NCC AB (publ) Stock Forecast
Evaluation of NCC AB (publ) stock downgraded after the last trading session.
(Updated on May 08, 2024)
The NCC AB (publ) stock price fell by -1.19% on the last day (Wednesday, 8th May 2024) from kr134.00 to kr132.40. During the last trading day the stock fluctuated 1.75% from a day low at kr131.60 to a day high of kr133.90. The price has risen in 6 of the last 10 days but is still down by -0.97% for this period. Volume has increased on the last day by 19 thousand shares but on falling prices. This may be an early warning and the risk will be increased slightly over the next couple of days. In total, 236 thousand shares were bought and sold for approximately kr31.27 million.
The stock lies in the middle of a wide and falling trend in the short term and further fall within the trend is signaled. Given the current short-term trend, the stock is expected to fall -2.96% during the next 3 months and, with a 90% probability hold a price between kr122.61 and kr141.79 at the end of this 3-month period.
Ready to grow your portfolio? Here's your beginner's guide to opening a free brokerage account.
NCC-B.ST Signals & Forecast
A buy signal was issued from a pivot bottom point on Wednesday, April 17, 2024, and so far it has risen 3.92%. 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). Some negative signals were issued as well, and these may have some influence on the near short-term development. The NCC AB (publ) 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 kr133.06 and kr137.78. A break-up above any of these levels will issue buy signals. Volume rose on falling prices yesterday. This may be an early warning and the stock should be followed more closely.
Support, Risk & Stop-loss for NCC AB (publ) stock
NCC AB (publ) finds support from accumulated volume at kr131.80 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 kr2.30 between high and low, or 1.75%. For the last week, the stock has had daily average volatility of 4.15%.
Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.
Trading Expectations (NCC-B.ST) For The Upcoming Trading Day Of Friday 10th
For the upcoming trading day on Friday, 10th we expect NCC AB (publ) to open at kr132.63, and during the day (based on 14 day Average True Range), to move between kr128.48 and kr136.32, which gives a possible trading interval of +/-kr3.92 (+/-2.96%) up or down from last closing price. If NCC AB (publ) takes out the full calculated possible swing range there will be an estimated 5.91% move between the lowest and the highest trading price during the day.
Since the stock is closer to the support from accumulated volume at kr131.80 (0.45%) than the resistance at kr134.50 (1.59%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..
Is NCC AB (publ) stock A Buy?
NCC AB (publ) holds several negative signals and is within a wide and 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 Buy to a Sell candidate.
Current score: -1.127 Sell Candidate Downgraded
Predicted Opening Price for NCC AB (publ) of Friday, May 10, 2024
| Fair opening price May 10, 2024 | Current price |
|---|---|
| kr132.63 ( 0.176%) | kr132.40 |
The predicted opening price is based on yesterday's movements between high, low, and closing price.
Trading levels for NCC-B.ST
Fibonacci Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 134.93 | 1.91 % | |
| R2 | 134.05 | 1.25 % | ||
| R1 | 133.51 | 0.84 % | ||
| Current price: | 132.40 | |||
| Support | S1 | 131.75 | -0.487 % | |
| S2 | 131.21 | -0.90 % | ||
| S3 | 130.33 | -1.56 % |
Accumulated Volume Support & Resistance Levels
| Level | Price | |||
|---|---|---|---|---|
| Resistance | R3 | 145.20 | 9.67 % | |
| R2 | 144.50 | 9.14 % | ||
| R1 | 134.50 | 1.59 % | ||
| Current price | 132.40 | |||
| Support | S1 | 131.80 | -0.453% | |
| S2 | 131.00 | -1.06% | ||
| S3 | 130.20 | -1.66% |
NCC-B Dividend Payout History
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Nov 06, 2024 | Nov 06, 2024 | Nov 12, 2024 | kr4.00 | 3.02% |
| 2 | Apr 10, 2024 | Apr 10, 2024 | Apr 16, 2024 | kr4.00 | 3.11% |
| 3 | Apr 03, 2023 | Apr 03, 2023 | Apr 03, 2023 | kr3.00 | 3.42% |
| 4 | Nov 07, 2022 | Nov 07, 2022 | Nov 07, 2022 | kr3.00 | 3.10% |
| 5 | Apr 06, 2022 | Apr 06, 2022 | Apr 06, 2022 | kr3.00 | 2.36% |
FAQ
Click here for our free guide on how to buy NCC AB (publ) Stock.
