NorCom Information Technology GmbH & Co. Stock Forecast

Weaker technical forecast for NorCom Information Technology GmbH & Co. as stock downgraded to Sell Candidate.
(Updated on May 06, 2024)

NC5A.F Signals & Forecast

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 NorCom Information Technology GmbH & Co. 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 6.85€ and 6.88€. A break-up above any of these levels will issue buy signals. A sell signal was issued from a pivot top point on Tuesday, April 30, 2024, and so far it has fallen -5.65%. Further fall is indicated until a new bottom pivot has been found. 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.

Support, Risk & Stop-loss for NorCom Information Technology GmbH & Co. stock

On the downside, the stock finds support just below today's level from accumulated volume at 6.30€ and 6.10€. There is a natural risk involved when a stock is testing a support level, since if this is broken, the stock then may fall to the next support level. In this case, NorCom Information Technology GmbH & Co. finds support just below today's level at 6.30€. If this is broken, then the next support from accumulated volume will be at 6.10€ and 5.70€.

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 0€ between high and low, or 0%. For the last week the stock has had daily average volatility of 3.25%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (NC5A.F) For The Upcoming Trading Day Of Tuesday 7th

For the upcoming trading day on Tuesday, 7th we expect NorCom Information Technology GmbH & Co. KGaA to open at 6.68€, and during the day (based on 14 day Average True Range), to move between 6.33€ and 7.03€, which gives a possible trading interval of +/-0.347€ (+/-5.19%) up or down from last closing price. If NorCom Information Technology GmbH & Co. KGaA takes out the full calculated possible swing range there will be an estimated 10.38% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at 6.70€ (0.30%) than the support at 6.30€ (5.69%), 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 NorCom Information Technology GmbH & Co. KGaA stock A Buy?

The NorCom Information Technology GmbH & Co. stock holds several negative signals and despite the positive trend, we believe NorCom Information Technology GmbH & Co. will perform weakly in the next couple of days or weeks. Therefore, we 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 Buy to a Sell candidate.

Current score: -3.472 Sell Candidate Downgraded

Predicted Opening Price for NorCom Information Technology GmbH & Co. KGaA of Tuesday, May 7, 2024

The predicted opening price is based on yesterday's movements between high, low, and closing price.