Neuberger Berman Next Generation Stock Forecast
Neuberger Berman Next Generation stock upgraded to Hold/Accumulate.
(Updated on May 03, 2024)
The Neuberger Berman Next Generation stock price gained 1.48% on the last trading day (Friday, 3rd May 2024), rising from $11.51 to $11.68. During the last trading day the stock fluctuated 0.687% from a day low at $11.65 to a day high of $11.73. The price has risen in 5 of the last 10 days and is up by 2.73% over the past 2 weeks. Volume fell on the last day by -70 thousand shares and in total, 146 thousand shares were bought and sold for approximately $1.71 million. 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 horizontal trend and further movements within this trend can be expected. Given the current horizontal trend, you can expect Neuberger Berman Next Generation stock with a 90% probability to be traded between $11.20 and $11.90 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.
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NBXG Signals & Forecast
The Neuberger Berman Next Generation 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 $11.62 and $11.66. A breakdown below any of these levels will issue sell signals. Volume fell during the last trading day despite gaining prices. This causes a divergence between volume and price and it may be an early warning. The stock should be watched closely. Some negative signals were issued as well, and these may have some influence on the near short-term development. A sell signal was issued from a pivot top point on Monday, April 29, 2024, and so far it has fallen -0.765%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD).
Support, Risk & Stop-loss for Neuberger Berman Next Generation stock
Neuberger Berman Next Generation finds support from accumulated volume at $11.63 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 $0.0800 between high and low, or 0.687%. For the last week the stock has had daily average volatility of 1.51%.
Our recommended stop-loss: $11.25 (-3.70%) (This stock has low daily movements and this gives low risk. There is a sell signal from a pivot top found 4 days ago.)
Trading Expectations (NBXG) For The Upcoming Trading Day Of Monday 6th
For the upcoming trading day on Monday, 6th we expect Neuberger Berman Next Generation Connectivity Fund Inc. to open at $11.69, and during the day (based on 14 day Average True Range), to move between $11.50 and $11.86, which gives a possible trading interval of +/-$0.183 (+/-1.57%) up or down from last closing price. If Neuberger Berman Next Generation Connectivity Fund Inc. takes out the full calculated possible swing range there will be an estimated 3.13% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at $11.71 (0.26%) than the support at $11.63 (0.43%), 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 Neuberger Berman Next Generation Connectivity Fund Inc. stock A Buy?
Neuberger Berman Next Generation holds several negative signals and this should be a sell candidate, but due to the general chance for a turnaround situation it should be considered as a hold candidate (hold or accumulate) in this position whilst awaiting further development. We have upgraded our analysis conclusion for this stock since the last evaluation from a Sell to a Hold/Accumulate candidate.
Current score: -0.985 Hold/Accumulate Upgraded
Predicted Opening Price for Neuberger Berman Next Generation Connectivity Fund Inc. of Monday, May 6, 2024
| Fair opening price May 6, 2024 | Current price |
|---|---|
| $11.69 ( 0.0571%) | $11.68 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NBXG
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.77 | 0.742 % | |
| R2 | 11.74 | 0.480 % | ||
| R1 | 11.72 | 0.319 % | ||
| Current price: | 11.68 | |||
| Support | S1 | 11.66 | -0.205 % | |
| S2 | 11.64 | -0.366 % | ||
| S3 | 11.61 | -0.628 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 11.86 | 1.54 % | |
| R2 | 11.76 | 0.685 % | ||
| R1 | 11.71 | 0.257 % | ||
| Current price | 11.68 | |||
| Support | S1 | 11.63 | -0.428% | |
| S2 | 11.62 | -0.514% | ||
| S3 | 11.49 | -1.63% |
NBXG Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 14, 2024 | May 14, 2024 | May 31, 2024 | $0.100 | 0.86% |
| 2 | Mar 28, 2024 | Apr 12, 2024 | Apr 30, 2024 | $0.100 | 0.86% |
| 3 | Feb 29, 2024 | Mar 14, 2024 | Mar 28, 2024 | $0.100 | 0.85% |
| 4 | Feb 14, 2024 | Feb 14, 2024 | Feb 29, 2024 | $0.100 | 0.84% |
| 5 | Dec 29, 2023 | Jan 12, 2024 | Jan 31, 2024 | $0.100 | 0.89% |
FAQ
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