€ (+/-1.83%) up or down from last closing price. If NÜRNBERGER Beteiligungs-Aktiengesellschaft takes out the full calculated possible swing range there will be an estimated 3.65% move between the lowest and the highest trading price during the day.
With no support below and resistance from accumulated volume @ 64.00€, some 0.500€ (0.79%) from the current price of 63.50€, our system finds the risk reward not very attractive.
Is NÜRNBERGER Beteiligungs-Aktiengesellschaft stock A Buy?
NÜRNBERGER holds several negative signals and is within a 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. Due to some small weaknesses in the technical picture we have downgraded our analysis conclusion for this stock since the last evaluation from a Hold/Accumulate to a Sell candidate.
Current score: -2.698 Sell Candidate Downgraded
Predicted Opening Price for NÜRNBERGER Beteiligungs-Aktiengesellschaft of Tuesday, May 21, 2024
| Fair opening price May 21, 2024 | Current price |
|---|---|
| 63.50€ ( 0%) | 63.50€ |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBG6.DE
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 63.50 | . | |
| R2 | 63.50 | . | ||
| R1 | 63.50 | . | ||
| Current price: | 63.50 | |||
| Support | S1 | 63.50 | . | |
| S2 | 63.50 | . | ||
| S3 | 63.50 | . |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 66.00 | 3.94 % | |
| R2 | 65.50 | 3.15 % | ||
| R1 | 64.00 | 0.787 % | ||
| Current price | 63.50 | |||
| Support | S1 | 0 | . | |
| S2 | 0 | . | ||
| S3 | 0 | . |
NBG6 Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 15, 2024 | May 15, 2024 | May 17, 2024 | 3.50€ | 5.65% |
| 2 | May 02, 2023 | May 02, 2023 | May 02, 2023 | 3.50€ | 4.64% |
| 3 | Apr 28, 2022 | Apr 28, 2022 | Apr 28, 2022 | 3.30€ | 4.18% |
| 4 | Apr 29, 2021 | Apr 29, 2021 | Apr 29, 2021 | 3.30€ | 4.29% |
| 5 | Mar 23, 2020 | Apr 30, 2020 | May 05, 2020 | 3.30€ | 4.89% |
FAQ
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