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Explanation to Bollinger's Bands

Bollinger Bands was created by John Bollinger in the early 1980s, its purpose is to define price action relative to the assets highs and lows. This technical indicator is used to identify buy and sell signals and has proven very well in doing so.

Bollinger Bands consist of a set of three curves drawn in relation to securities prices. The middle band is a measure of the intermediate-term trend, usually a simple moving average, that serves as the base for the upper and lower bands. The interval between the upper and lower bands and the middle band is determined by volatility, typically the standard deviation of the same data that were used for the average. StockInvest.us uses Bollingers suggested 20 day average.

Middle Bollinger Band = 20-period simple moving average
Upper Bollinger Band = Middle Bollinger Band + 2 * 20-period standard deviation
Lower Bollinger Band = Middle Bollinger Band - 2 * 20-period standard deviation

BandWidth defines the current width of the band.
%b defines the current position within the band.

BandWidth = (Upper Bollinger Band - Lower Bollinger Band) / Middle Bollinger Band
%b = (Last - Lower Bollinger Band) / (Upper Bollinger Band - Lower Bollinger Band)

Live Samples:

Bollinger Bottleneck Buy Pattern 1
Bollinger Bottleneck Buy Pattern 2
Bollinger Bottleneck Sell Pattern

Bottlenecks in bandwidth indicate an upcoming change. Break up through the moving average line or continuous movements above the moving average line indicate a break up, and vice versa.

Source: http://www.bollingerbands.com

RSI low/high Values: [ 25 - 75 ]
* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of NCK.AX
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Nick Scali Limited stock downgraded to Sell Candidate
(Updated on Jun 14, 2024)

Sell candidate since Jun 14, 2024 PDF

The Nick Scali Limited stock price fell by -1.29% on the last day (Friday, 14th Jun 2024) from $13.98 to $13.80. It has now fallen 3 days in a row. During the last trading day the stock fluctuated 1.97% from a day low at $13.69 to a day high of $13.96. The price has fallen in 5 of the last 10 days and is down by -0.72% for this period. 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 -125 thousand shares and in total, 226 thousand shares were bought and sold for approximately $3.12 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 -7.51% during the next 3 months and, with a 90% probability hold a price between $12.30 and $14.03 at the end of this 3-month period.

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NCK.AX Signals & Forecast

There are mixed signals in the stock today. The Nick Scali Limited 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 $13.97 and $14.40. A break-up above any of these levels will issue buy signals. Volume fell together with the price during the last trading day and this reduces the overall risk as volume should follow the price movements. A buy signal was issued from a pivot bottom point on Friday, May 24, 2024, and so far it has risen 1.62%. 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).

Support, Risk & Stop-loss for Nick Scali Limited stock

Nick Scali Limited finds support from accumulated volume at $13.74 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock is usually traded at a good volume, and with minor daily changes, the risk is considered to be low. During the last day, the stock moved $0.270 (1.97%) between high and low. 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 (NCK.AX) For The Upcoming Trading Day Of Monday 17th

For the upcoming trading day on Monday, 17th we expect Nick Scali Limited to open at $13.82, and during the day (based on 14 day Average True Range), to move between $13.46 and $14.14, which gives a possible trading interval of +/-$0.344 (+/-2.49%) up or down from last closing price. If Nick Scali Limited takes out the full calculated possible swing range there will be an estimated 4.98% move between the lowest and the highest trading price during the day.

Since the stock is closer to the support from accumulated volume at $13.74 (0.43%) than the resistance at $14.54 (5.36%), our systems sees the trading risk/reward intra-day as attractive and believe profit can be made before the stock reaches first resistance..

Is Nick Scali Limited stock A Buy?

Nick Scali Limited holds several negative signals and we believe that 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: -1.997 Sell Candidate Downgraded

Predicted Opening Price for Nick Scali Limited of Monday, June 17, 2024

Fair opening price June 17, 2024 Current price
$13.82 ( 0.121%) $13.80

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

Trading levels for NCK.AX

Fibonacci Support & Resistance Levels

Level Price
R3 14.09 2.08%
R2 13.98 1.33%
R1 13.92 0.87%
Price 13.80
S1 13.71 -0.627%
S2 13.65 -1.09%
S3 13.55 -1.84%

Accumulated Volume Support & Resistance Levels

Level Price
R3 15.85 14.86%
R2 15.40 11.59%
R1 14.54 5.36%
Price 13.80
S1 13.74 -0.435%
S2 13.70 -0.725%
S3 13.58 -1.59%

NCK Dividend Payout History


# Declaration Date Ex-Date Pay Date Amount Yield
1 Mar 04, 2024 Mar 04, 2024 Mar 26, 2024 $0.350 2.32%
2 Sep 26, 2023 Sep 26, 2023 Oct 18, 2023 $0.350 3.36%
3 Mar 06, 2023 Mar 06, 2023 Mar 06, 2023 $0.400 4.18%
4 Sep 30, 2022 Sep 30, 2022 Sep 30, 2022 $0.350 3.77%
5 Mar 04, 2022 Mar 04, 2022 Mar 04, 2022 $0.350 2.97%

FAQ

What is the symbol for Nick Scali Limited Stock and on which exchange is it traded?
The symbol for Nick Scali Limited is NCK.AX and it is traded on the ASX (Australian Securities Exchange).

Should I buy or sell Nick Scali Limited Stock?
Nick Scali Limited holds several negative signals and we believe that 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.

How to buy Nick Scali Limited Stock?
Nick Scali Limited Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Nick Scali Limited Stock.

What's the current price of Nick Scali Limited Stock?
As of the end of day on the Jun 14, 2024, the price of an Nick Scali Limited (NCK.AX) share was $13.80.

What is the 52-week high and low for Nick Scali Limited Stock?
The 52-week high for Nick Scali Limited Stock is $16.03 and the 52-week low is $8.27.

What is the market capitalization of Nick Scali Limited Stock?
As of the Jun 14, 2024, the market capitalization of Nick Scali Limited is 1.176B.

When is the next earnings date for Nick Scali Limited?
The upcoming earnings date for Nick Scali Limited is Aug 09, 2024.
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About Nick Scali Limited

Nick Scali Limited Nick Scali Limited, together with its subsidiaries, engages in sourcing and retailing of household furniture and related accessories primarily in Australia and New Zealand. It offers lounges, dining tables and chairs, armchairs, buffets/cabinets, TV units, coffee tables, consoles, bedroom furniture products, mattresses and bases, rugs, mirrors, and pendants and lamps. The company provides its products through a network of 61 stores, as well as on... NCK.AX Profile

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