NCAB Group AB (publ) Stock Forecast
Red day on Wednesday for NCAB Group AB (publ)
(Updated on May 08, 2024)
The NCAB Group AB (publ) stock price fell by -3.64% on the last day (Wednesday, 8th May 2024) from kr78.20 to kr75.35. During the last trading day the stock fluctuated 3.38% from a day low at kr75.35 to a day high of kr77.90. The price has risen in 7 of the last 10 days and is up by 15.83% over the past 2 weeks. Volume fell on the last day along with the stock, which is actually a good sign as volume should follow the stock. On the last day, the trading volume fell by -81 thousand shares and in total, 71 thousand shares were bought and sold for approximately kr5.37 million.
The stock lies the upper part of a very wide and falling trend in the short term, and this may normally pose a very good selling opportunity for the short-term trader as reaction back towards the lower part of the trend can be expected. A break up at the top trend line at kr78.13 will firstly indicate a slower falling rate, but may be the first sign of a trend shift. Given the current short-term trend, the stock is expected to fall -5.13% during the next 3 months and, with a 90% probability hold a price between kr55.36 and kr74.12 at the end of this 3-month period. Do note, that if the stock price manages to stay at current levels or higher, our prediction target will start to change positively over the next few days as the conditions for the current predictions will be broken.
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NCAB.ST Signals & Forecast
The NCAB Group AB (publ) stock holds buy signals from both short and long-term Moving Averages giving a positive forecast for the stock. Also, there is a general buy signal from the relation between the two signals where the short-term average is above the long-term average. On corrections down, there will be some support from the lines at kr73.65 and kr67.93. A breakdown below any of these levels will issue sell signals. 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. A sell signal was issued from a pivot top point on Tuesday, May 07, 2024, and so far it has fallen -3.64%. Further fall is indicated until a new bottom pivot has been found. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements.
Support, Risk & Stop-loss for NCAB Group AB (publ) stock
NCAB Group AB (publ) finds support from accumulated volume at kr73.30 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.
This stock may move much during the day (volatility) and with a large prediction interval from the Bollinger Band this stock is considered to be "high risk". During the last day, the stock moved kr2.55 between high and low, or 3.38%. For the last week, the stock has had daily average volatility of 5.60%.
Our recommended stop-loss: kr71.62 (-4.94%) (This stock has high daily movements and this gives high risk. There is a sell signal from a pivot top found 1 day ago.)
Trading Expectations (NCAB.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect NCAB Group AB (publ) to open at kr76.20, and during the day (based on 14 day Average True Range), to move between kr72.03 and kr78.67, which gives a possible trading interval of +/-kr3.32 (+/-4.40%) up or down from last closing price. If NCAB Group AB (publ) takes out the full calculated possible swing range there will be an estimated 8.80% move between the lowest and the highest trading price during the day.
Since the stock is closer to the resistance from accumulated volume at kr75.45 (0.13%) than the support at kr73.30 (2.72%), 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 NCAB Group AB (publ) stock A Buy?
Several short-term signals are positive, despite the stock being in a falling trend, we conclude that the current level may hold a buying opportunity as there is a fair chance for stock to perform well in the short-term.
Current score: 1.154 Buy Candidate Unchanged
Predicted Opening Price for NCAB Group AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr76.20 ( 1.13%) | kr75.35 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCAB.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 78.75 | 4.51 % | |
| R2 | 77.78 | 3.22 % | ||
| R1 | 77.17 | 2.42 % | ||
| Current price: | 75.35 | |||
| Support | S1 | 75.23 | -0.165 % | |
| S2 | 74.62 | -0.96 % | ||
| S3 | 73.65 | -2.26 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 76.75 | 1.86 % | |
| R2 | 76.55 | 1.59 % | ||
| R1 | 75.45 | 0.133 % | ||
| Current price | 75.35 | |||
| Support | S1 | 73.30 | -2.72% | |
| S2 | 70.55 | -6.37% | ||
| S3 | 64.65 | -14.20% |
NCAB Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | May 10, 2024 | May 10, 2024 | May 16, 2024 | kr1.10 | 1.46% |
| 2 | May 10, 2023 | May 10, 2023 | May 10, 2023 | kr1.10 | 1.42% |
| 3 | Sep 30, 2022 | Sep 30, 2022 | Sep 30, 2022 | kr0.300 | 0.655% |
| 4 | May 04, 2022 | May 04, 2022 | May 04, 2022 | kr0.300 | 0.528% |
| 5 | Dec 16, 2021 | Dec 16, 2021 | Dec 16, 2021 | kr1.00 | 1.23% |
FAQ
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